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    • M&M rejigs auto & farm equipment biz

      M&M rejigs auto & farm equipment biz

      M&M is planning to divide its AFS product development division into two verticals -- auto and tractor.

    • AFS portfolio comfortable; won't up base rate now: UCO Bank

      AFS portfolio comfortable; won't up base rate now: UCO Bank

      In an interview to CNBC-TV18, SS Mundra, Chairman, Bank of Baroda and Arun Kaul, Chairman, UCO Bank spoke about impact of RBI relief on MTM losses.

    • Banks on fire, SBI up 5%; bond yields dip 6% on RBI norms

      Banks on fire, SBI up 5%; bond yields dip 6% on RBI norms

      BSE Bankex rallied more than 5 percent to 11041.46, continuing previous day's upmove as country's largest lender State Bank of India gained over 5 percent. Private sector lenders ICICI Bank, HDFC Bank and Axis Bank were up 3-6.5 percent.

    • Target gross NPA below 3% & net NPA below 1%: IDBI Bank

      Target gross NPA below 3% & net NPA below 1%: IDBI Bank

      IDBI Bank's fourth quarter net profit fell by 28 percent year-on-year to Rs 554.5 crore, as announced on April 25.

    • RBI relaxes norms for short-selling govt debt

      RBI relaxes norms for short-selling govt debt

      The Reserve Bank of India has allowed lenders to hold long and short positions in government bonds in their trading portfolios, and said they can short sell the securities only if they cover their positions through purchases in the market.

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