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INSIGHT
Make risk governance sustainable
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FOREX
Rupee ends flat
The rupee ended flat at 39.49 against the dollar on Thursday. The currency opened at 39.46/48 and after remaining largely range-bound during the day, it went down at 39.55/56 on dollar buying by a large corporate. It, however, ended the day at ... More

HOUSING FINANCE
Wizard Home Loans plans expansion
Wizard Home Loans, a joint venture of GE Money and the Australia-based non-banking firm Wizard is planning to expand its operations to six major cities by the middle of 2008.“We want to become the most-preferred home loan provider ... More

LIFE INSURANCE
Pay insurance premiums via mobiles
Mumbai, Dec 6 ICICI Prudential Life Insurance policyholders can now pay their premiums through their mobile phones.The company has entered a partnership with mChek, a Visa certified system to enable its policyholders make their premium ... More

BoI, Dai-ichi, Union Bank join hands
New Delhi, Dec. 6 Bank of India, Dai-ichi Mutual Life Insurance company, Japan and Union Bank of India have come together to set up a joint venture life insurance company. The venture has been named as “Star Union Dai-ichi Life ... More

SMALL SAVINGS
‘Household savings: Banks trail realty, gold in appeal’
Hyderabad, Dec. 6 Despite their expanding reach, banks still need to tap a larger share of household savings in India and compete with lucrative investment options such as real estate in the process, if the findings of a study by McKinsey ... More

PUBLIC SECTOR BANKS
United Bank of India’s new scheme
Mr P.K. Gupta, Chairman and Managing Director, United Bank of India, on Thursday launched a customer-friendly scheme “United Swarna Krishi Yojona” for augmenting direct agricultural lending. The objective of the scheme is to provide ... More

Corporation Bank compassion meet
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FOREIGN BANKS
Citi’s 3 new branches to help rural penetration
Multi-million dollar spend on tech upgradation planned More

EVENTS
‘Financial literacy is key to inclusive, sustainable growth’
Advocating the improvement of financial literacy levels among disadvantaged and low-income groups, experts on Thursday said financial inclusion will play a critical role in promoting sustainable economic development. Policy-makers, ... More

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