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Monday, August 20, 2007
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MONEY & BANKING

FINANCIAL SERVICES
Ministry for 49% cap on foreign investment in credit info cos
New Delhi, Aug 19 The Finance Ministry has recommended to the Commerce and Industry Ministry that the foreign investment cap on credit information companies be placed at 49 per cent.Official sources said that the Department of Financial ... More

Federal Bank’s commodities scheme
Kochi, Aug. 19 The Aluva-based Federal Bank has formulated a new scheme for financing delivery-based futures trade in agricultural commodities. The scheme was launched here on Friday. The day was also celebrated throughout the State as Farmers ... More

Rural households’ dependence on moneylenders continues: RBI study
Coimbatore, Aug. 19 Despite the spread of banking in the modern context, changes in the financial sector and the rising awareness about the credit delivery system among rural household, the number of moneylenders and the quantum lent by them ... More

INSIGHT
Going forward is one option
The following Monday, the MD was the last to arrive in the conference room. Curd Rice was rapidly scribbling on a note pad and Goatee was adjusting the overhead projector. “Good afternoon everyone,” said the MD as he entered ... More

FOREX
What’s the impact of a strengthening rupee?
If the value of rupee increases, what impact will it have on our economy? How is rupee value calculated, and does inflation play a role in this?Latika Sachdeva Let me answer the second part of your ... More

HOUSING FINANCE
IOB home loans for poor
Sivagangai, Aug. 19 Banks evolve schemes to benefit the depressed sections at low rate of interest and they should avail themselves of the schemes and benefit from them, said the Union Finance Minister, Mr P. Chidambaram, here on ... More

Pains from the sub-prime fiasco
With the increasing role of Sovereign Wealth Funds, China, Japan and Singapore may soon insist on demanding better supervisory and monetary management in disaster-prone countries, such as the US. More

GENERAL INSURANCE
NIC launching risk cover for property title
Product will deal with issues of suits, disputes More

Star Health opens poly clinic
Star Health and Medical Tourism Pvt Ltd, an associate of Star Health Insurance, India’s only stand alone health insurance company, has opened its first poly-clinic, Star Clinics, in Chennai. According to Mr A.G. Gajapathy, Executive ... More

PUBLIC SECTOR BANKS
Canara Bank plans to market products of rural artisans
New institute for artisans opened in Miyyar More

INTEREST RATES
Forward premia drops on Fed move to check sub-prime crisis
Capital inflows not likely to be affected More

NON-PERFORMING ASSETS
UCO Bank to sell off Rs 500-cr bad loans
Chennai, Aug. 19 UCO Bank, which is sitting on an Rs 1,285-crore pile of non-performing assets, will put up about Rs 500 crore of the stressed assets next month for bidding by various asset reconstruction companies (ARCs).Stressing that ... More

CREDIT MARKET
Stock market woes
Why the global financial markets are in free fall. More

CREDIT CARDS & DEBIT CARDS
Centrum Direct to bring out card with logo
Pune, Aug. 19 With its presence already in the travel card segment, Centrum Direct Ltd, the foreign exchange, insurance and retail distribution business arm of Centrum Capital Ltd, is all set to bring out one more card with its logo.Mr ... More

SECURITY
Bank customers face phishing
Reports of phishing targeted at customers of banks appear to be on the rise. Websense Security Labs, in a statement released recently , said it had received reports of such attacks from customers of AXIS Bank. The Lab went on to say that it ... More






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Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Jewish NRI marshals Israeli interest in Indian realty

Bulk drug exporters set to hike prices

Ministry for 49% cap on foreign investment in credit info cos

Bumper yield buoys cotton export prospects

Coastal shipping in renewed focus

Sarkar in suspense vs sub-prime concerns

IT’s happening in Kerala also

Looking back
Aug. 12-Aug. 18
Second pension option: AIBOC threatens indefinite strike

Sub-prime malaise: Markets jittery, FIs reprice risk

SME credit growth of public sector banks tops 25%

Global slowdown, rate cuts inevitable

Small borrowers still prefer informal route

Banks must improve staff skills to curb money laundering: KPMG

Rupee falls on global worries, equity sell-off

SEBI working on regulating financial advisors

Rupee tangos with Sensex on roller-coaster ride

HDFC Bank fine-tunes recovery strategy



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