MONEY & BANKING
PENSION PLANS
Private fund managers for pensions ruled out
New Delhi, March 7 Even as the private sector mutual fund managers are keen to get a slice of the New Pension System (NPS) cake of Government employees, the Centre has made it clear that fund management of such pension savings would continue ...
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FOREX
Forex reserves cross $300 b
Mumbai, March 7 The total foreign exchange reserves crossed the $300 billion mark for the first time, with an accretion for the third week in a row. For the week ended February 29, the reserves increased by $6.625 billion to touch ...
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RBI keeps rupee low at the cost of oil sector
Intervention in forex market pushes up the rupee cost of crude
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LIFE INSURANCE
LIC Housing to float real estate fund
Chennai, March 7 LIC Housing Finance intends to float a fund of about Rs 350 crore. The fund, which will invest in large projects, will be created within the next three months, Mr S.K. Mitter, Director and Chief Executive, LIC Housing Finance, ...
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FINANCIAL MARKETS
Reddy for cooperation among central bankers
"The large segments of the poor tend to reap the benefits of high growth with a time lag while the rise in prices affects them instantly. Further, we recognise the limited capacity of the poor to bear risks that may occur in the real sector by ...
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PUBLIC SECTOR BANKS
SBT to distribute MF products
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FOREIGN BANKS
Barclays in talks with CDMA players
New Delhi, March 7 Barclays Bank is in talks with CDMA service providers to offer ‘Hello Money’, the mobile banking solution provided by the bank for customers with GSM handsets.“We want to give the same ‘Hello ...
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