FOREX: Forex reserves : The ‘as if’ hypothesis
Chennai, Feb. 13 Economics is based on the assumption that producers and consumers try to maximise profits and utility respectively. Nobody knows what these ladies and gentlemen actually do. People do shift from fish to chicken when fish ...

EVENTS: ‘Full financial inclusion not yet achieved in Karnataka’
Aware of discrepancies, working to solve them: Bankers. Bangalore, Feb. 13 The State Government has contested public sector banks’ claims of Karnataka achieving full financial inclusion. Speaking at the State Level Bankers Committee ...

INFORMATION TECHNOLOGY: Corp Bank to widen branchless banking
Mangalore, Feb. 13 Corporation Bank, which has implemented branchless banking units in more than 250 villages, will take the number to 400 by the end of the current financial year, according to Mr J.M. Garg, Chairman and Managing ...

FOREX: Forex reserves rise $2.9 billion
Mumbai, Feb 13 Forex reserves increased by $2.921 billion for the week ended February 6, to $251.532 billion, according to the Reserve Bank of India’s Weekly ...

GENERAL INSURANCE: ECGC to raise cover for banks, small exporters
Mumbai, Feb. 13 Export Credit Guarantee Corporation of India (ECGC) will provide enhanced insurance cover to micro, small and medium (MSME) exporters and banks financing such MSME ...

RBI & OTHER CENTRAL BANKS: Diamond dollar a/cs norms eased
Mumbai, Feb. 13 The Reserve Bank of Indiahas liberalised the conditions for opening diamond dollar accounts (DDA) and allowed AD Category– I banks to permit firms and companies to open and ...

HOUSING FINANCE: Federal Bank loan rates down
Federal Bank has reduced the rate of interest on housing loans significantly. The rate offered ranges from 8.5 per cent to 10.75 per cent for different period of loans. The reduced rates are ideal for the general public to avail new loans. The ...