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MONEY & BANKING
INFORMATION TECHNOLOGY:
Under siege in cyberspace
Hacking attacks in the US point to the vulnerability of ATM technology.. As I sit down to write this column I am confronted by a deluge of information that may not be unusual for its content but is definitely overwhelming in terms of its ...
DEBT MARKET:
Bond yields soar; further tightening of liquidity likely
Improvement in farm credit offtake brings cheer to bankers. Bangalore, July 13 Bond yields hit a high as oil prices and inflation continued to gallop. The high inflation numbers kept traders on tenterhooks. Inflation as measured by the ...
PEOPLE:
CEO for ninth successive year
Mr Ananthakrishna, Chairman and Chief Executive Officer of Karnataka Bank Ltd, will step into his ninth year in office on July 13. A bank release said here that he has broken the record of late Mr K. Soorynanarayana Adiga who was the bank’s ...
CREDIT MARKET:
Union Bank now lending to hawkers, vendors
Mumbai, July 13 Taking financial inclusion one step further, Union Bank of India has started giving loans to hawkers and vendors, through biometric cards. The pilot project was launched in Dharavi, in Mumbai, about 10 days ago, said Mr Laxman ...
FIXED DEPOSITS:
Andhra Bank’s new deposit scheme
Andhra Bank is offering a special deposit scheme, AB Excel – II. As per the scheme, 9.75 per cent interest would be offered on deposits for 400 days. For senior citizens, an additional interest of 0.50 per cent would be given. The scheme is ...
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Union Bank now lending to hawkers, vendors
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Looking back Jul. 6-Jul. 12
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