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SBI set to publish pics of defaulters to force them to pay dues
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Country's largest lender State Bank of India will soon start publish photographs and names of wilful defaulters in leading publications as a last resort to get them to pay their dues.
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IDBI Bank launches India's Ist online retail G-Sec Portal
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State-owned IDBI Bank today announced the launch of country's first online retail Government Securities (G-Sec) Portal-- IDBI Samriddhi G-Sec Portal.
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Laxmi Vilas Bank net up by 10.35 pc
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Private sector lender, Lakshmi Vilas Bank said its net profit was up by 10.35 per cent to Rs 28.35 crore for the quarter ended December 31, 2011, as compared to Rs 25.69 crore
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Rupee gains 6 paise to 49.09/dollar
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The rupee rose marginally by 6 paise to trade at a fresh three-month high of Rs 49.09 per dollar at the Interbank Foreign Exchange market in early trade
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SBI launches ‘Bank on Wheel’ in Nagaland
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State Bank of India has launched ‘Bank on Wheel’ project in Nagaland to deliver banking services at the doorstep of rural people even where there is no branch.
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Banks offer new debt recast plan for Air India
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Lenders to National Aviation Co Ltd (Nacil), which operates under the Air India brand, are softening their stance on debt restructuring and have suggested that they could consider subscribing to the public sector company
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PEs cut stakes in HDFC, Kotak Bank
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Two global private equity majors-Carlyle Group and Warburg Pincus-offloaded substantial chunks of their holdings in two of India's leading financial services firms - HDFC and Kotak Mahindra Bank,
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Nagaland takes advantages of banking system- Kumar
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Managing Director and Group Executive, National Banking Group, SBI, Corporate Centre, Mumbai, A Krishna Kumar today said the demand of banking activities was increasing in Nagaland.
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Rupee loses 18 paise against dollar
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The rupee weakened by 18 paise to Rs 49.64 per dollar in early trade on the Interbank Foreign Exchange today amid weak equity markets.
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ICICI Bank Q3 net surges 20%
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ICICI Bank's net profit for the quarter ended December 2011 rose by a better-than-expected 20% to Rs 1,728 crore, up from Rs 1,503 crore in the year-ago period. Quarterly profits touched an all-time high as the bank
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RBI may go for another CRR cut
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The Reserve Bank today indicated that it could go in for another cut in the Cash Reserve Ratio (CRR) to unlock banking funds in view of persistent pressure on the liquidity situation.
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Rupee gains 20 paise to 49.59 against dollar
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The rupee strengthened by 20 paise to Rs 49.59 a dollar in early trade on the Interbank Foreign Exchange market today on increased foreign capital inflows.
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Banks borrow Rs 50 billion via RBI's marginal standing facility
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Indian banks borrowed 50 billion rupees ($1.00 billion) from the Reserve Bank of India's marginal standing facility (MSF) on Jan. 30, the central bank said on Tuesday.
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Govt will infuse Rs 7,900 crore into SBI
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In a move that will help country's largest lender State Bank of India to improve its creditworthiness and lend more, the government has agreed to infuse Rs 7,900 crore into the bank through a preferential issue.
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RBI cuts CRR, home loans to get cheaper
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Home loans and other loans to individuals and businesses are set to become cheaper with Reserve Bank of India releasing Rs 32,000 crore to banks through a half percentage point cut in the cash reserve ratio
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Rupee gains 5 paise to 50.04 vs dollar
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in early trade on the Interbank Foreign Exchange today on increased foreign capital inflows and euro’s gains against the American currency overseas.
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'Liquidity easing will improve banks ability to lend'
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Reacting to the 50 basis point cut in CRR, Dr Manoranjan Sharma, Chief Economist, Canara Bank
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YES Bank Q3 net surges 33% at Rs 254 cr
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YES Bank on Tuesday reported a 32.94 per cent jump in net profit to Rs 254.09 crore for the third quarter ended December 31, 2011.
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India's central bank infuses more money in system
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After nearly two years of tight check on money supply to tame inflation, India's central bank took steps Wednesday to infuse more liquidity in the system by reducing a key rate in a bid to help industry
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Rupee hits 10-week high of 49.95 vs dollar
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The rupee touched a 10-week high of 49.95 against the dollar on the Interbank Foreign Exchange market in early trade today on continued foreign fund inflows.
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RBI cuts CRR by 50 bps, interest rates unchanged
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The Reserve Bank of India (RBI) left interest rates on hold on Tuesday but cut the cash reserve ratio for banks by 50 basis points
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CPT banking on loan to pay wages
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The sanction obtained by the Cochin Port Trust (CPT) to avail loan up to Rs 150 crore from SBI may at best prove to be a temporary relief to the port which is besieged by a host of challenges with implications on its financial health.
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Interest, fee income lift Axis Bank net 24% in Q3
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Axis Bank’s net profit increased by 24 per cent to Rs 1,102 crore for the third quarter ended December 31, 2011 from Rs 891 crore in the corresponding year-ago quarter
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HDFC Bank Q3 net grows 31%
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HDFC Bank, which briefly displaced State Bank of India as the most valuable lender, has grown its third-quarter net profit 31.4% to Rs 1,430 crore. The growth was driven by a surge in high margin retail loans which grew 30% i
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Rupee hits new 2-month high of 50.20 vs dollar
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The rupee today rose marginally by 5 paise to trade at a fresh over two-month high of Rs 50.20 per US dollar in early trade on the Interbank Foreign Exchange.
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