The Hindu Business Line : Monday, November 06, 2006

INSIGHT
Dr Reddy's thoughts on forex reserve management
The latest RBI Bulletin reprints the Governor, Dr Y. V. Reddy's talk in Singapore, where he endorsed the need to hold large forex reserves, given the fragility of global financial architecture. He also mentions several options to increase returns fro m the reserves, highlighting the Singapore model. S. VENKITARAMANAN agrees this is a good approach. More

GENERAL INSURANCE
Karnataka Bank in talks for non-life insurance venture
Venture to feature Allahabad Bank, Indian Overseas Bank and Sompo Japan. More

`More clarity on health cover needed'
There is still a wide gap between what we know about health insurance and how to go about implementing it," said Ms K. Sujatha Rao, Additional Secretary, Ministry of Health & Family Welfare. "We need to be clear about the kind of More

DEBT MARKET
Bonds stable; traders nervous over move to contain inflation
Banks told to shift focus from bulk deposits More

PUBLIC SECTOR BANKS
BoI to open more branches
Bank of India, Visakhapatnam zone, is planning to open three or four more branches in Visakhapatnam and the two Godavari districts, according to Mr D.V.S.K Murthy, the Zonal Manager. The zone, comprising seven coastal districts ... More

CREDIT CARDS & DEBIT CARDS
BYTE BACK

Safe use of credit card

FIXED DEPOSITS
Corpn Bank hikes NRE, FCNR (B) rates
Corporation Bank has increased the rate of interest offered on NRE term deposits and FCNR (B) deposits with effect from November 1. A bank release said here that the interest rate on NRE term deposits has been revised to 6.34 per ... More

OVERSEAS INVESTMENTS
BoB plans larger overseas footprint
London branch to be commissioned in 2007 More

EVENTS
`No short cut to financial inclusion'
`Financial inclusion' is an issue laden with a legacy baggage dating back to 5,000 years and presents us with complexities that calls for a Herculean effort to get sorted out, said Dr K. C. Chakrabarty, CMD, Indian Bank. Addressing a special ... More

Financing growing GDP a major concern: Chidambaram
The Union Finance Minister, Mr P. Chidamabaram, said on Sunday that one of the major concerns of the Government was financing a galloping GDP. "My concern is how to finance a growing GDP; my concern is financing an economy which will be the ... More

`Banks yet to build suitable technology infrastructure'
While banks have been talking extensively about technology-based approach towards financial inclusion, they are yet to build a suitable technology infrastructure. This seemed to be the observation of the panellists during a session on `Technology ... More