Rupee sheds 14 paise; forward premia flat
Mumbai: The rupee lost another 14 paise on Thursday closing weaker at 45.77/78 against the dollar in a volatile forex market, compared to Wednesday's close at 45.64. The domestic currency has fallen by 40 paise since last Thursday at 45.38.
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IBA group to study PLR issues
Mumbai: The Indian Banks' Association on Thursday decided to form a group to study the draft guidelines and related issues of the benchmark prime lending rate.
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Birla Sun Life clocks 3-fold rise in premium
Mumbai: Birla Sun Life Insurance has clocked a three-fold increase in new business premium in the first half of this financial year.
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Insurance scheme for handloom weavers planned
Mumbai: The Government would soon announce a new insurance scheme for handloom weavers, to be managed by Life Insurance Corporation of India, which would not add any burden to the exchequer.
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RBI advisory panel on financial regulation
Mumbai: The Reserve Bank of India today appointed a standing advisory committee on financial regulation to strengthen the consultative process among banks, market participants and regulators.
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Syndicate Bank to aid SHGs
Hyderabad: Syndicate Bank has taken up the task of supporting self-help groups in Andhra Pradesh.
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Karnataka Bank trims term deposit rates
Mumbai: Karnataka Bank Ltd has reduced interest rates for domestic term deposits from November 20. However, the interest rates for term deposits from seven days to 90 days remain unchanged.
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