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8/15/2014 Money and banking news | Business Line

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PTI
Raghuram Rajan, addressing students of St Xaviers College, Mumbai
India needs strong forex reserves and stable macro-economic policy: RBI chief
Our Bureau
Raghuram Rajan switches effortlessly between the roles of RBI Governor and academician. T...
UBI keeps fingers crossed on Bhushan Steel exposure
Our Bureau
Kolkata-based lender United Bank of India (UBI) reported a 47 per cent increase in net pr...
RBI reduces the number of free ATM transactions to 3 from 5 per month at metros
Our Bureau
The Reserve Bank of India on Thursday said the number of mandated free transactions for savings... 4 comments
Jaitley steps in, calls for review of PSB chief appointments
Our Bureau
Finance Minister Arun Jaitley has asked the Reserve Bank of India (RBI) and the Cabinet...
bl15_bmdrn_Rupee gains to end significantly higher at 61.28our bureauMUMBAI, AUG
Rupee strengthens to 60.78 The rupee gained 50 paise to end significantly higher at 60.78...
Banking
8/15/2014 Money and banking news | Business Line
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Insurance Bill sent to select panel
Our Bureau
The much-awaited changes to insurance laws, paving the way for a hike in foreign investment l...
Banking
RBI board gives green signal for talks to appoint COO
Our Bureau
The Reserve Bank of Indias board has given its approval for initiating a dialogue with t...
Banking
Nabard cuts interest rates on refinance by 20-50 bps
Our Bureau
To give a boost to investments in the agriculture sector, the National Bank for Agriculture a...
Mumbai, August 14
Asset reconstruction firms: RBI norms will benefit sector, say experts
Our Bureau
The Reserve Bank of Indias directive to asset reconstruction companies (ARCs) to increase their investment in
security receipts (SRs) to 15 per cent from 5 per cent now will lead to greater a...
New Delhi, August 14
Insurance Bill sent to select panel
Our Bureau
The much-awaited changes to insurance laws, paving the way for a hike in foreign investment limit to 49 per cent
from 26 per cent at present, will have to wait for at least three more months.
Mumbai, Aug 14
Nabard cuts refinance rates to banks by 20-50 basis points
Our Bureau
To give a boost to investments in the agriculture sector, the National Bank for Agriculture and Rural Development
(Nabard) has reduced the rate of interest on their refinance facilities to banks b...
New Delhi, Aug 14
'Centre must direct banks to issue ATM cards to non-literate account holders'
K R Srivats
The Centre must direct all banks to take steps to ensure that non-literate account holders are provided with ATM
services on application, BJP Member of Parliament Bandaru Dattatraya has said.
Mumbai, August 13
Call rates fall, bond yields rise
Our Bureau
The inter-bank call money rate, the rate at which banks borrow short-term funds from one another to tide over
8/15/2014 Money and banking news | Business Line
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liquidity mismatches, ended lower at 7.25 per cent from Tuesdays close of 8 per cent....
Mumbai, August 13
India Post set to hit the ground running when it gets bank licence
K Ram Kumar
Postal Dept has put in place core banking solutions, ordered ATM cards 1 comment
Bangalore, August 13
KVG Bank in pact with Deshpande Foundation to train entrepreneurs
Our Bureau
Karnataka Vikas Grameena Bank (KVG Bank), a regional rural bank, and Deshpande Foundation, Hubli, have signed
a memorandum of understanding (MoU) to set up support mechanism for driving and...
New Delhi, Aug. 13
Oxigen Services keen to become payments bank, says Deputy MD Kulkarni
K. R. Srivats
Payment solutions provider Oxigen Services is keen to transform itself into a payments bank, its Deputy Managing
Director Sunil Kulkarni has said. This company will apply for a payme...
