MONEY & BANKING
FOREX
Capital flows lift surplus in balance of payments
Earnings from software, services exports up 50% in Dec quarter
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LIFE INSURANCE
Kotak Mahindra Life expanding
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FINANCIAL MARKETS
Lower gains from non-dollar investments
Mumbai, March 31 RBI’s portfolio of investments in currencies other than the dollar appreciated at a lower rate relative to the US currency, thus fetching it only a gain of $ 8.9 billion in the nine months ending December 07 compared to ...
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DERIVATIVES MARKETS
ICAI removes doubts on accounting for foreign currency derivatives
New Delhi, March 31 The Institute of Chartered Accountants of India (ICAI) on Monday made it clear that its recent announcement on accounting for foreign currency derivative exposures was “not a new accounting norm” to be adhered ...
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RBI & OTHER CENTRAL BANKS
RBI ‘very concerned over high inflation’
Ready to take appropriate action, says Governor
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PRIVATE BANKS
YES Bank finds agri-lending profitable
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PUBLIC SECTOR BANKS
KSSIA, Syndicate Bank in credit card pact
Kochi, March 31 Kerala State Small Industries Association has tied up with Syndicate Bank for the issue of Synd Laghu Udyami credit card, which provides a maximum credit of Rs 2 lakh to the members of KSSIA Social Security Fund, a Trust that ...
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Oriental Bank keen on rural push
New Delhi, March 31 The Oriental Bank of Commerce (OBC) wants to push up the share of its business in rural areas to about 30 per cent from the current level of about 18 per cent. The bank’s total business as on March 31, 2008 is ...
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MERGERS & ACQUISITIONS
IOB interested in Pune-based co-op bank
Due diligence to begin soon
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OVERSEAS INVESTMENTS
‘Oriental Bank must have branch in Pakistan’
New Delhi, March 31 Oriental Bank of Commerce (OBC) may take steps to open a branch in Pakistan, with the Finance Minister, Mr P. Chidambaram, on Monday asking the top management of the bank to apply to the Reserve Bank of India for this ...
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ALLIANCES & JOINT VENTURES
Deutsche Bank, IIFCL sign pact
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