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Monday, November 01, 2004

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FINANCIAL SERVICES
US Presidential elections — Stakes high for financial markets
AS you would be reading this article, we would be reaching the showdown time in the US Presidential elections. It is difficult to call the results this time also as the race is neck to neck. The results of the elections are of paramount ... More

INFORMATION TECHNOLOGY
Banks urged to upgrade IT security
CALLING upon the banking industry to strengthen security systems, the Chairman of Institute for Development and Research in Banking Technology (IDRBT), Mr Vepa Kamesam, has cautioned the industry against `inappropriate' technology purchases that ... More

LIFE INSURANCE
`Life Maker' plan — Max NY Life to invest up to 75 pc of first year premium
DO you know that Max New York Life (MNYL) will invest not more than 75 per cent of the first-year premium paid by a person who has purchased its recent unit-linked plan? The plan, named Life Maker, will allocate the full premium only from the ... More

GENERAL INSURANCE
Kerala small industries' body moots risk insurance
THE Kerala State Small Industries Association has suggested implementation of risk insurance scheme (RIS) to protect entrepreneurs and lenders, including banks, from genuine loss. The nature of loss, whether genuine or created, is easily ... More

DEBT MARKET
Banks may offload more securities
Most banks are in the process of bringing down their overall investment portfolios close to the prescribed statutory liquidity ratio of 25 per cent. More

MERGERS & ACQUISITIONS
Time not ripe for mergers in banking industry: Experts
"TIME is not ripe for merger and acquisition (M&A) in the banking industry in the way the Government wants them to happen" was the opinion of experts at a panel discussion on "Should banks be merged?" The panel discussion was organised by the ... More

`Bank mergers could lead to job losses'
EXPERTS at a panel discussion on "Should banks be merged?" have expressed fears that merger and acquisition in banking industry may lead to serious job losses. The Corporation Bank Officers' Organisation organised the discussion at Udupi on ... More

EVENTS
CII to hold `India Finance Forum' in Chennai
THE Confederation of Indian Industry (CII) will hold a conference on `Emerging Global Trends in Corporate Finance' on Thursday and Friday. The event is being branded as `The India Finance Forum (TIFF) 2004,' which CII hopes will become an annual ... More

CO-OPERATIVES
Urban co-op banks seek a fair deal
THE UPA Government is no different from the previous NDA Government in neglecting the co-operative sector, said Mr M. Anjaneyulu, President of the Andhra Pradesh Urban and Town Co-operative Banks' Association. The urban co-operative banks in ... More


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Oct. 24-Oct. 30
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