MONEY & BANKING
FARM CREDIT
RBI nudges pvt banks to lend to farmers
Bankers are split on whether funds will touch the poorest, but the experiment is worth the effort if the moribund Nabard extends marketing and technical inputs.
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INSIGHT
Bank M&A: Stability and synergy
There is little empirical literature on the impact of mergers in banking in India, but what there is supports the view that banks significantly improve their profit and operational efficiencies following consolidation, that has happened both for reas ons of financial strength and efficiency. A. Vasudevan surveys the merger scene in the banking sector.
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FOREX
Rupee slips; bonds steady
MUMBAI: The rupee finished at 45.1750/1850 against the dollar after appreciating to an intra-day high of 45.10 during the day. The currency had finished at its five-month high on Tuesday at 45.1650/1750 per dollar. Bullish sentiment on ...
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SOFTWARE
Flexcube on IBM platform
BANGALORE: i-flex Solutions Ltd and IBM announced the availability of Flexcube, the core banking solution from i-flex on J2EE architecture using IBM software. As part of a global partnership agreement, IBM and i-flex will jointly market, ...
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HUMAN RESOURCES
Promotion norms getting tougher
AS banks fill up the mid-level vacancies as well as promote employees on merit, parameters such as seniority and performance are seeing a churn. "Even the concept of performance has changed from the cability to mobilise more deposits and ...
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PRIVATE BANKS
Promoters keen to hike stake in IndusInd Bank
THE promoters of IndusInd Bank have proposed to increase their stake from the present level of 31.3 per cent to about 40 per cent. The exercise will be carried out in a staggered manner once the necessary approvals are obtianed. Mr Bhaskar ...
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Dhanalakshmi Bank expansion plan in AP
FIXED DEPOSITS
SBI likely to hike deposit, lending rates
THE Chairman of State Bank of India, Mr A.K. Purwar, today hinted that the bank is likely to announce an increase in its deposit and lending rates soon. "We are reviewing both (deposit and lending rates)," Mr Purwar said on the sidelines of a ...
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BoB hikes deposit rates by 25 bps
BANK of Baroda has raised interest rates on deposits by 25 basis points across maturities, effective November 16.It has also launched a product offering minimum maturity period of 7 days for retail deposit instead of minimum maturity period of ...
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SBT hikes deposit rates
CORPORATE GOVERNANCE
Banks must improve governance: Reddy
THE Reserve Bank Governor, Dr Y.V. Reddy, today said that adoption of improved corporate governance practices by banks could lead to easing of the regulatory regime to give greater freedom to the board of directors. The Governor also suggested ...
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PEOPLE
New CEO for TMB
CHENNAI: Tamilnad Mercantile Bank Ltd (TMB) gets a new chairman and CEO.According to a press release, Mr S. Radhakrishnan has taken over charge as the Chairman and CEO from November 6. RBI has approved the appointment for a two-year ...
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Cross Currency Rates
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