MONEY & BANKING
FOREX
Exporters resume taking forward cover
Forward premia for dollar move into a discount
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Rupee falls against dollar
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INFORMATION TECHNOLOGY
Should ATM usage be encouraged through incentives?
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INSURANCE
Practical approach, say insurers
Hyderabad, Feb. 13 The Insurance Regulatory and Development Authority (IRDA) has adopted a practical approach in fixing the rural and social obligations for the insurers, leaving the industry by and large satisfied.The Regulations 2008, ...
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SOFTWARE
HDFC Bank in pact with Symantec
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HOUSING FINANCE
Dewan Housing debentures
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LIFE INSURANCE
Bancassurance comes of age for LIC
Andhra Bank tops in first premium income; 26 banks eye niche
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DEBT MARKET
Bond trading lacklustre
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PRIVATE BANKS
CUB gets nod for 40 more branches
Chennai, Feb. 13 City Union Bank, it is learnt, has received licence from the Reserve Bank of India to open 40 more branches. These are to be opened within one year. In conformity with the RBI’s guidelines, the bank will ensure that half ...
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PUBLIC SECTOR BANKS
‘Exclude PSBs from purview of transfer pricing provisions’
New Delhi, Feb. 12 Public sector banks (PSBs) have urged the Finance Minister, Mr P. Chidambaram, to exclude them from the ambit of transfer pricing provisions under the income tax law. They have also sought exclusion from the purview ...
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INTEREST RATES
Smaller banks yet to decide on rate cuts
Coimbatore, Feb. 13 Smaller banks by and large seem to wait for the biggies to effect a change in the interest rate before taking the plunge.Mr K.V.S. Manian, Head of Retail Liabilities and Branch Banking, Kotak Mahindra Bank, said ...
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SHORT TERM INSTRUMENTS
Call rates close lower
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OVERSEAS INVESTMENTS
Indian banks invited to Switzerland
New Delhi, Feb 13 Swiss bankers’ association (SBA) wants Indian banks to locate and operate in Switzerland. The trade association also wants Swiss banks to be able to open branches and get licence here little bit more easily than it has ...
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REGULATORY BODIES & RULINGS
IRDA notifies changes to rural, social obligations
New norms specified for business from 7th year onwards
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SECURITY
HDFC Bank makes ATMs more secure
Jitter-enabled card readers
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