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Institutional support, higher yields to give liquid funds an edge despite deregulated savings bank rate

MUMBAI: The recently deregulated savings bank rateis likely to challenge dominance of liquid funds, but higher yields and larger institutional investor participation will give these funds a competitive edge, said money…

November 7, 2011 / No Comment / Read More

SBI says bank officers’ union defer strike

MUMBAI: State-run State Bank of India said on Monday a bank officers’ body has deferred a two-day nationwide strike it had earlier called for, restoring normal operations at the bank. The country’s largest lender…

November 7, 2011 / No Comment / Read More

Government to help SBI raise Rs 8000 crore to meet 8% core capital requirement

MUMBAI: The government is expected to facilitate the country’s largest lender, the State Bank of India, to raise Rs 8,000 crore by March’12 to meet 8% core capital requirement, said a…

November 7, 2011 / No Comment / Read More

LIC Housing sanctions more than Rs 100 cr in 3 days

LIC Housing Finance sanctioned over Rs 100 crore toward home loans during a three-day property exhibition that concluded in the city today, a senior company official said. The company organised…

November 7, 2011 / No Comment / Read More

Make public details of loan settlements, CIC tells banks

The details of loan and other settlements entered by banks through a compromise with defaulting parties should be disclosed as it will help in their “transparent functioning”, Central Information Commission…

November 7, 2011 / No Comment / Read More

SBI gives in to some demands, strike called off

The officers’ union of State Bank of India (SBI) has called off a two-day nation-wide strike that was to begin on November 8 after the management conceded to some of…

November 7, 2011 / No Comment / Read More
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