MONEY & BANKING
FOREX
Rupee in tight range; gilts up
MUMBAI: The domestic currency ended weaker by about four paise at 46.3050/3150 per dollar on Tuesday. Volumes in the inter-bank forex market were nearly one-third the normal volumes owing to the bank employees' strike, dealers said. The ...
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GENERAL INSURANCE
TUs seek merger of PSU general insurers
TRADE unions have sought the merger of the four public sector non-life insurance companies into a single entity on the lines of the Life Insurance Corporation of India. The National Confederation of General Insurers Officers Association and the ...
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PRIVATE BANKS
IDBI meet for Kerala agents
KOCHI: The Industrial Development Bank of India (IDBI), Kochi, organised a meet of its agents and investors here on Monday. Mr B. Rajagopal, Deputy General Manager, IDBI, Kochi, appreciated the efforts put in by the agents towards the ...
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UTI offsite ATM at Tiruchi
MADURAI: The UTI Bank opened its seventh offsite ATM in Tiruchi at the BPCL outlet of T.V. Sundaram Iyengar and Sons, Madurai bypass road. With the opening of the new ATM, the bank has installed 1,363 ATMs across the country in 142 ...
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FINANCIAL INSTITUTIONS
APSFC, APIDC not to be closed
THE Andhra Pradesh State Financial Corporation (APSFC) and the Andhra Pradesh Industrial Development Corporation (APIDC) have been removed from the list of State enterprises proposed to be closed, owing to substantially improved performances. A ...
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INTEREST RATES
A missed chance RBI could rue
How much better would things have been had the RBI cut rates in the course of 2003!
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CREDIT CARDS & DEBIT CARDS
StanChart launches global lifestyle credit card
STANDARD Chartered Bank has launched `Manhattan' - a global lifestyle credit card, which breaks away from the `one size fits all' concept, to give users a wide choice. "With Manhattan, we are empowering the customer to decide what he wants. ...
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TRADE & LABOUR UNIONS
Strike cripples banking operations
BANKING operations throughout the country were hit today as public sector bank employees struck work demanding a wage revision. Cheque clearing, forex transactions and trading in government securities were affected. According to an RBI ...
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Protest is total success, claims bank union
BANKING operations were affected as trade unions went on a one-day strike on Tuesday demanding early conclusion of wage revision talks with the Indian Banks Association (IBA). Mr C.H. Venkatachalam, Convenor, United Forum of Bank Unions, said, ...
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Bank strike in Kerala total; unions claim success
THE strike by bank employees and officers called by the United Forum of Bank Unions on Tuesday, demanding implementation of wage reforms was total in the State, according to Mr V.K. Prasad, State Convenor of UFBU. He said in a release that the ...
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Bank strike `total' in AP
THE Andhra Pradesh chapter of the United Forum of Bank Unions (UFBU) has claimed that the one-day strike call given by it in the State was a total success. Employees working in public sector and private banks, grameen banks, regional rural ...
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Banking operations paralysed in Dakshin Kannada
BANKING operations came to a halt in Dakshina Kannada district on Tuesday as employees of public sector banks went on a strike in response to a call by the United Forum of Bank Unions (UFBU). The forum is seeking revision of employees' wages. ...
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CO-OPERATIVES
Will farm loan delivery match the decibel level?
WHEN it comes to funding farmers, the co-operative banking system follows age-old limits termed in official parlance as Realistic Scale of Finance (SOF). A detailed note sent out by the National Bank for Agriculture and Rural Development ...
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Cross Currency Rates
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