Banking and Finance


Housing has become more affordable: HDFC chief
IT was a smooth and quiet succession at HDFC when Mr Keki Mistry, the new Managing Director of HDFC, took charge on November 14 following the departure of Mr Deepak Satwalekar to head HDFC group's insurance venture.

Clearing Corpn poised to take off by year-end
MOST of the details of the Clearing Corporation of India, promoted by SBI, have been finalised at a presentation by a Core Group to the RBI recently. The corporation will cover money, repos, Government securities and forex markets with the body acting as the central counter-party for all trades. Deals in corporate bonds will take place at a later stage. The focus will be on areas coming under RBI.

Vijaya Bank board okays VRS, insurance products sale
THE board of Vijaya Bank, at its meeting held last week, approved in principle, a voluntary retirement scheme for the employees of the bank.

`Vijaya Bank focus to be on IT-driven business'
Vijaya Bank proposes to focus more on the information technology-driven business from now onwards.

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