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MONEY & BANKING
CREDIT CARDS & DEBIT CARDS:
Banks cutting credit card limits for Satyam staff
‘Shocked how things can go wrong all of a sudden’. Hyderabad, Jan. 10 The Satyamites, who were amongst the most pampered employees in the industry till recently, are feeling the pinch of the Satyam fiasco not only in office but ...
CREDIT MARKET:
Cotton Corpn ties up Rs 15,000 cr through consortium of 19 banks
MSP PROCUREMENT. Mumbai, Jan. 10 Cotton Corporation of India (CCI) has tied up Rs 15,000 crore through a consortium of 19 banks led by Bank of Baroda and State Bank of India for procuring cotton at minimum ...
LIFE INSURANCE:
‘Logical to grow via bancassurance’
ULIP products are a lot more transparent about their investments than traditional products, says Mr T.R. Ramachandran, CEO and MD, Aviva Life Insurance. Taking off after a 19-year stint with Citibank, Mr ...
CREDIT MARKET:
RBI asks banks to furnish info on exposure to Satyam Group
‘Move to assess systemic impact of fraud’. New Delhi/Mumbai, Jan. 10 Reserve Bank of India (RBI) has asked banks to furnish information to the central bank on their fund and non-fund based exposure to Satyam Computer Services Ltd ...
HOUSING FINANCE:
Dewan Housing Finance cuts rates
Dewan Housing Finance Corporation, a leading private sector housing finance company, has cut interest rates on its loans — effective for new and existing customers, according to a press ...
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