REGIONAL RURAL BANKS

FOREX
Sterling continues to enjoy sunny days
Bank of England has already started the cycle of tightening interest rates and the next hike may not be far away. Federal Reserve and European Central Bank are still considerable period away from any hike. This gives UK a clear yield advantage; some part of the sterling strength is due to carry trades in search of better yields. More

SOFTWARE
Quintant bags big order from GreenPoint
GreenPoint Mortgage, a subsidiary of GreenPoint Financial, is an existing client of Progeon, the BPO arm of Infosys Technologies. Progeon sources have ruled out a possible shift of GreenPoint account to Quintant. More

MANPOWER
SBI readies exit option for `frustrated' staff
BARELY a few years after the industry-wide voluntary retirement scheme (VRS) in public sector banks, it could be time now for some pinpointed surgical operations to reduce manpower. In what could have wider repercussions in the industry, the ... More

PRIVATE BANKS
Karnataka Bank initiative in implementing Finacle hailed
THE Senior Vice-President and Head of Banking Business Unit of Infosys Technologies Ltd, Mr Girish G. Vaidya, has appreciated the management of Karnataka Bank Ltd for its initiative in implementing core banking solution (CBS), Finacle, way back ... More

GOVT BONDS
Bond markets see poor trading interest
BOND markets remained weak throughout the major part of last week as the Reserve Bank of India (RBI) continued its aggressive liquidity mopping-up operations. But traders said that there were also major concerns which dogged the ... More

CREDIT CARDS & DEBIT CARDS
Banking on `point of sale' terminals
THE business of deploying point of sale (POS) terminals - machines placed in retail stores and restaurants to enable credit/debit card payments, is becoming fiercely competitive among banks. With undercutting being the name of the game, the ... More