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Monday, July 25, 2005
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MONEY & BANKING

PENSION PLANS


LIC, SBI in fray for pension fund manager slots
`We will not have any cap on the number of players. We will set down stringent criteria for entering the sector and whoever fits the bill will be considered.' More

RBI & OTHER CENTRAL BANKS


Banks can allow cos to hedge commodity price risks
THE Reserve Bank of India has allowed select commercial banks (authorised dealers) to grant permission to listed companies to hedge their price risk in respect of any commodity except gold, silver, petroleum and petroleum products, in the ... More

PRIVATE BANKS


ING Vysya biz at Rs 4,600 cr in AP
HYDERABAD: ING Vysya Bank, the premier private sector bank has emerged as the sixth largest in Andhra Pradesh with a total business of Rs 4,600 crore. It has 172 outlets, with an employee strength of 1756. Seventy five branches are online ... More

CREDIT MARKET


Commercial banks in AP urged to step up lending to SHGs
COMMERCIAL banks in Andhra Pradesh have lent only Rs 225 crore by mid-July against the annual target of Rs 2,200 crore set by the State Government and therefore they have to step up lending, according to Mr A.L. Nageswara Rao, General Manager of ... More

TRADE & LABOUR UNIONS


Trade unions aim for closer ties in financial sector
A UNITED front of trade unions in the banking sector proposes to meet up with the Chairman of a Parliamentary Standing Committee to make a presentation against the purported move to reduce Government's share in banks below 51 per cent. Mr ... More

CO-OPERATIVES


`RBI must be the sole regulator for co-op banks'
THE gross misuse of cooperative funds for political ends has landed a good number of institutions in the cooperative sector in dire straits, the General Secretary of the Tamil Nadu Cooperative Bank Employees Association, Mr P. Balakrishnan, ... More


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