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The
balance of payments myth
Mumbai: The central bank's forex reserves have
grown by a whopping $12.2 billion this financial year
and it is expected to touch $14-billion mark by December
end.
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Indian
Bank set to get Rs 770-crore recap fund
Mumbai: Indian Bank is set to soon get a pat on
the back from the government by way of release of the
second tranche of recapitalisation.
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Rising
NPAs: Bank officers urge govt to act on war-footing
Kochi: Expressing concern over the alarming proportion
of non performing assets (NPAs) in the banking industry,
the All India Bank Officers' Association (AIBOA) has urged
the Union government and the Reserve Bank of India to
take immediate steps to safeguard the interest of bank
depositors and the investing public.
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Madras
HC stays DRT order against Chennai company
Chennai: The Madras High Court has ordered interim
stay of an ex-parte decree passed by the Debts Recovery
Tribunal against a Chennai-based company for recovery
of a sum of Rs 9.97 crore.
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