North Malabar Gramin cuts rates
Kochi: The Kannur-based North Malabar Gramin Bank has cut interest rates on priority sector advances to 12.5 per cent for amounts up to Rs 2 lakh. 
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Partners lost faith in Kale: Ferguson
Mumbai: Audit firm A.F. Ferguson and Co (AFF) today said that all the partners of the firm had "lost faith'' in Mr Y.M. Kale after an internal inquiry threw light on a "number of issues relating to Mr Kale's past conduct''. 
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ICAI seeks DCA advice on probe
New Delhi: The Institute of Chartered Accountants of India (ICAI) has sought the assistance of the Department of Company Affairs (DCA) to find if there is any ground for inquiry into the alleged professional misconduct by A F Ferguson in l'affaire Tata Finance Ltd.
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Bill payment through the Net
Hyderabad: Centurion Bank has tied up with e-seva, the Andhra Pradesh Government IT-enabled services centre to enable the bank's customers pay their regular utility bills through the Internet. 
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Impasse over Bank of Tokyo branch closure continues
New Delhi: The conciliation meeting, which the Regional Labour Commissioner (Central) called on Thursday to resolve the impasse created over the sudden closure of the local branch of the Bank of Tokyo-Mitsubishi was inconclusive. 
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No investment limits on new tax-free bonds
New Delhi: The Government has decided not to fix an annual investment limit on the new seven per cent tax-free bonds announced by the Finance Minister, Mr Jaswant Singh, in a bid to restore the feel good factor and bolster savings. 
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Holiday Inn, Pune auction put off to August 19
Pune: The auction of Holiday Inn, Pune, has been adjourned to August 19. It was previously scheduled to take place on August 7. According to IndusInd Bank, which had filed a recovery suit against Ram Laxman Hotels (Pvt) Ltd at the Debts Recovery. 
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Nanyadarshini 2002
Bangalore: Coins and currencies displayed at "Nanyadarshini - 2002", an exhibition organised by the Karnataka Numismatics Society in Bangalore on Thursday. 
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Lord Krishna Bank comes under RBI lens for violating advance norms 
Kochi: The Reserve Bank of India is looking into the alleged irregularities in some of the advances made by the Connaught Place branch of the Kochi-based Lord Krishna Bank Ltd. 
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Depositors seek penal action against RBF Nidhi Promoters 
New Delhi: The RBF Nidhi Ltd Depositors Welfare Association has urged the Economic Offences Wing to take criminal action against the erstwhile chairman and other directors of RBF Nidhi Ltd for speedy recovery of funds. 
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StanChart offers Sapnay Card to minimise frauds 
Mumbai: Standard Chartered Bank has introduced an exclusive electronic credit card Sapnay, which the bank claims, would minimise the possibility of frauds. Full story 
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IFCI to tap banks for raising $400-million by November 
New Delhi: Armed with the government guarantee, IFCI will now approach banks to raise about $400 million to meet its foreign debt obligations by November.  
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