MONEY & BANKING
INSIGHT
Pillars of Basel II
FROM time to time, the Bank for International Settlements (BIS), located in Basel, Switzerland, puts together esoteric edicts under exotic titles prepared by a few financial wizards of G-10 cloistered within its ...
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INSURANCE
IRDA suspends Golden Multi Services
THE Insurance Regulatory and Development Authority (IRDA) has suspended the insurance distribution activities of Golden Multi Services Club Ltd (GMSCL) and its associate companies on the grounds of mis-selling of insurance products. In an order ...
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FINANCIAL MARKETS
Dollar fall — How much and how far
FINANCIAL world is going through an interesting period where the current foreign exchange system is close to being tested. Dollar has one again entered a period of overall decline. The US economy is running an unprecedented current account ...
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PRIVATE BANKS
Karnataka Bank's new branch at Thakur village
MANGALORE: Karnataka Bank Ltd opened its 372nd branch at Thakur Village in Kandivli (E) of Mumbai on Friday. This is the 16th branch of the bank in Mumbai. A press release said here on Saturday that Mr V.K. Singh, Chairman of Thakur ...
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PUBLIC SECTOR BANKS
`Corporation Bank to focus on rural credit'
CORPORATION Bank will further strengthen its credit delivery to agricultural sector, Mr V.K. Chopra, Chairman and Managing Director, has said. The bank will explore the possibilities of opening more branches in rural areas to cater to the ...
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Cross Currency Rates
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