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Friday, June 05, 2020

Yes Bank ties up $255 mn foreign currency loan

September 17, 2013 4:09:28 pm

The loans will be utilised for corporate purposes and for trade finance,the bank said.

State Bank of Patiala opens all women in Chandigarh

September 17, 2013 2:37:07 pm

The State Bank of Patiala has converted its branch in Sector 35-D of Chandigrh into an all women branch.

Indian rupee leads Asia FX up on Lawrence Summers exit,intervention caps won,Taiwan dollar

September 16, 2013 2:15:23 pm

Most emerging Asian currencies rallied on Monday with India's rupee at a near one-month high as Lawrence Summers quit the race to be Federal Reserve chief,sparking hopes that the U.S. central bank may keep monetary policy loose for longer.

HSBC downgrades Indian shares to ‘underweight’ citing risks to growth

September 16, 2013 11:03:56 am

Bank says after recent bounce,India looks relatively expensive and is most exposed to growth adjustments.

NDF market crackdown,Raghuram Rajan effect helping Indian rupee: Experts

September 15, 2013 2:30:22 pm

On the day Raghuram Rajan took over as RBI Guv,the rupee gained by 56 p to 67.07.

RBI opens special 2-day MSF window to meet advance tax demand

September 14, 2013 4:42:08 pm

Banks borrowed a record Rs 73,602 crore from MSF window on Sept 11,according to RBI data.

Banks must explore new-generation technologies: CII-KPMG report

September 14, 2013 1:06:16 pm

Technology and outsourcing to play an important role in developing innovative cost efficient operating models,says report.

Singapore steps up scrutiny of some Indian bank branches

September 14, 2013 11:49:06 am

Monetary Authority of Singapore assessing credit quality of loans made from branches to Indian banks.

Valuation of PSU banks rises versus private peers

September 13, 2013 2:20:39 pm

Shares in state-owned banks rise on attractive valuations compared to their private sector peers,dealers say. “Private banks are quoting at almost twice the valuation of state-owned banks,” an institutional dealer said. State Bank of India (SBI) gains 1.1 per cent while Bank of Baroda is up 2.8 per cent. Among midcap state-owned banks,Union Bank of […]

Indian rupee near day’s high; corporate,FII flow

September 13, 2013 9:59:30 am

Rupee is hovering near day's high at 63.57/58 versus its close of 63.50/51 on Thursday.

Raghuram Rajan’s RBI may keep rates high unless Fed delays tapering: BoA-ML

September 12, 2013 5:58:35 pm

The move was aimed at keeping liquidity condition tight.

Indian rupee gains 43 paise against US dollar on capital inflows

September 12, 2013 9:51:52 am

Rupee has spurted by 425 paise or 6.28 per cent in last five straight sessions.

Indian rupee hits 2-week high as exports seen rising,Syria concerns ease

September 10, 2013 12:43:35 pm

The delay on any possible action on Syria has helped market sentiment and the rupee was also poised for a correction.

Indian rupee up 99 paise against US dollar

September 10, 2013 10:21:41 am

The rupee had settled at 77 paise higher at 65.24 against the dollar on Friday.

Raghuram Rajan effect on banks: ‘Cautious’ rating to banking sector shares

September 9, 2013 7:39:30 pm

State Bank of India,Bank of Baroda,Bank of India and ICICI Bank to benefit.

Raghuram Rajan effect on Indian rupee to continue this week as well: Analysts

September 9, 2013 7:22:20 pm

Experts feel RBI move to allow special window to swap FCNR dollar funds could fetch around $10 bn.

Kotak Mahindra Bank’s ‘Onam’ sop for NRIs

September 9, 2013 7:22:20 pm

Bank has seven branches in the state including those at Kochi,Kozhikode and Thiruvananthapuram.

Indian rupee fall has forex reserves plunging $16.5 bn since April 2013

September 8, 2013 5:28:38 pm

Rupee opened fiscal at 54.25 to USD but fell to a life-time low of 68.86 on Aug 28.

Induct Akula on SKS Microfinance board: SKS Trusts

September 8, 2013 4:29:01 pm

SKS Trusts has five mutual benefit trusts whose beneficiaries are self-help groups of borrowers of SKS Micro.

Mutual funds invest Rs 1,600 cr in equity in August

September 8, 2013 11:39:58 am

Domestic mutual funds have purchased shares worth over Rs 1,600 crore in August,after pulling out more than Rs 2,400 crore in the preceding two months.