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Saturday, March 26, 2005

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MONEY & BANKING

INSIGHT


Why the Guv isn't walking grimly into the FM's room
THE International Monetary Fund's fortnightly IMF Survey dated March 21 leads with the Fund's Managing Director Rodrigo de Rato's plaudits for China and India. `Strong economy' got the pat for China, which Rato saw as ... More

FOREX


Montek, don't ask for Reddy's money
MONTEK is back in news again, this time not for bringing in foreign experts to help in planning, but because he is asking for something that our Reserve Bank governor doesn't want to give: forex reserves. If you thought people aren't worried ... More

Clearing Corpn to offer cross currency settlement via CLS
CLEARING Corporation of India Ltd has got approval from Reserve Bank of India to facilitate cross currency settlement in 15 foreign currencies, through the Continuous Linked Settlement (CLS) system. The facility is expected to begin within a ... More

LIFE INSURANCE


Kotak Life unveils floating rate fund
KOTAK Life Insurance has introduced a floating rate fund in its existing unit linked plans Kotak Easy Growth Plan and Kotak Safe Investment Plan II. According to a press release, the company has introduced the fund to counter volatility and ... More

CREDIT MARKET


HDFC Bank's micro lending set to double
`The need of the hour is to get more NGOs to set up micro finance institutions. The bank is ready to provide arrangement services and forex advisory services to the MFIs eligible to borrow from abroad.' More

Banks urged to fund projects with hidden social benefits
THE Managing Director of Shantha Biotechnics Ltd, Mr K.I. Varaprasada Reddy, has urged the banks and financial institutions to look into the `hidden societal benefits' of project proposals and accordingly finance innovative ones. Addressing ... More

CREDIT CARDS & DEBIT CARDS


Swipe the card, contribute to a cause
ALL those who think that credit cards merely encourage frivolous expenditure, think again. You can contribute money to a worthy cause while spending money on yourself. Just use a credit card that has a tie-up with a non-profit making ... More

TRADE & LABOUR UNIONS


`GIC staff strike total'
KOCHI: The two-day all-India strike on March 23-24 of the General Insurance employees and officers was total in Kerala, according to Mr P.P. Mohanan, State Convenor of the Joint Action Committee of General Insurance Employees and Officers. ... More

CO-OPERATIVES


Co-ops get Rs 1,700-cr credit under Nabard package
THE National Bank of Agriculture and Rural Development (Nabard) has already disbursed Rs 1,700 crore to co-operative banks under a special liquidity package and is confident of meeting its Rs 2,500 crore target by June this year. "We are on ... More


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In Focus

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In Depth

Gender Justice
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Looking back
Mar. 13-Mar. 19
Forex reserves up $1.9 b on inflows

IDBI allots Rs 100 cr for hotel projects

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Managed services: A new trend in banking

Forex reserves higher than required, says expert

States seek interest waiver on bonds — Bankers in a fix over threat to default on payments

ICICI Bank micro credit disbursements treble

Fringe benefit tax may hit group superannuation schemes

Insurance hits high tide in March

Missing the wood for the trees


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