MONEY & BANKING
INSIGHT
Tremors in financial markets: A problem of plenty
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FOREX
Rupee weakens on Sensex crash
The rupee fell by 20 paise against the greenback in tandem with the fall in the domestic stock market. The benchmark BSE Sensex fell by almost 770 points on Monday on profit- booking by investors. The home currency opened at 39.36/37 and saw an ...
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INFORMATION TECHNOLOGY
Coming soon at ATMs: Passbook updating facility
NCR Corp says it has received enquiries from public sector banks
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PRIVATE BANKS
ING Vysya Life to shore up capital base
Bangalore, Dec 17 The ING Group and its domestic partner are shoring up the capital base of the domestic life insurance venture, ING Vysya Life Insurance Company Ltd, by infusing Rs 100 crore. Speaking to reporters here, ING Vysya Life ...
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TMB branch at Satyamangalam
The Tuticorin-based Tamilnad Mercantile Bank has opened its 199th branch, fully computerised with safe deposit locker and ATM facilities at Satyamangalam in Erode district. Speaking on the occasion, the Managing Director and CEO of the bank, Mr ...
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CSB opens Vizag branch
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PUBLIC SECTOR BANKS
Union Bank to enter MF biz
To finalise partner by March
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GOVT BONDS
Bond prices stay rangebound
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FIXED DEPOSITS
Encashment norms for joint term deposit holders eased
New Delhi, Dec 17 The Finance Ministry has relaxed encashment norms for joint holder type term deposits under the tax-saving ‘bank term deposit scheme’ framed last year. This scheme was developed to encourage flow of long-term ...
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NEW PRODUCTS & SERVICES
i-flex unveils wealth management tool
i-flex® solutions has forayed into the private banking and wealth management space with the launch of FLEXCUBE® Private Banking Suite. The FLEXCUBE Private Banking Suite provides financial institutions and their customers a unified view ...
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