IMF's Krueger calls for full convertibility
Pune: International Monetary Fund's deputy managing director Anne Krueger, has advocated free capital movement citing the success stories of Singapore, China, Malaysia and Thailand. "India is the leader among the developing countries," she said, adding that the country had more to gain in a free-trade regime. She said trade liberalisation and full capital account convertibility should go hand in hand.
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Bajaj Capital to expand in South
Chennai: Bajaj Capital, an investment advisory company, is strengthening its presence in the South, which it feels is a major growth area.
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Foreign partner ready to up stake in Birla Sun Life
Bangalore: Toronto based Sun Life Financial Inc has indicated that it would raise its equity stake to 49 per cent in its Indian joint venture, Birla Sun Life Insurance Company Ltd.
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Syndicate Bank plans more branches in AP coastal region
Visakapatnam: Syndicate Bank proposes to open 15 more branches in coastal Andhra Pradesh during 2004 as a part of an overall effort to increase the branch network all over the country, according to Mr K.M Shet, the Executive Director.
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Indian Bank to sell UTI MF schemes
Chennai: UTI Mutual Fund and Indian Bank announced a tie-up for distribution of UTI Mutual Fund schemes on Wednesday. The schemes will be offered across 180 branches of the bank, in the first instance.
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