The Hindu Business Line : Monday, May 31, 2004

PENSION PLANS
States for continuity in pension reforms
IN a bid to contain exploding non-development revenue expenditure, State Governments have sought continuity in the pension reforms. So far, barring trade unions, most States have welcomed the setting up of the pension fund regulatory ... More

NBFCS
RBF Nidhi resumes dues payment to depositors
RBF Nidhi has once again begun to repay the dues of its depositors; the first time since August 2001 that the nidhi has paid its dues to any one of its more than 1.6 lakh depositors. Currently, it has started to pay the complete dues of its ... More

RBI & OTHER CENTRAL BANKS
BoE's aggressive rate hike stance not warranted
The central bank would also need to keep in mind the vulnerability of the housing sector to the hike in interest rates. More

PRIVATE BANKS
Karnataka Bank has no plans to reduce staff
DESPITE taking to core banking solution (CBS), Karnataka Bank Ltd is not looking at downsizing its staff strength, its Chairman, Mr Ananthakrishna, has said. Allaying fears that technology would eventually lead to reduction in manpower, the ... More

PUBLIC SECTOR BANKS

Canara Bank opens ATM in Hayatnagar

GOVT BONDS
Liquidity may tighten in bond market
BONDS resumed their slide after having wobbled during most of last week with foreign exchange inflows easing off. Traders said that the bear trend was triggered by apprehensions over the Common Minimum Programme (CMP). Bankers said that the ... More

REGULATORY BODIES & RULINGS
Lack of infrastructure — IRDA gets tough with training institutes
THE Insurance Regulatory and Development Authority (IRDA) has conducted surprise inspections of some of the accredited training institutes and initiated action against the erring entities. According to IRDA sources, its officers conducted ... More

Cross Currency Rates

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