MONEY & BANKING
DEBT MARKET
Bonds outlook remains bearish, say bankers
BONDS firmed slightly last week as life insurers intervened in the markets dominated by nervous trading. Traders said that what also helped buoy the markets was the cancellation of auctions amounting to Rs 6,000 crore scheduled for next ...
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PUBLIC SECTOR BANKS
SBI keen on more mid-corporate accounts
STATE Bank of India, the country's biggest bank, is trying to bring more mid-corporate units under its fold. The Bank currently caters to 2000 mid-corporate units and is gearing up to double this figure shortly. "This is an area where we know ...
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FOREIGN BANKS
Rotary Club(Madras) to help HSBC spot schools for easy loans scheme
THE Rotary Club of Madras will help Hongkong and Shanghai Banking Corporation (HSBC) identify schools eligible for getting cheap loans under a special programme of the bank. The bank has, in collaboration with Centre for British Teachers ...
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MERGERS & ACQUISITIONS
Bank officers oppose merger of PSBs
THE All Indian Bank Officers Confederation (AIBOC) is opposed to mergers of public sector banks. The General Secretary of AIBOC , Mr Shantha Raju, said that the confederation would not allow the proposed merger of public sector banks and "we ...
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Cross Currency Rates
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