MONEY & BANKING
INSIGHT
US growth: Upside surprise in store?
Fed may well be on course to raising rates to 6 pc
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HOUSING FINANCE
SBI teams up with NGOs
State Bank of India is teaming up with NGOs in an innovative scheme to reach housing finance to the rural poor in Kerala. The Agricultural Development Branch of the bank at Palakkad is extending required finance to Shalom Trust, ...
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PUBLIC SECTOR BANKS
Indian Bank's new initiatives picking up
Debt recovery brighter on realty boom
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PNB opens branch in Bangalore
Punjab National Bank has opened its branch at BHEL campus on Mysore Road in Bangalore. The branch was inaugurated by Mr V. Viswanathan, Executive Director, BHEL. The branch will cater to the banking needs of BHEL, its staff ...
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FIXED DEPOSITS
More banks hike FCNR, NRE deposit rates
State Bank of Hyderabad (SBH) has announced an upward revision in interest rates on NRE, FCNR and RFC term deposits effective July 1. In a press release here, the bank said the NRE term deposit rates for one to two years is increased to ...
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REGULATORY BODIES & RULINGS
IRDA panel on investment norms
The Insurance Regulatory and Development Authority (IRDA) has decided to form a working group to examine the existing investment regulations and to review comprehensively the current statutory prescriptions and pattern of investments for ...
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TRADE & LABOUR UNIONS
Bank staff to go on strike on Aug 1
The All India Bank Employees Association (AIBEA) has called for a day's token strike of all banks across the country on August 1 to protest against the proposed outsourcing of banking services by the Government. The RBI has ...
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CO-OPERATIVES
South Canara co-op bank shows the way
100 pc crop loan recovery
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