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ICICI
Bank to sell retail finance products in all 400 branches
Kolkata: As a major step towards increasing its
focus on retail financing, ICICI Bank will sell all sorts
of retail loan products through all its 400 branches in
the near future, according to the chief operating officer
of ICICI Home Finance Co Ltd, Rajiv Sabharwal.
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INBEF
to protest delay in passing debt ordinance
Mumbai: The Indian National Bank Employees Federation
is planning to organise a dharna on the eve of the next
(winter) Parliament session in protest against the alleged
lackadaisical attitude of the Centre in passing the
Foreclosure Ordinance during the last session.
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Curbs
in call market likely to affect PDs
Mumbai: Margins of primary dealers, particularly
smaller players could be affected from October 5, when
restrictions on banks' lending in call money market come
into effect.
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Good
response for UBI's `Union Rent'
Kochi: `Union Rent', a loan product from Union
Bank of India specially designed for owners of buildings
or portion thereof rented out to reputed companies/institutions,
has received encouraging response in Kerala.
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Minister
favours support for Exim Bank
New Delhi: The Minister of State for Finance, Anandrao
Adsul, has said that financial support from the Government
for the Export Import Bank of India (Exim Bank) would
enable the bank to play a much larger role in boosting
exports from the country.
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IDBI
seeks to become stand-alone bank
Mumbai: The merger with a state-owned bank would
result in the new entity also being categorised as a public
sector undertaking, taking into account the substantial
equity holdings of the Government in IDBI and the banks.
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Bonds
auction
Mumbai: The Reserve Bank of India (RBI) has announced
the Rs 7,000 crore auction of two papers, the 7.27 per
cent 2013 paper and the 7.95 per cent 2032 paper for October
8.
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Karnataka
Bank inspection seminar
Mangalore: Karnataka Bank conducted a two-day seminar
for the bank's inspecting officials. The seminar was organised
by the bank's Staff Training College in association with
its Inspection and Audit Department.
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