MONEY & BANKING
INSIGHT
Banks: Traditional performance measures need change
The Indian banking system is a mish-mash of the ubiquitous public sector, ex-term lending institutions, old Indian private sector, new Indian private sector and foreign banks. And this does not count the numerous cooperative banks, hundreds of ...
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INSURANCE
Bensield plans investments
The UK-based Bensield group is looking to invest in India in a reinsurance broking venture. The Bensield Managing Director, Mr Abrian Clark, indicated the investment would be in a joint venture with IRICS, who is an existing business partner of ...
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LIFE INSURANCE
Insurers seek service tax waiver on sub Rs 4-lakh agent commission
Council to approach Finance Ministry for relief
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FINANCIAL POLICY
Micro-finance Bill tabled
The Finance Minister, Mr P. Chidambaram, tabled the Micro Financial Sector (Development and Regulation) Bill 2007, in the Lok Sabha on Tuesday. The Bill makes the National Bank for Agriculture and Rural Development (Nabard) the ...
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FOREIGN DIRECT INVESTMENT
Insurance Bill unlikely this session
Left parties unmoved
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RBI & OTHER CENTRAL BANKS
Capital adequacy draft norms
The RBI on Tuesday issued revised draft guidelines on implementation of new capital adequacy framework. These guidelines are now open for a second-round of consultation for a period of three weeks from today. The RBI had earlier issued draft ...
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PRIVATE BANKS
L&T can pick up only 4.7% in City Union Bank: RBI
The Reserve Bank of India has approved an issue of only 12 lakh shares of City Union Bank to L&T, against the company's proposal to pick up 26.65 lakh shares in the bank. City Union Bank and L&T had earlier agreed that the latter would pick
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UTI Bank opens branch in Aluva
UTI Bank has opened its latest branch in Aluva, Kerala. Inaugurating the new branch, Mr C.P. Rangarajan, President of UTI Bank said: "This marks yet another step towards the extensive consumer banking focus that we are providing ...
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For derivatives
MISYS TOOL FOR HDFC BANK: Mr Sudhir Joshi (right), Treasurer, HDFC Bank, and Mr Murray Sargant, Managing Director - Asia , Misys Treasury & Capital Markets, at a press conference in Mumbai on Tuesday. Misys software solution, Misys Summit FT, ...
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RBI nod for 8 DCB branches
Development Credit Bank has received the RBI permission to open eight new branches in India. The bank will be setting up the branches over a period of six months, it said in a statement. With this, the number of branches will ...
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Centurion scales up presence
Centurion Bank of Punjab has scaled up its presence to 279 branches and 408 ATMs in 143 locations across the country in the current fiscal. The bank now has 145 branches in the northern region, 69 branches in the western region, ...
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PUBLIC SECTOR BANKS
Vijaya Bank to open two more branches
Vijaya Bank is opening two more branches in Andhra Pradesh this week, one in Visakhapatnam on Wednesday and the other at Kakinada on Friday, according to Mr Prakash P. Mallya, Chairman and Managing Director, who will inaugurate both branches. ...
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SHORT TERM INSTRUMENTS
Call rates zoom to 22% on liquidity crunch
Rs 35,000 cr advance tax outflows cause strain; Re hits 18-month high
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FIXED DEPOSITS
Banks turn cautious on bulk deposits
Asset-liability mismatch due to foreclosure is main concern
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TRADE & LABOUR UNIONS
Bank strike: Govt help sought
The Indian Chamber of Commerce and Industry, Coimbatore, while appealing to the banking sector employees to withdraw their strike call or reduce it to a day, has sought Government intervention to resolve this issue. Expressing ...
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