MONEY & BANKING
FINANCIAL SERVICES
India Post, Deutsche Post sign MoU
India Post has signed a memorandum of understanding with Deutsche Post World Net to create a multi-layer relationship beneficial to both organisations. “There would be co-operation in the field of conveyance and distribution of mails, ...
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FOREX
Investing part of forex reserves in infrastructure may become reality
Foreign exchange kitty currently stands at $262 billion
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Rupee steady in choppy trade
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NBFCS
RBI cancels registration of 12 cos
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LIFE INSURANCE
Max NY Life in pact with APSCB
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GENERAL INSURANCE
Current tariffs for engg, fire cover to continue
Some insurers yet to submit data to regulator
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2 insurers to offer heli-hop products
Hyderabad, Nov. 5 The helicopter ambulance service, launched by the Apollo-Deccan Aviation duo two months ago, has begun to attract non-life insurance companies.Seeing good potential in this premium service, at least two insurance ...
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PRIVATE BANKS
Kotak Mahindra Bank branch
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PUBLIC SECTOR BANKS
Govt to be supportive of public sector banks
Chidambaram says tech adoption can quicken financial inclusion
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GOVT BONDS
Bond prices down 10 paise
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CRR & BANK RATES
PERSPECTIVE
Sponging out the liquidity
The rise in CRR (cash reserve ratio), the sixth this year, will squeeze some liquidity from the financial system. “Yet, it should not hurt bank lending much, if at all, since banks are quite flush with liquidity,” observes More
SHORT TERM INSTRUMENTS
Call rates tad lower
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CREDIT CARDS & DEBIT CARDS
Banks gear up to keep ATMs fully loaded
DIWALI DEMAND
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FIXED DEPOSITS
Vijaya Bank to shed Rs 2,000 cr of high-cost deposits
Chennai, Nov. 5 Between now and March, Vijaya Bank will shed Rs 2,000 crore of high-cost deposits — deposits got at preferential rates of interests of around 11 per cent, the bank’s Executive Director, Mr T. Valliappan, told More
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