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UTI Bank buys Rs 310-cr retail loans from NBFCs
Mumbai: In an attempt to provide an impetus to its retail thrust, UTI Bank is increasingly resorting to the inorganic route to fuel growth.
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Banks may shift from tax havens abroad to SEZs
Mumbai: Some public sector banks are examining the possibility of shifting their branches from the so-called overseas tax havens to the new special economic zones (SEZs) being set up in India.
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Canara Banks offers `Anywhere Banking'
Mumbai: Canara Bank has launched `Anywhere Banking' facility in Hyderabad across 20 branches, making Hyderabad the sixth centre in the country to have the bank's new facility in addition to the five metros.
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Ministry okays guarantee to IFCI for $100-m notes
New Delhi: The Finance Ministry has approved a proposal to extend a guarantee to IFCI to enable it redeem its floating rate notes aggregating $ 100 million due later this month.
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Sound corporates to gain from ample liquidity
Mumbai: Bond markets continued their untrammelled rally powered by reserve money expansion and fears of a conflict in the Gulf region diminishing.
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domain - B : Indian business : News Review : 18 November 2002 : banking and finance