MONEY & BANKING
INFORMATION TECHNOLOGY
IDRBT switch to improve ATM connectivity
WIDENING the scope of ATMs and facilitating banks to share and increase their connectivity, the Institute for Development and Research in Banking Technology (IDRBT) is going to deploy a National Financial Switch (NFS) shortly. This will ...
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SBI launches mobile ATM
STATE Bank of India launched its first mobile ATM for increasing the banking convenience of its customers. The mobile ATM service will initially be made available in Goa. SBI plans to introduce five mobile ATM vans this year, said Mr Ashok ...
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DEBT MARKET
Rising inflation, Budget numbers worry market
BONDS remained listless as traders disappointed by the Budget numbers and worried over the accelerating inflation preferred to retreat from the markets. Traders said that the Finance Minister's budgetary numbers for borrowing this year were ...
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RBI & OTHER CENTRAL BANKS
RBI profit may fall in 2004-05
THE Reserve Bank of India's profits may be lower for 2004-05 going by its budgetary estimates that indicate a lower dividend transfer to Central Government. The apex bank has indicated that the dividend payable to the Government from its ...
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PRIVATE BANKS
ICICI, HDFC Bank may seek higher exposure in capital market
PRIVATE banks are set to lead the fresh charge into the stock market by the sector in the wake of the announcement in the Union Budget of allowing higher capital market exposure for select banks. The Finance Ministry officials said that HDFC ...
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CREDIT CARDS & DEBIT CARDS
Vijaya Bank plans more city-specific credit cards in AP
VIJAYA Bank has launched `Hyderabad Card', a city-specific credit card for the residents of Andhra Pradesh, here on Saturday. Announcing the launch, the Vijaya Bank Chairman and Managing Director, Mr M.S. Kapur, said the city-specific credit ...
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FIXED DEPOSITS
Banking on remittances
THE Union Budget has brought little cheer for Kerala. The main grouse is the proposal to impose a tax on interests earned from NRI deposits. Non-resident deposits have long dominated inflows into Kerala banks. The share of non-resident ...
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CO-OPERATIVES
AP farmers' representation sought
HYDERABAD: The Federation of Farmers Association (FFA) has sought inclusion the of a representative of farmers' organisations as a member of the Finance Minister's proposed task force on co-operative banks. It also wanted Mr P. ...
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Cross Currency Rates
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