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Redemption pressure of US-64 leads to dilution of key stock holdings

01 may 2008

Once considered the flagship scheme of Indian Mutual Fund industry, the UTI US-64 scheme is finally (much to the relief of Indian government) coming to end with its US-64 bonds maturing on May 31, 2008.

ICICI Bank raises balance requirement to maintain a Savings A/c

15 apr 2008

ICICI BranchIn a move which would affect 15% of its total savings banks account, ICICI Bank has increased the minimum quarterly average balance required for its savings accounts from current Rs.5,000 to Rs.10,000 w.e.f.