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'India, China to rule growth path'
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Singapore-based DBS Group is now beefing up operations in Greater China region and South Asia. Accordingly, India too is slated to become a major growth pocket for the bank.
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Citigroup's Pandit paid $128,751 for 2009
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Citigroup Inc said it paid Vikram Pandit, its chief executive, just under $129,000 for 2009, making him one of the lowest paid CEOs on Wall Street.
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Banks may burden customers if forced to abolish prepenalty: RBI
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Reserve Bank Deputy Governor, Usha Thorat, said abolishing the practice of levying pre-payment penalty on loans could prompt lenders to hike interest rates to pass on their burden to customers.
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Banking’s got the headwind, to ride high on valuation
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We think the banking sector will be an outperformer for the year. The sector is a play on the economy and will benefit from improving growth.
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SBI to gain from govt's decision on farm loan repay
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State Bank of India (SBI) will be the biggest beneficiary of the government’s decision to giver farmers more time to repay their loan.
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RBI imposes Rs 25-l penalty on BoR for 'irregularities'
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Bank of Rajasthan (BoR), an old private sector lender, has been pulled up by RBI for a string of violations like deletion of records in the bank’s IT system, irregular property deals and 'irregularities in the conduct of accounts of a corporate group.'
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Economic Survey for relaxing FDI in insurance, banking
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The Economic Survey 2009-10 today made out a strong case for liberalising foreign direct investment policies for health insurance, rural banking and higher education, stating FDI can boost trade in services.
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Base rate to bring clarity: Bhatt
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The proposed new 'base rate' regime would prevent large corporations from taking an advantage of ample liquidity in the banking system and negotiate competitive interest rates, State Bank of India (SBI) chairman OP Bhatt said
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UBI to open 13 new branches in Orissa
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The Union Bank of India(UBI) will open 13 more branches in Orissa by the end of March 2010 to take the total branches in the state to 120.
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Capex will begin to kick in again soon: AXIS AMC
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I think - as has been indicated even in the RBI policy - one of the key concerns that this economy faces is supply side concerns and I think we have seen some sort of slow down on capex. So whether it is to contend with the demand of 7% to 8% growth
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HDFC extends 8.25% festive offer until end of February 2010
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The special festive offer rate of 8.25% pa by HDFC is now applicable to all new home loan customers who apply before 27.2.2010 and take at least part disbursement before 31.3.2010.
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Bank operating without licence is law and order problem: Gokarn
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Reserve Bank of India (RBI) Deputy Governor Subir Gokarn has voiced concern over financial organisations and banks operating without RBI registration and licence, saying it is a 'law and order problem'.
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BOI to set business target of Rs 12 lakh crore in next 5 years
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Bank of India Chairman-cum-Managing Director Alok Mishra today hinted that the bank will set a target of global business to the tune of Rs 12 lakh crore in the next five years keeping in view the changing economic profile of the country.
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UBI exempted from SEBI for appointment of three ind Directors
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Kolkata-based United Bank of India (UBI) has received exemption from the Securities and Exchange Board of India (SEBI) for appointment of three more independent Directors on its board, Executive Director T M Bhasin today said.
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NABARD sanctions Rupees 142.47 crore for Tripura
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As part of strengthening rural infrastructure, NABARD has sanctioned a project of Rupees 142.47 crore to Tripura under XVth phase of rural infrastructure development fund (RIDF).
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Education, self-employment loan recovery responsibility on SIDICO
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The Sikkim Industrial Development and Investment Corporation (SIDICO) has been vested the added responsibility by the State Government of recovering the loans under Comprehensive Education Loan Scheme (CELS) and Chief Minister’s Self Employment Scheme (CMSES).
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Senior citizens expecting mortgage loans to turn favourable
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Retired Professor M.R. Santhanam (74) wanted to avail himeself of a reverse mortgage loan a year ago. He is yet to take a decision.
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NABARD sanctions Rs. 2.88 crore for development of tribals
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National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs. 2.88 crore for development of tribals in Tamil Nadu.
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Buying clothes for a night out? Pay in EMIs
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You've paid for your state-of-the-art laptop in instalments, you've also bought that coveted home theatre system using the EMI facility.
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NABARD projects credit of Rs 3,255 cr
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In a bid to boost rural economy, the National Bank for Agriculture and Rural Development (NABARD) today released a ‘Focus Paper’ projecting an amount of Rs 3,255.96 crore credit for the State.
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Financial assistance to JLGs favoured
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Innovations such as SHG bank linkage programme proved to be successful in providing financial services to the poor in Koraput district, said A.K. Parhee, AGM of NABARD, here on Thursday.
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NABARD unveils Rs 26,000 cr credit plan for WB
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West Bengal Finance Minister Asim Dasgupta released the State Focus Paper 2010-11 of National Bank for Agriculture and Rural Development (NABARD) at the State Credit Seminar here on Thursday.
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West Bengal expects 35 percent growth in farm loan
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West Bengal expects to achieve a growth of 35 percent in loans to farm and small scale sectors in the current fiscal, state Finance Minister Asim Dasgupta said here Wednesday.
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Peerless launches Mutual Fund, plans to make it 'aam admi'
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Peerless Funds Management Company Ltd (PFMCL), a wholly subsidiary of Rupees 1200 crore Peerless General and Investment Co, today launched Peerless Mutual Fund with initial capital Rupees 50 crore.
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IOB signs MoU with Chennai Telephones
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Indian Overseas Bank (IOB) has entered into an MoU with BSNL Chennai Telephones for utilising the full gamut of telecom services
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