RBI to continue soft rates regime: Jalan
Reserve Bank of India Governor Dr Bimal Jalan reiterated that the soft monetary policy would continue. Interest rates will remain soft in the light of benign inflation and high liquidity.
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Mitsui to pick up 26% stake in CGICL for Rs 37 crore
IJapanese insurance major Mitsui Sumitomo Insurance Company Ltd is all set to pick up 26 per cent stake in Cholamandalam General Insurance Company Ltd for a consideration of Rs 37 crore.
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StanChart open to partnership with PSB
Standard Chartered Bank was open to a partnership arrangement with a public sector bank as and when the environment became conducive.
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Reserve Bank sets 2015 cut-off at Rs 111.58
The Reserve Bank of India set a cut-off price of Rs 111.58 (YTM: 6.05 per cent) at Monday’s auction of the 7.38 per cent 2015 for a notified amount of Rs 5,000 crore.
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