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May 21, 2013
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| IndiaFirst Life to enter health, micro insurance in FY14 |
| India Infoline News Service/14:57,May 21, 2013 |
| The company has shown significant growth of business on critical parameters, with its new business premium increasing by 34% |
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| Ravi Narain joins IndoStar board as independent director |
| India Infoline News Service/14:37,May 21, 2013 |
| Narain has been with the National Stock Exchange since inception |
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| CRISIL rates corporate India’s first inflation-indexed debentures |
| India Infoline News Service/14:29,May 21, 2013 |
| CRISIL AAA/Stable’ rating assigned to L&T’s inflation-linked capital-indexed debenture issue |
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| BSE collaborates with Frankfurt School of Finance & Management |
| India Infoline News Service/14:18,May 21, 2013 |
| M.Sc. in Finance is a cross-continent program designed to help students earn a Masters degree in finance |
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| RBI, banks to accept advance income tax |
| India Infoline News Service/13:54,May 21, 2013 |
| Most of these banks are also providing facilities for on-line payment of taxes |
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| Forex reserves fall by $616mn to $293bn |
| India Infoline News Service/12:29,May 21, 2013 |
| On year-on-year basis, forex reserves rose by $1.88 billion to $293.7 billion as on May 10, 2013 |
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| Banking news of the day |
| India Infoline News Service/08:50,May 21, 2013 |
| Below is the snapshot of the latest banking news happening around the world |
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May 20, 2013
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| Exim Bank signs Memorandum of Co-operation with UKTI |
| India Infoline News Service/19:18,May 20, 2013 |
| UKTI is an arm of the Government of the UK promoting two-way trade and investment flows from the country. It works with UK-based businesses to ensure their success in international markets, and encourages overseas companies to invest in the UK. |
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| All you wanted to know about mortgage loans |
| India Infoline News Service/19:00,May 20, 2013 |
| A mortgage loan offers the borrower an opportunity to generate additional income from an otherwise idle property |
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| SIDBI promotes Women Entrepreneurship with support from Japan Govt |
| India Infoline News Service/18:53,May 20, 2013 |
| The purpose of the training programmes is to make officials of these institutions understand about the enterprise lending to women as also impart them skills in gender sensitization. |
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| FIIs buy Rs. 7.53 bn, DIIs sell Rs 7.64 bn equity on Mon |
| India Infoline News Service/18:40,May 20, 2013 |
| In January-March this year, foreign investors have infused $10bn into Indian markets, the second highest ever in a quarter. |
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| SBI MF, NISM tie up for MF distributors’ certification |
| India Infoline News Service/15:08,May 20, 2013 |
| This alliance will also allow SBI to reach out to a wider set of prospective mutual fund investors in small cities and towns thereby further expanding the reach |
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| Govt spending growth to decelerate in next 2 yrs: IIFL |
| India Infoline News Service/14:50,May 20, 2013 |
| The government has embarked on the path of fiscal consolidation by cutting plan expenditure and thus its expenditure has grown by a modest 10% in FY12 and FY13 |
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| ICICI, HDFC Bank direct staff not to push insurance products |
| India Infoline News Service/13:33,May 20, 2013 |
| These banks have verbally requested staff in many of their branches not to pursue sale of insurance voluntarily till the dust settles on the cobrapost.com sting operations |
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| RBI reference rate for US $ and Euro on May 20 |
| India Infoline News Service/13:23,May 20, 2013 |
| The corresponding rates for the previous day (May 17, 2013) were `54.8865 and `70.5785 respectively. |
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| RBI orders Amanath Bank to stop operations |
| India Infoline News Service/12:57,May 20, 2013 |
| In April 2013, RBI issued a notice to the bank to restrict withdrawals from each account to Rs. 1,000 in a six-month period |
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| India’s household consumption growth to slow down: IIFL |
| India Infoline News Service/12:38,May 20, 2013 |
| Sustained agri-commodity inflation and unprecedented asset price inflation are some of the factors driving the uptick in household consumption, IIFL said |
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| Credit growth stands at 15% y-o-y in latest fortnight |
| India Infoline News Service/12:15,May 20, 2013 |
| During the fortnight ended 3 May 2013, banks disbursed new credit of Rs. 509.45 billion |
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| Banks show notable stability: RBI |
| India Infoline News Service/10:37,May 20, 2013 |
| Weakening asset quality is an immediate concern for the banking sector as the banks’ credit composition in the recent years has changed towards longer term assets such as infrastructure and housing, Deepak Mohanty, Executive Director, RBI |
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| RBI extends validity period on Shivaji Sahakari Bank |
| India Infoline News Service/10:31,May 20, 2013 |
| The modification by the RBI should not per-se be construed to imply that the central bank is satisfied of substantive improvement in the financial position of the bank |
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