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Fed
move revives hopes of RBI rate cut |
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Hopes of a Bank Rate cut by
the Reserve Bank of India were again revived after the US Federal
Reserves cut its interest rate by 50 basis points to 2.50 per
cent, late on Tuesday. |
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Reddy
hints at RBI giving up supervisory role |
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The Reserve Bank of India deputy
governor Dr YV Reddy on Wednesday hinted at the possibility
of giving up its supervisory role over financial intermediaries. |
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Asia
takes to rate cut trail, some fear fund flight |
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Most central banks in the Asia-Pacific
region look set to follow the Federal Reserve’s lead and cut
interest rates, but some have less room for manoeuvre given
fears that investors might respond by shifting funds abroad.
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Canara
Bank launches new loan schemes |
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Canara Bank has introduced
two new schemes — ‘CanRent’, to provide finance against rental
receivables, and CanMortgage, to provide finance against mortgage
of property, its CMD RV Shastri said on Wednesday. |
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