MONEY & BANKING
PENSION PLANS
CalPERS to invest in select Chinese stocks
Two and half years after it added India to its permissible list of emerging equity markets, CalPERS, the largest US pension fund, has agreed to bring China into its fold. The decision is expected to lead to an even finer division of its total ...
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FOREX
The vice-grip of finance
The stock market in Thailand collapsed after the government introduced limited market-based capital controls aimed at stalling the rapid appreciation of the Thai baht. The collapse forced a retreat on the capital controls front, raising questions abo ut policy sovereignty in developing countries that have opened their financial markets to flows of portfolio capital, argue C. P. Chandrasekhar and Jayati Ghosh.
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PRIVATE BANKS
HDFC opens more branches in AP
HDFC Bank on Sunday opened its 33rd branch in Andhra Pradesh at Kadapa. Dr Y.S. Rajasekhara Reddy, Chief Minister of Andhra Pradesh, inaugurated the branch, which is the 576th branch of HDFC Bank in the country, at Dwarakanagar ...
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CREDIT MARKET
Banks seek more clarity on takeout financing
`Accounting, risk weighting, provisioning norms ticklish'
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