PSU banks not to return equity this fiscal
New Delhi: The finance ministry has given up plans of asking public sector banks to return equity in the current fiscal.

The move follows the Reserve Bank of India's opinion that banks may require further recapitalisation
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LIC Housing Q2 profit rises 23 per cent
Mumbai: LIC Housing Finance has reported a 23-per cent increase in net profit for the quarter-ended September 30, 2003.

Net profit for the quarter amounted to Rs 35.98 crore, as against the figure of Rs 29.23 crore in the same period last year.
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Andhra Bank slashes rate to SHGs by 50 basis points
Hyderabad: Andhra Bank has decided to slash interest rates on lending to self-help groups by 50 basis points at 8 per cent from the existing level of 8.5 per cent.
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`Adequate safety' rating for KNNL bond issue
Bangalore: CREDIT rating agency, ICRA, has assigned outstanding LA+(SO) rating to the Rs 1,600-crore proposed bond issue of Karnataka Neeravari Nigam Ltd, indicating adequate safety.
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