RBI releases template for profiling banks for RBS
Mumbai: In a significant step towards setting up of a risk-based supervision system by banks, the Reserve Bank of India has released a template for compilation of risk-profiles of all banks.
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Sun F&C buys out JF Mutuals' two schemes
Mumbai: Sun F&C Mutual Fund yesterday acquired two schemes of JF Mutual Fund the JF India Bond Fund and JF Personal Tax Saver which currently manage a corpus of over Rs 150 crore.
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The WorldCom bust up: lessons for the local credit market
Worldcoms bankruptcy filing has got lessons for domestic lenders groaning under a mountain of non-performing assets estimated to be anywhere between Rs 50,000 crore and Rs 75,000 crore.
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Murugappa GroupiInsurance arm to go on stream in August
Chennai: Cholamandalam General Insurance Company Ltd, the insurance arm of the Rs 4,200-crore, Chennai-based Murugappa group of companies will go on stream in August. 
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PSU banks may be under Govt clutches for a while
New Delhi: Public sector banks may not be free entities even after the Government brings down its stake to 33 per cent as proposed in amendments to banking Bills.
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Moody's upgrades outlook for BoI, PNB, Canara Bank
Mumbai: Moody's Investor Service has upgraded the outlook for the financial strength ratings (FSRs) of Bank of India, Canara Bank and Punjab National Bank to stable from negative.
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SBI cuts term deposit rates
Mumbai: State Bank of India (SBI) has lowered domestic term deposit rates by 25 to 50 basis points (bps) in three maturity brackets.
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IDBI comes up with another Flexibonds issue
Mumbai: Industrial Development Bank of India (IDBI) is entering the retail debt market again with an issue of its popular Flexibonds, but this time without the tax-saving Infrastructure Bond. It has also reduced the interest rates offered on the bonds by about 25-50 basis points
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UCO Bank finalising wilful defaulters list
Kolkata: UCO Bank is in the process of finalising the list of wilful defaulters for initiating action against them under the relevant provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Ordinance 2002.
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UTI Bank told to probe failed merger with GTB
New Delhi: The JPC said the enquiry should focus on managerial failure in not getting a due-diligence conducted, anomalies in the decision-making process and lessons learnt for future merger talks.
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Indocean sells Rs 184-cr HDFC Bank shares
Mumbai: Indocean Financial Holdings on Tuesday sold a block of 84 lakh HDFC Bank shares to Government of Singapore Investment Corporation, which operates as a foreign institutional investor in the country.
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