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Monday, October 07, 2002

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MONEY & BANKING

FARM CREDIT


Karnataka Bank to expand kisan card network
IN keeping with a directive from the Reserve Bank of India (RBI), the Mangalore-based private sector Karnataka Bank is in the process of bringing all `eligible farmers' within the network of its kisan credit card scheme. The bank hopes to ... More

FOREX


Three cheers for the rupee!
There is every reason for this trend to continue on the back of strong inflows of foreign currency into the exchange markets in the country and for the first time since 1995, the rupee may end stronger at the end of this financial year than its begi nning levels. More

GENERAL INSURANCE


Post-Akshardham, insurers target temples
AFTER the recent terrorist attack on the Akshardham Temple in Gujarat, temples across the country have become the target of a different set of people - the insurers. Sensing new business potential, the marketing staff of insurance companies ... More

FINANCIAL MARKETS


The cons of IDRs
AT THE fag end of 1997, an Informal Group on the Primary Market, headed by the then Chief Economic Advisor (CEA), Dr Shankar N. Acharya, had recommended some steps for reviving the moribund primary market. One of the recommendations made by the ... More

PUBLIC SECTOR BANKS


IOB chief assures officers full backing on loan decisions
THE Chairman and Managing Director of the Indian Overseas Bank, Mr S.C. Gupta, today assured the officers of his bank that he would back them in case any of their bonafide lending decisions goes wrong. "I will die first, but I'll protect ... More

GOVT BONDS


Bonds perk up on divestment hopes
Sentiments were driven by the reiteration of the Government's commitment to meeting divestment targets for the current fiscal. More

Treasuries underperform again
THIS fortnight again belonged to the non-Treasury assets. All asset classes performed better than the Treasuries. The 5-year MIFOR and the `AAA' yields dropped by a whopping 30 basis points in this period. Even the 5-year OIS ... More

TRADE & LABOUR UNIONS


Tough negotiations ahead, say bank unions
THE first round of negotiations for the 8th bipartite wage settlement between the Indian Banks' Association and the banking sector unions is to be held on October 25. The General Secretary of the All-India Bank Officers Confederation (AIBOC), Mr ... More

TRENDS


Bankers told to be wary of globalisation moves
GLOBAL trading in currencies has the potential to sweep away all the economic gains a country can achieve by hard work, Mr S. Gurumurthy, columnist and the founder of the Swadeshi Jagran Manch, said at meeting here on Sunday. Delivering the ... More
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