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Birla
Sun Life aims at Rs 10,000-cr assets
Mumbai: Birla Sun Life Asset Management Company
Ltd plans to swell its assets under management to Rs 10,000
crore by this year from Rs 6,250 crore as on December
2002, according to its Managing Director, S.K. Mitra.
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Sabre
submits formal bid to take over Centurion
Mumbai: Sabre Capital Worldwide the fund floated
by former Stanchart CEO Rana Talwar has submitted a formal
offer last week for taking over Centurion Bank.
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Debenture
issues to public - Housing finance cos told to create
redemption reserve
New Delhi: Housing finance companies (HFCs) registered
with the National Housing Bank (NHB) and raising money
from public through debentures would now have to create
reserves for redemption of such debentures.
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UCO
Bank cuts deposit rates
Mumbai: UCO Bank has decided to reduce the interest
rates on time deposits by 25 to 50 basis points except
for the period from 46 to 179 days for which the rate
remains unchanged.
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IDBI
Bank cash pick-up service in Madurai
Mahurai: The IDBI Bank has launched the free cash
pick-up service for its premium account holders, the first
of its kind in the city. The service, rendered without
any charge, collects the cash payments on a daily basis
from the respective centres of of business and deposits
the same in the respective accounts.
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