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Thursday, March 12, 2009
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MONEY & BANKING

AUDITING: CA institute wants RBI to appoint bank auditors
New Delhi, March 11 The Institute of Chartered Accountants of India (ICAI) has once again made a case for appointment of auditors for public sector banks to be centralised with the Reserve Bank of India ...

TECHNICAL ANALYSIS: Rupee to decline below 52
Volatility in stock markets and continued outflow of foreign institutional investor funds made the rupee hover around the 52-mark against the greenback over the past week. Selling of dollars by exporters and select banks prevented a slide ...

INSURANCE: ‘Insurance cos not taking Ombudsman seriously’
Delay in responses, execution of awards cause for concern. Hyderabad, March 11 Insurance companies it seems are yet to take the institution of Ombudsman seriously in dispute resolution with the customers as well as execution of ...

DIVIDEND ANNOUNCEMENT: Bank of India to pay Rs 3 interim
Bank of India has declared an interim dividend of Rs 3 a share for the financial year 2008-09. The dividend payment will start from March 23, the bank said in a press release. — ...

PUBLIC SECTOR BANKS: Vijaya Bank to miss business target
Focus on more low-cost deposits, fee-based income. Chennai, March 11 At the beginning of the current financial year, Vijaya Bank had hoped its total business would touch the Rs 1 lakh- crore mark, but it is certain that the bank will miss the ...

FIXED DEPOSITS: Non-resident deposits picking up in Kerala
Non-resident deposits in Kerala, which recorded a downtrend in the last financial year, picked up again during the first six months of the current year, it was revealed at the 97th meeting of the State Level Bankers’ Committee (SLBC) ...

HUMAN RESOURCES: IDBI Bank to hire 2,000 officers to support expansion
Hyderabad, March 11 IDBI Bank Ltd will be recruiting 2,000 personnel in the supervisory cadre over the next six months to support its ...

TECHNOLOGY: IDRBT to get additional switch for e-deals
Mumbai, March 11 Hyderabad-based Institute for Development and Research in Banking Technology (IDRBT) plans to procure an additional National Financial Switch (NFS) to route all types of electronic transactions such as ATM, POS, mobile ...





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Markets (March 10)
Nifty (as at Mar 9)2,573.15(-47.00)
US Dollar (Buy/Sell)51.87/89
Brent crude (a bbl) Rs2,235
Gold (a gram) Rs1,421
Silver (a kg) Rs23,795

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