MONEY & BANKING
FOREX
Is sterling strong enough?
It all started with a sharp correction in the dollar weakness across the board; however, the fortnight ended with the market getting back to selling the dollar. There is no doubt that the market is positioned `hugely' short dollar against most of ...
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RBI & OTHER CENTRAL BANKS
RBI mulls relationship managers for banks
THE Reserve Bank of India is considering appointing relationship managers in various banks. These managers would deal with queries that the bank may have and co-ordinate with the regulator to address them. The project would be taken up on a pilot ...
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PRIVATE BANKS
Karnataka Bank sets up performance audit panel
KARNATAKA Bank Ltd has formed an ad-hoc committee for undertaking procedures and performance audit on public services rendered to its customers. The committee comprises the Deputy General Managers, Mr K. Venkataramana Tunga, Mr N. Upendra ...
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GOVT BONDS
Markets awash with divestment float funds
BUOYED by the influx of float funds, bonds went into a tizzy last week, despite the heavy open market operations by the Reserve Bank of India (RBI). The key driver of the bond markets was the large float funds. The ONGC issue alone had brought ...
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CORPORATE BONDS
Bharat Overseas gets A+ rating from CARE
CARE has assigned a `CARE A+' to the proposed Tier II subordinate bond issue of Bharat Overseas Bank Ltd for Rs 40 crore. It has also assigned a `PR1+' rating to the short-term deposit programme for Rs 50 crore. The rating factors in the ...
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INTERVIEW
IDBI Bank to change market mix for faster growth
MR Gajulatalli Venkata Nageshwara Rao took charge of IDBI Bank, just two months ago after two CEOs left in quick succession. Mr Rao appears firm on his focus to scale up operations with no capital constraints expected. The chartered ...
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EVENTS
Protect clients' interests, banks told
MANGALORE: The President of Nitte Education Trust, Mr N. Vinay Hegde, has urged the bank unions to protect the interests of bank customers while protecting their members' interests. He was speaking at the inauguration of all-India ...
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Nabard to celebrate Women's Day
HYDERABAD: The Regional Office of the National Bank for Agriculture and Rural Development (Nabard), which had introduced various schemes for empowerment of rural women, will be celebrating the "International Women's Day" on Monday. Apart ...
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PEOPLE
Passing of a banker-economist
IT was a shock to hear of the sudden passing of Dr T. K. Velayudham, a good friend, a great professional and a true gentleman to his finger-tips. Only on Sunday, February 29, he was invited to deliver the 100th talk of ...
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TRENDS
Now, bank customer info available on CD for a song!
EVER wondered where these telemarketing personnel from banks, hotels, insurance companies get your number from? Well, you'll be surprised to know, it's easily available and inexpensive too. The market rate is a mere 50-75 paise for every ...
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Of liberal ATMs and hidden ID cards
OVER the past week, I have been hearing only bad things about banks and insurance companies. Let me start with Santhanam, an agriculturist from near Karur. He asks me why the interest rate for crop loans is higher than what is applicable for car ...
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Cross Currency Rates
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