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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. [...More]
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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[...More]
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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.[...More]
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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. [...More]
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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.[...More]
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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.[...More]
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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[...More]
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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. [...More]
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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[...More]
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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.[...More]
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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[...More]
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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. [...More]
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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[...More]
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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.[...More]
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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[...More]
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