MONEY & BANKING
REGIONAL RURAL BANKS
Recapitalisation of RRBs in 8 States by end-March: Chidambaram
The eight States that have agreed to pay up their share of recapitalisation in cash are Chhattisgarh, Arunachal Pradesh, Tripura, West Bengal, Bihar, Assam, Nagaland and Jharkhand.
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INSIGHT
Dollar decline and solutions
Fred Bergsten, the American economist, has put forward a novel proposal to help solve the problem of the dollar. He suggests that the IMF create special drawing rights (SDRs) into which the dollars held by various countries could be deposited.
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INFORMATION TECHNOLOGY
Syndicate Bank unveils facilities
Syndicat-e-banking facility and ATM was inaugurated at the Gandhipuram branch of the bank in the city on Saturday. Mr A.R. Nagappan, Director, Syndicate Bank, inaugurated the facility. Speaking on the occasion, he said about 300 branches are in ...
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INSURANCE
Career Mentor to offer courses for insurance professionals
Chennai, Jan. 6 Sensing a business opportunity in providing training for the insurance industry, Chennai-based Career Mentor is close to starting a six-month course that will make the student “job-ready”. The firm, recently ...
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RBI & OTHER CENTRAL BANKS
Ministry, RBI differ on NPA classification
Infrastructure projects delayed by more than a year
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INTEREST RATES
Public sector banks may decide on interest rate cut soon
Committees likely to study Finance Minister’s suggestion
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How urgently do we need a rate cut to spur consumption and investment?
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