MONEY & BANKING
EDUCATION
Insurance academy to offer management courses
NATIONAL Insurance Academy (NIA) is now opening its doors to bring in management education as part of its curriculum. The academy, which had focused only on training and research, would now look at areas such as education and consultancy, Mr ...
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SOFTWARE
SDG software to help banks know customers better
SDG Software Technologies, a company focusing on banking and financial services industry and stock markets, has developed BankAlert, an anti-money laundering, compliance and business intelligence software. The software will helps banks meet the ...
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MANPOWER
1,400 United India officers opt for VRS
AS many as 1,400 officers and 900 clerks working for United India Insurance have opted for VRS. The payments to them could cost the public sector non-life insurer around Rs 500 crore, the company's Chairman and Managing Director, Mr V. ...
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HOUSING FINANCE
Andhra Bank's housing loan campaign
KOCHI: Andhra Bank is celebrating a Special Housing Loan campaign in the State this month with floating interest rates starting from 7.25 per cent for a five-year repayment scheme. The floating rate is eight per cent for a 10-year period ...
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PRIVATE BANKS
Pvt banks in a scramble to manage wealth
THE wealth management business faces cutthroat competition even as new customers emerge. Private and foreign banks and broking houses have made poaching the name of the game. Traditionally, wealth management, as defined in developed markets, is ...
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FINANCIAL INSTITUTIONS
APSFC to scout for fresh lines of credit
GEARING up for the falling interest regime and competition from banks, the Andhra Pradesh State Financial Corporation (APSFC) has decided to scout for separate lines of credit and identify new lines of businesses for extending support. The ...
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GOVT BONDS
Liquidity overflow powers bond markets
The high liquidity in the markets pushed down the yields on the 91-day Treasury bill to 4.21 per cent last week, down from previous week's 4.29 per cent.
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Bond bulls have many reasons to cheer
The remarks by the RBI Governor which suggested that the central bank will be far from aggressive in mopping up liquidity from the system gave further comfort to the bond bulls.
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CORPORATE BONDS
Agencies active in buying fixed income papers of FIs
INVESTMENT advisory outfits are reportedly approaching investors in bonds of financial institutions and persuading them to sell their holdings to interested parties. A good network of smalltime consultants are ready to offer a swift exit ...
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NON-PERFORMING ASSETS
LIC Housing seizes properties for payment default
LIC Housing Finance Ltd has seized two properties in Bangalore under the Securitisation and Reconstruction of Financial Assets Enforcement Security Interest Act, 2002 for default of payment by the project builders. The promoters of the ...
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CO-OPERATIVES
Transfers: Kerala HC asks co-op bank to stick to norms
THE Kerala High Court has directed the Kerala State Cooperative Agricultural and Rural Development Bank (KSCARDB) to follow prescribed norms while ordering transfer of employees. While disposing of a petition filed by the Kerala Cooperative ...
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Cross Currency Rates
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