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Cash-strapped banks make a beeline to redeem US-64 units
It is clear that the banks have been caught on the wrong foot by the RBI measures. They have no cash to comply with the increased CRR requirements. Reeling under the worst-ever liquidity crisis in the current fiscal, banks are making a beeline to redeem units of US-64 to generate funds.
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"UTI eyes Rs 7,500-cr mopup in 6 months"
UTI is said to have mobilised a lot of money in the past six months. It has reportedly collected around Rs 7,500 crore during the last six months, which is twice the amount collected during the period in the previous year.
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JM Debt Fund corpus swells to Rs 150 crore
The corpus of JM Debt Fund from JM Mutual Fund has swollen to Rs 150 crore within a month of float. The scheme was launched in the last week of December 1997. The scheme is an open-ended, no-load, 100 per cent debt scheme. It offers investors the option of a dividend plan and a growth plan.
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Coffee Futures Exchange plans to set up regional centres
In a bid to spread its wings to coffee consuming and trading areas, the Coffee Futures Exchange India is planning to set up regional centres across the country. In this regard, the company has identified at least five places in south and one centre in north.
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