The Hindu Business Line : Thursday, November 15, 2007

REGIONAL RURAL BANKS
‘Cash support, not bonds, will help loss-making RRBs’
Kolkata, Nov. 14 The All India Regional Rural Bank Employees Association (AIRRBEA) has urged the Finance Ministry to opt for the cash route in preference to the bond route as a means to providing capital support to RRBs (regional rural banks) ... More

PENSION PLANS
Pension reforms most needed in India: Study
New Delhi, Nov 14 Australia faces the least need to reform its pension system followed by Hong Kong and Taiwan, while reforms are most needed in India and China, according to Allianz Pension Reform Pressure Gauge for Asian countries. ... More

FOREX
Rupee firmer by 11 paise
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INSURANCE
‘Market micro insurance via post offices’
Mumbai, Nov 14 Insurers need to look at other distribution channels such as post-offices for marketing micro-insurance, said Mr P Chidambaram, Union Finance Minister. Micro-insurance implies small ticket policies customised for the ... More

SOFTWARE
Flexcube roll-out for Citi completed
i-flex Solutions has completed the roll-out of its flagship banking product Flexcube in 67 countries within Citi’s markets and banking division. Flexcube now supports Citi’s markets and banking operations in the US, Europe, Africa, ... More

HOUSING FINANCE
GIC Housing Fin to add 30 offices this fiscal
Madurai, Nov 14 GIC Housing Finance plans to open 30 more offices during this fiscal, of which two would be in Tamil Nadu , according to Mr M. Sivaraman, Managing Director.The company has offices at present in 24 locations.. With the ... More

GENERAL INSURANCE
Non-life market set to have 6 more players
The non-life insurance market is likely to turn more competitive with the entry of new players over the next six months. Factors such as introduction of new standard market wordings and buoyancy in automobile and health insurance, among ... More

ICICI Lombard bags award
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DEBT MARKET
Tight liquidity conditions likely to ease soon
Bankers bet on downtrend in oil prices, redemption of T-bills More

INTEREST RATES
Why does the American way fail in Japan and India?
Now, some 210 million Americans use about 1.2 billion credit and retail cards, that is, some six cards for every individual. Effect: consumption debt, most of it on credit cards, has risen steeply. The Americans think of their own lifetimes whereas t he Asians think of the next generation and, hence, save for the future, says S. GURUMURTHY More

GOVT BONDS
Bond flat on liquidity pressure
Bond prices were almost flat as liquidity was under pressure and inter-bank call rates hardened during the day. Total traded volumes on the order-matching system were at Rs 3,250 crore (Rs 5,315 crore). Dealers said that bond prices initially ... More

SHORT TERM INSTRUMENTS
Call rates end higher
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CREDIT CARDS & DEBIT CARDS
Your family photo on your Deutsche Bank credit card
DIFFERENT STROKE More

ALLIANCES & JOINT VENTURES
Religare, Corporation Bank tie up
Religare, an integrated financial services provider, on Wednesday announced that it will be tying up with the Corporation Bank to further strengthen its Bancinvest Channel. This tie-up will focus on offering Religare’s Internet trading ... More

RIGHTS ISSUE
SBI has strong case for rights issue, says Chidambaram
Final decision to be taken later in Delhi; bank hopes to raise Rs 10,000 cr by Dec More