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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