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Friday, April 14, 2006
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MONEY & BANKING

AGRICULTURAL INSTITUTIONS


Nabard refinance to banks up 50 pc
To take up restoration of tax benefits on capital gains bonds with Govt More

Counselling for `distressed farmers'
Nabard plans to start a mass counselling programme in districts that have seen a huge number of suicides by farmers. A pilot project would soon be launched in Maharashtra to give focused attention on financial matters through credit-supported ... More

PENSION PLANS


UTI unveils pension plan for unorganised sector
The company has tied up with SEWA Bank and 25,000 members of the institution have joined the pension scheme. More

OUTSOURCING


Bank unions to protest outsourcing
Bank unions are gearing up to launch a national agitation against outsourcing in banks. The General Secretary of the All-India Bank Employees Association, Mr C.H. Venkatachalam, has in a statement said the proposed agitation would mark their ... More

INSIGHT


Micro-credit: Looking beyond group lending
Considering the increased competition in micro-credit and the pressure to reduce interest rates, it is time for micro-finance practitioners to consider moving beyond group lending. More

FOREX


Rupee ends unchanged
The rupee was volatile against the dollar on Thursday due to the fall in the stock markets but ended almost unchanged. The domestic currency opened at 45.33/35 and touched an intra-day low of 45.40. It, however, appreciated to ... More

LIFE INSURANCE


Aviva Life eyes more bancassurance tie-ups
Aviva Life Insurance, for which over 60 per cent of sales is on account of bancassurance tie-ups, is eyeing more arrangements with banks, including co-operative banks that cater to semi-urban markets. The insurer, which currently operates ... More

GENERAL INSURANCE


Credit insurance market seen to touch Rs 763 cr
Euler Hermes to focus on SME segment here More

GOVT BONDS


Bonds recoup losses
Bond prices saw a sell-off in the morning in anticipation of another round of rate hike in the annual monetary policy announcement next week. By the end of the day, however, the losses were retraced on surplus liquidity, said ... More

SHORT TERM INSTRUMENTS


Call rates at 5.5-5.6 pc
Call rates were between 5.5 to 5.6 per cent as liquidity eased. The total surplus liquidity in the system was around Rs 57,000 crore. In the four-day reverse repo auction, under the liquidity adjustment facility, the RBI received ... More

CREDIT CARDS & DEBIT CARDS


U21 scholarship programme
MasterCard International and online varsity U21Global have launched the U21Global Scholarship Programme for Women in Travel and Tourism. The programme comprises 20 scholarships for the U21Global Executive Diploma of Business ... More

TRADE & LABOUR UNIONS


Bank staff hold demo
Bank employees under the banner of All Kerala Bank Employees' Federation staged demonstrations at various centres in protest against the Union Government's/RBI move to introduce contract work in banking sector. Demonstrations ... More

SECURITY


PSBs to unlock chained gates
For easy access to bank customers More

CO-OPERATIVES


UCBs to vend MF products
Urban co-operative banks, which have signed a memorandum of understanding and are registered under the Multi-State Co-Operative Societies Act, can now sell mutual fund products. The Reserve Bank of India on Thursday announced that UCBs can ... More
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