MONEY & BANKING
FOREX
SMART MESSAGE
A yen for carry-trades
If you are wondering how the strengthening of the yen vis-à-vis the dollar has anything to do with the the stock market meltdown, read on. Among the many reasons attributed to the slump in the world markets, the yen carry-trade is the ...
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FINANCIAL POLICY
Delay of even a day will attract a month's interest
How can you collect more interest without changing the rate of interest? Budget 2007 has an innovative answer: Charge interest on a per-month basis, rather than charge 12 per cent per annum. Which means 1 per cent per month. But would that make a ...
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PUBLIC SECTOR BANKS
Kodagu achieves 100% financial inclusion
Kodagu district in Karnataka has attained the distinction of having achieved 100 per cent financial inclusion. It is the second district in Karnataka to achieve 100 per cent coverage. A press release by Corporation Bank - the lead bank in ...
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