Business Daily from THE HINDU group of publications
Thursday, February 12, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, February 12, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING PUBLIC SECTOR BANKS: Govt to inject Rs 3,800-cr capital into 3 banks Tapping market not a viable option now: Chidambaram. New Delhi, Feb. 11 The Centre has decided to infuse Rs 3,800 crore in three State-owned public sector banks — UCO Bank, Central Bank of India and Vijaya Bank — to improve their ... INVESTOR PROTECTION: ‘Charging extra for card use is violation of rule’ Mumbai, Feb.11 A colleague who recently bought an iPod from an electronic store in Lamington Road, Mumbai, was asked to pay an additional 2 per cent for the payment by credit card. Luckily for her, there was an ATM nearby and she was able ... HOUSING FINANCE: SKS Micro to offer rural housing loans Hyderabad, Feb. 11 SKS Microfinance is planning to enter into rural housing loan segment in next three months and is likely to tie-up with a bank or National ... PRIVATE BANKS: Dena Bank’s 500th CBS branch Dena Bank’s branch at Asarwa, Ahmedabad became its 500th core banking solution branch, on February 9. Mr D.L. Rawal, Chairman and Managing Director, Dena Bank, inaugurated the branch, said a press release from the bank. The bank’s ... GENERAL INSURANCE: Just 8 players file for add-on covers Fears over customer acceptance seen as main deterrent. Chennai, Feb. 11 The much awaited relaxation of policy wordings, the last phase of detariffing (free pricing), does not seem to have enthused insurance players in filing for new add-on ... RBI & OTHER CENTRAL BANKS: Financial protectionism implications should be analysed: RBI Governor New Delhi, Feb. 11 India should weigh the implications of the ‘financial protectionism’ of the advanced countries that is threatening to become as big an issue as ‘trade ... CONSUMERISM: ATM plaints: RBI warns banks of fines Mumbai, Feb. 11 The Reserve Bank of India on Wednesday warned banks that it will impose penalties under the Payment and Settlement Systems Act 2007 if they do not reimburse their customers amounts wrongfully debited in the case of failed ... LIFE INSURANCE: ING Life launches new product in Gujarat Ahmedabad, Feb. 11 ING Life, part of leading financial services provider ING Group, on Wednesday launched a unit-linked savings solution, ING Prime Life that it says offers benefit of return of initial allocation charges and help customers ... GOVT BONDS: Auction calendar New Delhi, Feb. 11 The Centre will launch its Rs 46,000 crore additional market borrowings programme from ... PRIVATE BANKS: Axis Bank in Nifty index from March 27 Mumbai, Feb. 11 The NSE Nifty index will include Axis Bank Ltd in place of Zee Entertainment Enterprises Ltd from March 27, said a NSE release issued ... TRADE & LABOUR UNIONS: Bank wage talks inconclusive Mumbai: The talks between the negotiating committee of the Indian Banks’ Association’s and the United Forum of Bank Unions on Wednesday remained inconclusive. The IBA offered Rs 3,600 crore, amounting to average ... PUBLIC SECTOR BANKS: Strengthening of three public sector banks Move aimed at opening the sector for foreign players?. The Government has identified three public sector banks to infuse capital and improve their capital ... FINANCIAL SERVICES: MCX-SX’s Marathi Web site MCX Stock Exchange, the currency futures exchange promoted by Financial Technologies and MCX, has launched its fifth regional website in Marathi. The exchange also has websites in other regional languages such as Hindi, Gujarati, Tamil ... LIFE INSURANCE: ING Prime Life launched ING Life Insurance has announced the launch of ‘ING Prime Life’, a unit-linked savings solution, in Mangalore. Addressing presspersons here on Tuesday, Mr T.K. Uthappa, Director (Sales), said ING Life expects to sell 10,000 policies ... REGIONAL RURAL BANKS: New GM for KVGB Mr Vasudev Kalkundri has assumed charge as General Manager of the Dharwad-headquartered Karnataka Vikas Grameena Bank (KVGB). A bank release said here on Wednesday that Mr Kalkundri has more than three decades of experience in Syndicate Bank ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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