MONEY & BANKING
INSIGHT
Our currency, your problem
IN THE midst of their preoccupation with "India Shining" and other main pre-poll distractions, the media have had little time to reflect on yet another meeting of the G-7 — of finance ministers and central bank ...
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The myth of inflation at 4-4.5 per cent
ALMOST everyday we hear some Finance Ministry or central bank official say that inflation rate should be 4-4.50 per cent by end-March. But for the recent jump in price levels, that target would have been well achieved. Even in the current ...
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MANPOWER
Insurance VRS offer
KOCHI: Contrary to the expectations of the management, more officers have opted for VRS in the General Insurance companies, according to Mr P.P. Mohanan, Kerala State General Secretary of the General Insurance Officers All India ...
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LIFE INSURANCE
Govt guarantee on LIC policies may go
THE financial sector reforms wave appears to be fast approaching the shores of the Life Insurance Corporation of India (LIC). In what could be a precursor to a major restructuring of the sole public sector life insurer in the country, the over ...
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DEBT MARKET
Traders see correction in bond yields post-IPOs
BOND yields softened slightly last week supported by a build-up of short-term liquidity in the banking system due to the bunching of public sector equity dilutions. Traders said that the softening was partly due to central bank's restrained ...
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PUBLIC SECTOR BANKS
Pact for financing tractors
MANGALORE: The Corporation Bank has signed a memorandum of understanding with Tractors and Farm Equipment Ltd for financing tractors to farmers. This makes Corporation Bank the "favoured bank" of Tractors and Farm Equipment Ltd for ...
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CREDIT CARDS & DEBIT CARDS
HDFC Bank credit card launched in Tiruchi
MADURAI: The HDFC Bank international credit card was launched at Tiruchi recently. According to a press release, the card, globally accepted and in a tie-up with Visa, would enable the holders to access 1.10 lakh stores, restaurants and ...
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INTERVIEW
`Insurance market is big enough for everyone'
THE first thing which strikes a visitor to the Chief Executive's office in Cholamandalam MS General Insurance is that the office is a large open cubicle - not a closed cabin, as most corner offices are. Ask Mr Arun Agarwal about it, and he ...
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PEOPLE
O.N. Singh to hold additional charge as IIBI chief
MR O.N. Singh, Chairman and Managing Director of Allahabad Bank, will hold concurrent charge of the post of CMD of Industrial Investment Bank of India Ltd (IIBI), in addition to his present assignment, with effect from March 1. Mr Singh will ...
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Cross Currency Rates
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