FOREX
Rupee unchanged; bonds move up
MUMBAI: The domestic currency ended at 45.2550/26 against the dollar on Friday, almost unchanged from Thursday's closing levels at 45.26. Dealers said that after opening at 45.2550, the rupee slipped to 45.27 due to some corporate demand ... More

INFORMATION TECHNOLOGY
RTGS trial run with 4 banks
THE much-awaited real time gross settlement system (RTGS) is currently undergoing a trial run with the participation of four banks, one from each sector. The `critical and complex' RTGS system is being implemented in two phases in India, said ... More

SOFTWARE
enStage e-payment solution for banks
ENSTAGE, a US-based company, announced its plans to set up a BPO unit in the country. It also launched Accosa, an e-payment solution for banks, with HDFC Bank as its first customer. The BPO unit is targeted at Indian banks and institutions ... More

LIFE INSURANCE
Cabinet clears insurance plan for Anganwadi staff
IN a bid to provide risk coverage for workers in the unorganised sector, the Cabinet on Friday cleared a subsidised insurance scheme for the 12.18 lakh Anganwadi workers and helpers. Under the insurance scheme, each worker would be covered ... More

GENERAL INSURANCE
National Insurance, e-Seva in pact for retailing `covers'
NATIONAL Insurance Company Ltd (NIC), the public sector non-life insurance major, has entered into a strategic alliance with e-Seva, the online electronic delivery of Government and private services, to provide general insurance products. ... More

PRIVATE BANKS

PUBLIC SECTOR BANKS
New Holland Tractors, Oriental Bank evolve new finance schemes
NEW Holland Tractors (India) has tied up with the Oriental Bank Of Commerce (OBC) to offer attractive finance schemes for New Holland tractor customers. Under the scheme, named OBC-NHI Agri Machinery Loan Scheme, farmers can avail themselves of ... More

Andhra Bank plans forex workshop
HYDERABAD: In the global context of deregulation in financial markets adding a new focus to international banking and foreign exchange markets, Andhra Bank is organising a week-long workshop on various aspects of foreign exchange business ... More

FINANCIAL INSTITUTIONS
`IFCI merger with PNB may miss deadline'
THE merger of IFCI with Punjab National Bank (PNB) is heading for time overrun. With several legal intricacies waiting to be sorted out right from the initiation till the completion of the process, the Ministry of Finance now feels that the April ... More

INVESTOR GRIEVANCES
`Complaints about private, foreign banks on the rise'
COMPLAINTS and grievances of customers of private sector banks and foreign banks are on the rise. Nearly half the complaints received during this fiscal by the Banking Ombudsman's office in Tamil Nadu pertain to this sector. Complaints from ... More

TRADE & LABOUR UNIONS
AIABOF meet tomorrow
HYDERABAD: The All-India Andhra Bank Officers' Federation (AIABOF) is organising its seventh national conference here on Sunday. In a press release here on Friday, AIABOF said about 2,000 officers from all over the country would ... More