The Hindu Business Line : Wednesday, March 26, 2008

Unions take it with a pinch of salt
Chennai, March 25 Mr M. Balachandran, Director of the Institute of Banking Personnel Selection (IBPS), an organisation that assists banks in recruitment, promotion and talent matching, said that there was a surge in the last two to three years ... More

RBI & OTHER CENTRAL BANKS
RBI’s largesse
Under the World Trade Organisation (WTO) commitments, the Reserve Bank of India needs to approve 12 branches of foreign banks (existing and new) every year. The RBI has consistently given a higher number of approvals than required — a ... More

PRIVATE BANKS
Federal Bank to open 26 branches today
Mumbai, March 25 Federal Bank will inaugurate 26 branches across 11 States on Wednesday. This will take its total bank branch network to 602. Mr Thomas Joseph, General Manager, Federal Bank, said that the bank planned to add another 100 ... More

PUBLIC SECTOR BANKS
Syndicate Bank to speed up loans to farmers in Karnataka
Bangalore, March 25 Syndicate Bank has agreed to provide immediate financial assistance to farmers affected by the unseasonal rains in Karnataka.Speaking at the State Level Bankers Committee meeting here today, Syndicate Bank’s ... More

GOVT BONDS
Bond prices fall
More

CREDIT MARKET
Union Bank sees lower credit growth this fiscal
Union Bank of India is likely to see lower credit growth this fiscal at around 20 per cent, against the projected 23-25 per cent, said Mr M.V. Nair, Chairman and Managing Director, Union Bank of India.The overall deposit growth too may ... More

RBI issues revised draft guidelines for recovery agents
Mumbai, March 25 Banks may have to make a provision for recording the calls made by recovery agents to customers and vice versa, according to the second draft guidelines on recovery agents issued by the RBI here on Tuesday.Banks may ... More

SHORT TERM INSTRUMENTS
Call rates changed
More

OVERSEAS INVESTMENTS
SBI gets full bank status in Singapore
RBI allows DBS to open eight more branches in India More

PEOPLE
Khandelwal to head AMC venture
More

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