MONEY & BANKING
REGIONAL RURAL BANKS
Chidambaram to meet RRB chairmen today
Recapitalisation of Regional Rural banks (RRBs) with negative net worth is likely to come in for some elaborate discussion here on Monday, when the Union Finance Minister, Mr P. Chidambaram, meets the Chairmen of RRBs from all over the ...
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INSIGHT
Making Mumbai an international finance centre
The High Powered Committee on Mumbai as International Financial Centre has made interesting recommendations, but it is difficult to say at this point if they are feasible politically and technically. For even as Mumbai has to become an IFC, India has also to be competitive, points out S.VENKITARAMANAN.
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LIFE INSURANCE
Aviva Life plans tie-up with co-op banks
Aviva Life Insurance is planning to join hands with the cooperative banks in India to expand its reach besides augmenting its direct sales force significantly.“Bankassurance has been one of our strongholds in India and we prefer ...
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FINANCIAL POLICY
Amendments to SBI Act — A sorely missed opportunity for pushing reforms
While piloting the SBI (Subsidiary Banks Laws) Amendments Bill 2006 in Parliament, the Finance Minister had declared that the merger of the associate banks with SBI was not being considered as these banks had special regional character and the ...
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DEBT MARKET
Foreign exchange inflows, weak credit offtake trigger rally in bonds
Reverse repo cap pushes more banks into T-bills market
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CO-OPERATIVES
‘AP must change laws on co-ops’
Visakhapatnam, July 15 The laws governing co-operatives in Andhra Pradesh are retrogressive and the State Government and the Centre seem bent on stifling the movement rather than encouraging it, said Mr M. Anjaneyulu, Chairman of the ...
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