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GENERAL INSURANCE: Bajaj Allianz, Volkswagen Fin pact
...

INSIGHT: Any Teller Machine
Today is a red letter day for Indian banking. Bank customers will now have the freedom to use their ATM/debit cards to draw money or check their balances through any ATM in the country, free of ...

FINANCIAL MARKETS: G-20 should talk reform
The initial signs are that tomorrow’s meeting in London of the leaders of the G-20 countries is heading towards failure, in the sense that nothing substantive will be done for the long-term overhaul of the world’s financial set-up ...

INTEREST RATES: More banks cut rates
Mumbai, March 31 Central Bank of India has decided to reduce its Benchmark Prime Lending Rate (BPLR) by 50 basis points to 12 per cent. Canara Bank and Vijaya Bank will also reduce their respective BPLR by 50 basis points. The reduced rates ...

EVENTS: G-20 meet: Tighter regulation in store
Adam Smith certainly didn’t visualise the turn that free markets have taken. His was simple and straightforward economics — each man working for his self interest would magically deliver maximum wealth creation and full employment ...

EVENTS: `Capital should serve as buffer to absorb losses over business cycle'
Review of the adequacy of the international standard for the minimum level of capital for banks and enhancement in the quality and consistency of capital once the global financial system recovers are among the 25 recommendations that the G20 ...

FOREX: Rupee to remain volatile
Risk-aversion returned to financial markets on growing concerns regarding the fate of the US automakers and poor performance of banks in March. Dollar appreciated sharply against major currencies last Friday even as the 3-week-old rally in ...

REGIONAL RURAL BANKS: North Malabar Gramin Bank branch
Mr Ashok Kumar Mattu, Deputy General Manager, Reserve Bank of India, Thiruvananthapuram, today inaugurated the 175th branch of the Kannur-based North Malabar Gramin Bank at Kadavanthara in Kochi. This will be the fourth branch of The NMG Bank in ...

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