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Bank
Economists’ meeting opens in Bangalore today
Bangalore: The 24th session of the Bank Economists’
Conference will begin its deliberations here on Friday
with the theme ‘Indian Banking: Managing Transformation’.
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United
Western to approve new board at AGM on Dec 28
Mumbai: The United Western Bank’s annual general
meeting slated for December 28 will give its nod for the
constitution of a new board of directors.
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PNB
Gilts gets licence for merchant banking
Mumbai: PNB Gilts Ltd (PGL) has received clearance
from the Securities and Exchange Board of India (SEBI)
for carrying out merchant banking activities.
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Citicorp
Fin issue gets `AAA(SO)'
Mumbai: Crisil has assigned `AAA (SO)' rating to
the Rs 72.98 crore Citicorp Finance (India) Ltd securitisation
transaction.
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Highest
safety rating for Exim Bank bonds
New Delhi: ICRA has assigned a LAAA (L Triple A)
rating to the Rs 2,000 crore bond programme (enhanced
from Rs 1,000 crore) of Export Import Bank of India. ICRA
has also reaffirmed the LAAA rating to its outstanding
bond programmes.
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UTI
Bank opens currency chest in Hyderabad
Hyderabad: While commissioning its online payment
mechanism through a tie up with telecom major Bharat Sanchar
Nigam Ltd, UTI Bank has also opened its first currency
chest in Hyderabad.
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G-secs
on stock retail mode
Mumbai: The Reserve Bank of India yesterday reduced
the level of Cash Reserve Ratio (CRR) that banks are required
to maintain on a daily basis from 80 per cent to 70 per
cent.
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Corpn
Bank plans to recover Rs 100 cr from defaulters
Mangalore: Backed by the Securitisation Bill, Corporation
Bank plans to recover close to Rs 100-crore from defaulters
by March-end, the Chairman and Managing Director, Cherian
Varghese, said.
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