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MONEY & BANKING
HUMAN RESOURCES:
Citi India staff face downsizing; severance offers made
‘Not a bad idea to opt for the package’. Mumbai, Nov. 22 Some of Citi India’s employees have been sounded out on severance; this comes close on the heels of the parent bank recently announcing it would cut 52,000 jobs in the US ...
PRIVATE BANKS:
Federal Bank to hire 3,000 in 2-3 years
Aims at expanding network to 1,000 branches. New Delhi, Nov. 22 At a time when banks and financial institutions abroad are shedding jobs following the global financial meltdown, private lender Federal Bank has said that it plans to recruit ...
CREDIT MARKET:
Call for more credit to micro, small units
Chennai, Nov. 22 The micro, small and medium enterprises sector is peeved over what it sees as “step-motherly treatment” by the Government and the RBI. The complaint mainly relates to the authorities not making specific measures ...
DEBT MARKET:
Bond funds: Can single credit-class funds lower risk perception?
The Association of Mutual Funds of India (AMFI) has stated that bond funds, especially fixed-maturity plans, are invested in high-quality securities and that there is no cause for concern regarding their credit ...
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