MONEY & BANKING
INSIGHT
China follows Singapore model
The repercussions of China's putting a part of its reserves into global stock markets can be quite significant. While the move may set off a bullish trend in markets around the world, the shift of large sums from the US bond market will lead to highe r interest rates and a weaker dollar. The net effect of the transactions has thus to be watched before India decides to follow suit, cautions S. VENKITARAMANAN.
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SOFTWARE
South Indian implements CBS
The private-sector South Indian Bank implemented the core banking solution (CBS) in all 475 branches in the country. The bank has used the banking software of Infosys — Finacle — as its CBS. Its other CBS partners ...
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GENERAL INSURANCE
Micro Insurance Agency entering Indian market
Seeing a good potential in the rural insurance market, Micro Insurance Agency (MIA), the US-based insurance broking company, has decided to enter the Indian market. The company is engaged in talks with some insurance companies and micro finance ...
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DEBT MARKET
Trading in g-secs listless as fiscal year-end draws near
Insurers active in bank bonds market
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HUMAN RESOURCES
Indian insurance executives go global
Take up top positions in other emerging markets
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CREDIT MARKET
Credit needs of poor pegged at Rs 3.6 lakh crore
Micro-credit market yet to tap potential
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Ernakulam achieves 100% banking habit status
Becomes the second district in Kerala to attain the distinction
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