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MONEY & BANKING
DERIVATIVES MARKETS:
Currency futures are here
Ravini is in a gloomy mood. As usual, she feels let down by the management education system of which she is a part — as a student, that is. She has absolutely no clue about the recently launched currency futures on the NSE (National Stock ...
INSIGHT:
Forex reserves
In discussions on BoP, it is said that foreign exchange reserves built on the back of current account surplus is any day preferable to the surplus built on the back of capital account surplus. Can you please ...
GENERAL INSURANCE:
Medical insurance
Can you please explain in simple terms how much is deductible under Section 80D towards medical insurance ...
GOVT BONDS:
Bonds rally on liquidity inflow
Redemptions of Govt securities leave banks flush with cash. Bangalore, Aug. 31 Bonds rallied with the liquidity influx into the financial markets after redemptions of Government ...
CREDIT MARKET:
Banks step up monitoring of loan portfolios to avoid delinquencies
Mumbai, Aug. 31 Anticipating repayment problems, as a result of rising interest rates and high input costs, banks are increasingly becoming more careful about their lending and closely monitoring their loan portfolios. ...
FIXED DEPOSITS:
Lowers FCNR deposit rates
Allahabad Bank has lowered the rate of interest on FCNR and NRE deposits effective from September 1.The revised dollar interest rates for FCNR deposits for various tenures are: one-to-less than two years at 2.46 per cent (2.50 per cent), ...
AWARDS & HONOURS:
United Bank bags national award
FIXED DEPOSITS:
Union Bank reduces FCNR, NRE term deposit rates
Mumbai, Aug. 31 Union Bank of India has reduced the rates on FCNR (B) and NRE (rupee) term deposits for various maturities, with effect from September 1. ...
CREDIT CARDS & DEBIT CARDS:
Dena Bank looks to tie up with SBI for boosting credit card biz
Dena Bank will jointly launch a credit card with State Bank of India next month, for which negotiations are in an advanced ...
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