MONEY & BANKING
FINANCIAL SERVICES
IRDA to revoke suspension on Corporate Risk India
TAKING note of the submissions made by Corporate Risk India Pvt Ltd (CRIPL), the New Delhi-based insurance broker, in a personal hearing held recently, the Insurance Regulatory and Development Authority (IRDA) has decided to revoke the suspension ...
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FOREX
Forex reserves surge by over $1 b
INDIA'S foreign exchange kitty was fortified by over $1 billion during the week ended November 5. Analysts ascribed the rise in reserves primarily to a revaluation of foreign currencies with the central bank, in addition to foreign investment ...
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INSURANCE
New guidelines: IRDA gives training institutes another chance
WITH many training institutes for insurance agents failing to send in their confirmation to the newly prescribed guidelines, the Insurance Regulatory and Development Authority (IRDA) has decided to provide the institutes with another ...
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Insurance cover for patients in clinical trials mooted
AS safety-catches are being put in place to protect the "human subject" on whom a medicine is tested by a drug company — a silent demand is building on insurance companies to formulate schemes to cover clinical trials. "How much will a ...
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INTEREST RATES
Interest costs rise for 460 firms in first half
BANKS have increased their loans to companies in the first half of this fiscal by 16 per cent. One would have thought that this must have also reflected in higher interest costs for the companies. Paradoxically, that has not happened and, ...
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Canara Bank, Central Bank hike deposit rates
CANARA Bank has hiked the term deposit rates across all maturities by 25 basis points effective from Monday. A Canbank release said here on Saturday that it had also introduced a new slab up to 14 days, for a minimum deposit amount of Rs 5 lakh ...
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CREDIT MARKET
Bank credit up by Rs 17,259 cr
GROSS bank credit grew by Rs 17,259 crore during the fortnight ended October 29, to touch Rs 9,88,276 crore. This is inclusive of food-credit which grew by Rs 3,752 crore to Rs 39,712 crore and non-food credit which grew by Rs 13,506 crore to ...
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TRADE & LABOUR UNIONS
SBI unions call for strike on Dec 6, 7
SBI Staff Union and SBI Officers' Association have called for a two-day strike on December 6 and 7. According to union sources, this could culminate in an indefinite strike from December 27 if the country's largest bank failed to relent on the ...
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ALLIANCES & JOINT VENTURES
SIB enters deal with Al Razouki
COIMBATORE: To ensure safe and speedy transfer of funds particularly to its NRI clientele, the Thrissur-based South Indian Bank Ltd (SIB) has struck a deal with Al Razouki International Exchange in West Asia. The arrangement with Al ...
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Cross Currency Rates
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