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Dubai allows Hindujas to offer full range of banking services

The Dubai Financial Services Authority has upgraded the Hinduja Bank's licence, a move that will allow it to provide a whole range of financial services to clients in Europe, Middle

Rupee gains 15 paise against dollar

The Indian rupee appreciated by 15 paise to 45. 43 a dollar in the early trade today amid increased capital inflows by foreign funds into equities

BoI, Central Bank raise deposit rates

Public sector banks Bank of India (BoI) and Central Bank of India have raised interest rates paid on deposits suggesting liquidity tightening is on the horizon, but bankers say excess

Five days too short to allot NFO units: MFs

The mutual funds industry says the new regulation from the Securities and Exchange Board of India (Sebi) asking them to allot units of new funds within five working days from

PFC to sanction loans worth Rs 68,000 cr in FY 10-11

State-owned Power Finance Corp today said it would sanction loans to the tune of Rs 68,000 crore in the next financial year.

Religare eyes Japan, plans distribution and sales arm

Religare Enterprises on Tuesday announced that it is going to set up a sales and distribution outfit in Japan to sell its financial products. The company has hired a

We are focusing on gold loans, mutual fund foray within FY11

Mahindra & Mahindra Financial Services, a non-banking financial company focused on the semi-urban and rural markets, has over Rs 10,000 core of assets under management, and 440 branches spread across

RBS mulls 10b pound debt buyback prog: Report

Royal Bank of Scotland is planning to restructure its balance sheet through a programme which may involve buying back of around 10 billion pound of the British bank's debt, a

Pvt sector insurance firms have more death claims than LIC: FM

Private sector insurance firms have more than three times the outstanding number of death claims on individual insurance policies compared to state-owned LIC, Finance Minister Pranab Mukherjee told the Rajya Sabha today.

No plan for SBI to take over state banks

There is no proposal for government-run State Bank of India to take over any other state bank, minister of state for finance said on Tuesday. "

  • RBI to issue new Rs 10 notes

    The central bank will soon issue Rs 10 notes with signature of RBI Governor D Subbarao.

  • LIC Housing Fin may cut PLR

    LIC Housing Finance may cut its prime lending rate if the company's cost of funds improve.

  • ICICI Pru declares dividend

    ICICI Prudential Annual Interval Plan has declared dividend to the extent of 100%.

  • HDFC Bank in Bahrain

    HDFC Bank has opened its first overseas branch in Bahrain. The branch will offer cash management solutions to NRIs.

  • Gold tumbles by Rs 370

    Gold prices tumbled by Rs 370 per 10 gm to Rs 12,155 on the bullion market on persistent offerings by stockists.

  • LIC-CorpBank credit card

    Life Insurance Corporation of India has tied up with Corporation Bank to launch credit cards.

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