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MONEY & BANKING
FINANCIAL MARKETS:
Recruiters headed for slow-growth phase
‘Fall-out of sluggish IT, banking sectors’. New Delhi/Chennai, Nov. 23 After years of cranking-out some heady growth numbers, the recruitment industry is facing slowdown headwinds. Though opinions on growth rates for this industry - ...
FINANCIAL MARKETS:
The silence of the lambs
RBI IN MUTE MODE. New Delhi, Nov. 23 Financial sector experts are wondering if there been a change in the Reserve Bank’s communications policy. This is because its top officials – the Governor and the Deputy Governors – are now ...
DEBT MARKET:
Bonds rally on receding inflation, rise in bank deposits
Traders see further reduction in rates. Bonds rallied last week, propelled by receding inflation and investor flight to public sector ...
PRIVATE BANKS:
TMB launches e-banking service
Tuticorin-based Tamilnad Mercantile Bank (TMB) has launched its Internet banking service through ‘TMB E-connect’. According to Mr G. Narayana Moorthy, Managing Director and CEO of the bank, the facility provides services 24x7. ...
ALLIANCES & JOINT VENTURES:
SBH, Sundaram BNP ink pact
State Bank of Hyderabad has signed an agreement with Sundaram BNP Paribas Asset Management Company to sell the latter’s mutual fund products. “Our customers can visit our branches to subscribe to Sundaram BNP Paribas ...
FINANCIAL INSTITUTIONS:
Microfinance institutions benefit from slowdown
PE players, banks keen on investing, lending. Hyderabad, Nov. 23 While most corporates are reeling under the adverse impact of the global economic slowdown and domestic liquidity crunch, microfinance institutions (MFIs) seem to have a different ...
PUBLIC SECTOR BANKS:
Corporation Bank looking to increase presence
Mangalore, Nov. 23 Making Corporation Bank a pan-India bank by increasing its presence in the States where there is poor representation and taking the financial inclusion programme to the urban poor are on the agenda of Mr J.M. Garg, Chairman ...
INFORMATION TECHNOLOGY:
Smartcard solutions provider FINO on growth path
Coimbatore, Nov. 23 Mumbai-based, biometric-enabled smartcard solutions provider FINO (Financial Information Network and Operations Ltd) is on a rapid ...
PUBLIC SECTOR BANKS:
SBI is official banker, IOC partner for Volvo Race
Kochi, Nov. 23 As Kochi Port is all set to receive the world’s fastest racing yachts, State Bank of India and Indian Oil Corporation have joined the Volvo Ocean Race India stopover team as official banker and ...
E-COMMERCE & E-BUSINESS:
Reliance Money launches e-commerce Web portal
Mumbai, Nov. 23 Reliance Money, part of the Reliance Anil Dhirubhai Ambani Group, has launched a new e-commerce Web portal for a range of financial ...
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