Mumbai, Aug 13
'RBI should continue to manage public debt for now'
Our Bureau
Time not yet ripe for an independent debt management office, says Dy Governor Khan
Kochi, August 12
Muthoot Finance Q1 net is 180 cr
Mumbai, August 12
State Bank group to roll out cash recyclers across country
August 12, 2014
Vijaya Bank pays Rs 97.78 cr dividend to Government
Hyderabad, Aug 12
Banking institute notifies common written exam for clerical posts in PSBs
New Delhi, Aug 12
Destimoney to launch online mortgage advisory service
Mumbai, August 11
8/15/2014 Money and banking news | Business Line
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Syndicate Bank fallout: FinMin may review PSB loan approval committees
Mumbai, August 11
Rajan clarifies on imminent crisis theory
Mumbai, Aug 11
Bajaj Finance woos customers with a three EMI 'holiday' option
Mumbai, August 14
Nabard cuts interest rates on refinance by 20-50 bps
Our Bureau
To give a boost to investments in the agriculture sector, the National Bank for Agriculture and Rural Development
(Nabard) has reduced the rate of interest on their refinance facilities to bank...
Kolkata, August 14
United Bank posts 46% rise in net profit in April-June quarter
Abhishek Law
Kolkata-based lender United Bank of India (UBI) reported a 46 per cent increase in net profit at 66 crore in the April
to June quarter as against 45 crore reported in the corresponding quarter o...
New Delhi, Aug 14
Govt refers Insurance Bill to select committee in Rajya Sabha
K R Srivats
The BJP Government has referred the controversial Insurance Laws (Amendment) Bill to the select committee in
Rajya Sabha. The select committee is expected to submit its report by the firs...
August 13, 2014
When competition has done well, LIC has done better
DEEPA NAIR, NS VAGEESH
The countrys largest life insurer, Life Insurance Corporation of India is gearing up for new product launches, given
that it now has just about a dozen products (compared to 48 products la...
Mumbai, Aug 13
General insurers hail new norm for two-wheeler policy
PTI
The general insurance industry has welcomed the introduction of long-term third party motor insurance policy for
two-wheelers by regulator IRDA. The regulator yesterday allowed general insu...
Mumbai, Aug 13
New RBI norms will lead to orderly development of asset reconstruction cos: Ind-ra
Our Bureau
8/15/2014 Money and banking news | Business Line
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The Reserve Bank of Indias directive for Asset Reconstruction Companies (ARCs) to increase their investment in
security receipts (SRs) to 15 per cent from the existing 5 per cent will lead to gre...
Kolkata, Aug. 13
UCO Bank launches home loan campaign
Our Bureau
Kolkata-based lender UCO Bank is observing a UCO home loan campaign across all its branches in the country
between August 11 and August 30. Under the campaign, the bank offers a 1...
New Delhi, Aug 13
Bhushan Steel case: Consortium of lenders to meet on August 18
K.R. Srivats
Top lenders may push for managing agency to oversee companys operations 2 comments
Mumbai, August 12
Need to time Ulip launch to offer better returns, says LIC Chairman
Hyderabad, August 12
Home-buyers driving spurt in retail loan growth
New Delhi, Aug. 12
IFCI plans to raise 2,000 crore via public issue of bonds
Coimbatore, Aug 12
IDBI Bank denies being probed by CBI in Kingfisher loan case
Mumbai, August 11
RBI norms on long-term bonds not to impact housing finance firms
Mumbai, August 11
Remittances surge in July on account of Ramzan
Mangalore, August 11
Karnataka Bank facility for temple donations
Forex
Rupee trading strong at 60.84
Our Bureau
The rupee was trading strong by 44 paise at 60.84 against the dollar at 4.15 p.m. local time. <...
Currency Midday Update for Aug 13
8/15/2014 Money and banking news | Business Line
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Veracity Currency Daily Report for August 14
Veracity Technical report for August 14
Rupee falls to 61.28
Veracity Technical report for August 13
Veracity Currency Daily Report for August 13
Rupee trading weak at 61.26
Veracity Currency Daily Report for August 12

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