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Monday, April 24, 2006
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MONEY & BANKING

DEBT MARKET


Bonds continue to rally on increased liquidity
Traders said liquidity was mostly on account of the large non-debt capital account and current account invisibles, including remittances inflows. High oil prices fail to make any impact More

REGIONAL RURAL BANKS


Deccan Bank plans to double biz in 2 years
Earmarks Rs 3-crore for tech initiatives More

AWARDS & HONOURS


Award for SBH official
State Bank of Hyderabad has announced that its Assistant General Manager (PR & Liaison), Mr D. Virinchi, has been awarded the `Best Public Relations Manager for 2005-06' by the Public Relations Society of India. The ... More

INSIGHT


Strengths and weaknesses of Indian banking
Indian banks have done quite well, especially in terms of efficiency and non-performing loans. But there is still a long way to go before they can catch up with their peers in the US, the UK, Germany or China. S. VENKITARAMANAN hopes the RBI is alive to this, and suggests that it can take cues from its own Deputy Governor, Dr Rakesh Mohan's analysis. More

GENERAL INSURANCE


`Don't refuse third party motor policies'
IRDA warns of action for non-compliance More

IRDA against e-bidding of covers
`Insurance cannot be transacted like sale of a commodity' More

FINANCIAL POLICY


Education loans: `Parents must co-borrow'
IBA panel rejects proposal to impound student's exam certificates, bar-coding of passports More

PUBLIC SECTOR BANKS


Union Bank eyes 28 pc growth
Union Bank of India has set itself a business target of Rs 1,60,000 crore for the current year — 28 per cent more than last year's turnover of Rs 1,25,000 crore, the bank's Chairman and Managing Director, Mr M.V. Nair, said ... More

FIXED DEPOSITS


NRE deposit rates hiked
Andhra Bank has announced an upward revision in rates of interests on NRE term deposits with effect from April 19. The rates were increased for various periods from one year to three years and above to 6.3 per cent from the ... More
Cross Currency Rates
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Looking back
Apr. 16-Apr. 22
Bank credit up 3.7 pc in last fortnight of 2005-06

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An exercise in political economy

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SBI Caps in expansion mode

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