MONEY & BANKING
INSIGHT
Fed rate cut: A fait accompli?
Its charter mandates the US Federal Reserve to hold at least eight meetings of its rate setting Federal Open Market Committee (FOMC) every calendar year. Likewise, the Monetary Policy Committee (MPC) of the Bank of England (BoE) is required by ...
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LIFE INSURANCE
Govt may extend personal risk cover scheme to spices sector
Coonoor, Sept. 16 The Centre is contemplating to extend the Personal Accident Insurance Scheme, which is available for the small growers to the spices sector as well. Speaking at the 114th United Planters’ Association of Southern ...
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Kotak Platinum advantage
With a steady pressure on mutual fund expenses, ULIPs, which have traditionally had relatively high charges deducted towards sales expenses and commission, have been moving towards lower initial expenses and exit loads, on early withdrawals ...
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GENERAL INSURANCE
Incenta, Digital Illusion join hands for health insurance venture
Chennai, Sept. 16 Incenta, a US-based developer of cost-effective health insurance programmes for corporates, has signed a letter of intent with the Chennai-based software development firm Digital Illusion to set up a joint venture company, ...
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PUBLIC SECTOR BANKS
Bank of India: Buy
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GOVT BONDS
Bonds soften on foreign investment flows
Daily trade volume down due to absence of insurance cos
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MERGERS & ACQUISITIONS
Ten bidders line up for IFCI’s 26% stake
Chairman resigns from board
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EVENTS
Hindi Fortnight at PNB
The regional office of Punjab National Bank here celebrated a ‘Hindi Fortnight’ from September 1 to 14. The fortnight saw many competitions such as essay writing, a banking technology ‘antakshari’, elocution, poetry ...
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TRENDS
Banks wary of catching ’em young!
‘ASPIRATIONAL, UNRULY’
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