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IOB allows
VRS optees to encash bonds |
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In
what is becoming a trend of sorts, the management of the Chennai-based
Indian Overseas Bank has decided to allow its voluntary retirement
scheme optees to encash the five-year bonds alloted to them
under the scheme. |
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CMIE
pegs GDP growth for the fiscal lower at 5.7 per cent |
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The Centre for Monitoring Indian
Economy has revised its estimate of country’s economic growth
to 5.7 per cent this fiscal as against the earlier projection
of six per cent. |
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RBI
resorted to OMO to check liquidity-driven rally: I-Sec |
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The latest open market operations
was a move to check another liquidity-driven rally in the long-end
bonds, as further easing from the yield-levels prevailing prior
to the OMO announcement would have been completely out-of-sync
with the short-term rates, according to ICICI Securities mark-to-market
for the week ending December 15. |
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AL&FS
taps RBI to extend benefit to loan transactions |
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The Association of Leasing
& Financial Services Companies has requested the RBI for
treating loans against hypothecation of assets along with equipment
leasing and hire purchase assets for the purpose of satisfying
the norm of 60 per cent of the total assets and the total income
to get the status of equipment leasing or hire purchase company.
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