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MONEY & BANKING
FINANCIAL POLICY:
Ceiling on insurance cos’ management expenses may go
Finance Ministry proposes removal of statutory ceiling. Bangalore, Jan. 4 The Ministry of Finance has proposed removal of the statutory ceiling on management expenses of all the insurance companies in ...
GENERAL INSURANCE:
Cross-subsidisation of health cover continues despite free pricing
Chennai, Jan. 4 Come April 1 2009, it is to be seen who has better bargaining skills corporates or insurers. Insurers say they can no longer afford to provide insurance at the premium offered currently while corporates, cutting costs due ...
DEBT MARKET:
Bonds zoom on surge in liquidity, weakening inflation
Bid to cover ratio, which indicates preference for G-secs, declines. Bangalore, Jan. 4 Bonds skyrocketed propelled by increased liquidity in the financial markets and ...
CORPORATE BONDS:
Banks keenly watching SBI’s Tier-II bonds issue to retail investors
Mumbai, Jan. 4 Public sector banks will be watching with keen interest State Bank of India’s move to raise long-term resources from retail investors by issuing upper Tier-II bonds of 15 years maturity. India’s biggest bank is ...
INFORMATION TECHNOLOGY:
Banks look to deploy more mobile ATMs
Mumbai, Jan. 4 More banks are now looking to deploy mobile ATMs as a means of providing value-added service to customers. Earlier, banks used mobile ATMs more as a showcase than a service, said Ms Rupinder Anand, Director, Sales and ...
INSIGHT:
Currency board arrangement
I am told that currency board arrangement is as good as gold standard. Is this true? Please explain what the concept is ...
PUBLIC SECTOR BANKS:
PNB back-office in Kerala
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REGIONAL RURAL BANKS:
KVGB gets new Chairman
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