Business Daily from THE HINDU group of publications
Wednesday, April 15, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, April 15, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING NON-PERFORMING ASSETS: Debar loan defaulters from contesting elections: AIBEA Election Commission urged to disqualify such candidates. Mumbai, April 14 Should wilful defaulters of bank loans be barred from contesting Parliamentary elections? Well, the All India Bank Employees Association (AIBEA) thinks ... RBI & OTHER CENTRAL BANKS: RBI should look to boost demand, not liquidity The last few months have seen a sea change in the principles and practices of central banking the world over. What would have been looked askance earlier has become run-of-the-mill policy now under force of circumstances to which even ... INSURANCE: Polaris to focus on insurance sector To set up ‘centre of excellence for insurance’ in Chennai. Chennai, April 14 Polaris Software Lab plans to focus more on the insurance sector and intends to introduce new products and solutions for this ... PUBLIC SECTOR BANKS: PNB aims at 22-23% growth in net Punjab National Bank expects bottomline growth of about 22-23 per cent in 2009-10 even as it sees much lower growth in advances this fiscal. “We are looking at advances growth of 21-22 per cent in 2009-10. Our deposit rate growth would ... FIXED DEPOSITS: BoB cuts deposit rates by 50 bps Bank of Baroda has reduced its deposit rates by 50 basis points across all maturities. Ample liquidity in the system and sustained reduction in the headline inflation rate has prompted the bank to go in for the deposit rate cut. The revised ... GENERAL INSURANCE: Tata AIG launches ‘Hospicashback’ Tata AIG Life Insurance has launched a health product called ‘Hospicashback’. The product offers a guaranteed return of premium irrespective of the claims of the customers besides paying customers fixed benefits for expenses such ... FINANCIAL MARKETS: ‘Reduce complexity of accounting norms on financial instruments’ New Delhi, April 14 Accounting standard setters should accelerate efforts to reduce the complexity of the ‘accounting standards for ... CO-OPERATIVES: IBM wins 10-year deal from Uttarakhand co-op bank Bangalore, April 14 IBM has bagged a 10-year IT outsourcing deal from Kurmanchal Nagar Sahakari Bank Ltd, an urban co-operative bank in Uttarakhand. IBM did not disclose the deal ... PUBLIC SECTOR BANKS: Allahabad Bank targets 21% growth in biz Kolkata, April 14 Allahabad Bank targets 20-21 per cent growth in deposits and advances in 2009-10. The bank hopes to achieve business of Rs 1.75 lakh crore by March 2010 and Rs 2 lakh crore by the end of 2010, according to its Chairman ... INTERVIEW: ‘Fear of bad credit has led to some holding back in lending’ The SME sector is seeing stress genuinely, says Naina Lal Kidwai. Mumbai, April 14 Ms Naina Lal Kidwai, Group General Manager & Country Head of HSBC Group of Companies in India, has her hands full, nurturing new businesses — life ... EVENTS: Talk on banking technology The Institution of Engineers (India) is organising a talk on ‘Safeguards in banking technology products’ at its office in the city on Wednesday. Mr Thulasinarayanan R, Manager-Local Administration, Small and Medium Enterprises, ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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