MONEY & BANKING
FARM CREDIT
Allahabad Bank relief package for farmers
ALLAHABAD Bank has proposed to implement relief measures for farmers affected by natural calamities. The move follows the Government's directives on assisting agriculturists who are in arrears and in distress. The bank will take up its action ...
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FOREX
Dull trading in bond, forex markets
MUMBAI: Trading in the domestic forex and debt markets remained lacklustre on Thursday, with most market players watching from sidelines ahead of the inflation announcement on Friday. Bond prices opened weak but recovered ground towards ...
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INFORMATION TECHNOLOGY
RTGS facility at all Federal Bank branches
FEDERAL Bank can now offer instant fund transfer facilities to all its customers by enabling real time gross settlement system, which is now available across all its branches. ``The bank is the first in the country to extend inter-bank ...
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Wipro bags BhOB project
INSURANCE
AMP Sanmar, NIA in cross-selling deal
NBFCS
Srei International goes global — German subsidiary formally launched
SREI International Finance Ltd has gone global with the formal launch of operations of its newly-formed wholly-owned German subsidiary, International Infrastructure Services GmbH (IIS). The company has also announced a CEO for the German ...
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HOUSING FINANCE
HDFC sells stake, exits SBI Home Fin
HDFC has sold its entire stake of over 12 per cent in SBI Home Finance. The sale of these shares was through open market. SBI Home Finance was promoted by SBI along with HDFC in 1988. In a notice to the NSE, SBI Home Finance said HDFC has ...
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LIFE INSURANCE
India ahead of China in New York Life global plans
THOUGH the scales are mostly tipped in favour of China as an investment destination compared to India, New York Life International (NYLI) thinks differently. The global life insurance major is betting in favour of India over China in its ...
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PRIVATE BANKS
Yes Bank picks Gartner as IT advisor
YES Bank today announced the appointment of Gartner India as its advisor to develop a information technology strategy, said a press release. Gartner will work to develop an IT blueprint for the bank considering its business strategy and ...
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GOVT BONDS
State loan sale
TRADE & LABOUR UNIONS
Unions reject IBA offer
AT the wage negotiation talks held today in Mumbai, the Indian Banks Association is understood to have improved its wage offer by about Rs 175 crore from its earlier offer (Rs 920 crore for workmen and Rs 675 crore for officers). The unions ...
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Cross Currency Rates
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