The Hindu Business Line : Friday, August 07, 2009

MONEY & BANKING

TRADE & LABOUR UNIONS: Strike hits banking operations
36 banks did not participate in clearing and settlement. Banking services across the country were paralysed as nearly eight lakh bank employees went on a two-day strike beginning Thursday to press their demand for a hike in wages, pension option ...

REGULATORY BODIES & RULINGS: Physician, heal thyself
On June 18, 2009, the US Treasury unveiled proposed changes in its financial regulatory system, acknowledging that the roots of the crisis went back to decades. It also conceded that the US Government could have done better to prevent the ...

TECHNOLOGY: The world from an ATM queue
“Give me five rupees; I will let you take my place.” The European tourist who quipped thus reminded me of the Hollywood actor, Hank Azaria. I had watched his growing restlessness for over 15 minutes from a first floor café ...

GENERAL INSURANCE: Insurance cos withdraw deep discounts on group mediclaim
Lack of customer loyalty makes the segment unprofitable, say insurers. Mumbai, Aug. 6 Premium rates in group medical cover segment are moving up, say general insurance industry officials. Rate-shopping by companies, for covering the medical ...

FINANCIAL INSTITUTIONS: Financial inclusion course seen creating rural jobs too
IIFB hopes to create foot soldiers to take bank products to the hinterland. Mumbai, Aug. 6 Sensing that financial inclusion could generate gainful employment for thousands of rural youth, the Indian Institute of Banking and Finance (IIBF) has ...

PUBLIC SECTOR BANKS: Currency management workshop
Andhra Bank conducted a one-day work shop on ‘Currency management’ here. Mr P. Srinivas, General Manager, Andhra Bank, asked the gathering to update its knowledge with recent developments in the policies or regulations laid down ...

PEOPLE: Crisil’s Ravimohan to quit
After a 15-year long tenure with Crisil, Mr R. Ravimohan, will be quitting as the non-executive Chairman of the board of directors of Crisil and Standard & Poor’s representative for South and Southeast Asia at the end of August. In ...

CORPORATE GOVERNANCE: Insurers asked to put in place a ‘whistle blowing’ policy
Corporate governance norms released. Hyderabad, Aug. 6 The Insurance Regulatory and Development Authority (IRDA) has asked insurers to put in place a ‘whistle blowing’ policy to help employees raise concern internally about ...

TRADE & LABOUR UNIONS: Strike effect
...

ALLIANCES & JOINT VENTURES: Tata AIG Life ties up with Citibank
Mumbai, Aug. 6 Tata AIG Life Insurance Company has tied up with Citibank to offer payment of renewal premiums through NEFT ...

INTEREST RATES: RBI rates: Pre-emptive hike in store?
Both in its Quarterly Monetary Policy Review and the RBI Governor’s J. R. D. Tata memorial lecture last week, the message is clear. Raising repo rates from the current levels is inevitable; the only question is, when. In fact, even ...