MONEY & BANKING
CONSUMER FINANCE
Bank loan to buy Ezeebee
NEW DELHI: With affordability being a key influencer in PC purchases, HCL Infosystems and Union Bank of India have entered into a partnership to fit a computer into the monthly family budget through a low EMI. "A HCL Ezeebee PC will now ...
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GENERAL INSURANCE
Cholamandalam MS to be cautious on motor portfolio
CHOLAMANDALAM MS General Insurance has decided to limit its exposure to motor vehicles at a level that is below the industry average as a measure of prudence. The company's Chief Executive, Mr Arun Agarwal, said the aim was to eventually cap ...
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DEBT MARKET
Bond market awaits Credit Policy for direction
BOND remained listless last week ahead of the peak season Credit Policy announcement and spiralling oil prices in the global market. Most banks and institutions resorted to some profit booking, anticipating the key rates of the RBI to ...
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PRIVATE BANKS
Yes Bank plans risk tools for SMEs
YES Bank Ltd plans to come out with a set of treasury and forex risk management products specially suited for small and medium corporates. The bank sees tremendous scope in this area as most SMEs in the country are not fully aware of the ...
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PUBLIC SECTOR BANKS
Corpn Bank drive for more SB a/cs
MANGALORE: Corporation Bank has launched a campaign to mobilise new savings bank accounts. For each account opened between October 25 and December 31, the bank would donate Rs 5 to HelpAge India. ...
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Vijaya Bank Kukatpally branch
HYDERABAD: Vijaya Bank opened its 883rd branch at Kukatpally in the city here on Saturday. Addressing a gathering after the inaugural, Mr H. Vittal Das Shetty, AGM of the bank, said the branch would have multi-city banking and ATM ...
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INTEREST RATES
Mid-term policy review — To hike or not to hike
In a nutshell, the probability of a hike in interest rates by the central bank in the next three months is close to 1.
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TRADE & LABOUR UNIONS
SBIEA protests transfers
THIRUVANANTHAPURAM: The State Bank of India Employees Association (SBIEA) has decided to protest and seek legal remedies against the discriminatory transfers implemented by the management of the State Bank of India Circle. The ...
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Insurance officers' plea
KOCHI: General Insurance Officers All India Association (GIOAIA) has urged the management to withdraw its decision to close down the branches as part of a restructuring programme. The decision of the management of the New India Assurance ...
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TRENDS
Senior citizens scheme may dent banks' term deposits
THE move to route senior citizens deposit schemes, currently operational through post offices, through banks could well mark the cannibalisation of the banks' term deposit portfolio, according to senior bankers. "The new scheme, once it is ...
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Cross Currency Rates
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