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Thursday, December 23, 2004

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MONEY & BANKING

COURTS/LEGAL ISSUES
Recovery in fits and starts
Mohan R. Lavi on the anomalies in the recent amendments to debt recovery law More

FOREX
Rupee closes a tad weak; gilt prices up
MUMBAI: The rupee ended marginally weaker on Wednesday at 43.83/85 per dollar after trading in a narrow range throughout the day. The previous finish of the domestic currency was at 43.80/81 per dollar. "With the Euro moving both ways, ... More

LIFE INSURANCE
Birla Sun Life Insurance plans to tap rural biz
BIRLA Sun Life Insurance (BSLI) wants to sell 20 to 25 per cent of the total policies in the semi-urban and rural market in the next 18 months, according to its Chief Executive Officer, Mr Nani Javeri. In an informal chat with Business Line ... More

GENERAL INSURANCE
New health insurance scheme for rural dwellers in Karnataka
BIOCON Foundation and Narayana Hrudayalaya have tied up with ICICI Lombard General Insurance Company to launch a new rural healthcare scheme called Arogya Raksha Yojana (ARY). Affordable medical care for rural dwellers was the goal of the ... More

RBI & OTHER CENTRAL BANKS
RBI to review IFR norms after March 2006
The RBI has clarified that any amount drawn from excess IFR would not be allowed to be distributed as dividends More

PRIVATE BANKS
IDBI Bank offers card-to-card fund transfer facility
IDBI Bank today announced launch of `card to card money transfer', a domestic remittance product, in collaboration with Visa International. The bank's customers can now transfer money from their bank account or Visa card to any other Visa ... More

MONETARY POLICY
Complexities of monetary policy-making
Contrary to common belief, monetary policy-making is more difficult than devising the fiscal plan. For, in open economies, the monetary policy has to interface with the uncertain market behaviour and expectations. A. Vasudevan looks at aspect s of monetary policy making, especially in the Indian context with limited availability of empirical literature on the subject. More

MERGERS & ACQUISITIONS
SocGen may buy stake in Bank of Rajasthan
FRENCH bank Societe Generale may buy a 14.5 per cent equity stake in Bank of Rajasthan, it is learnt. A top source at the local bank said that Societe Generale (SocGen) had informally indicated that it was keen on picking up the equity stake, ... More

PEOPLE
P.J. Nayak re-appointed as CMD of UTI Bank
DR P.J. Nayak has been re-appointed as the Chairman and Managing Director of UTI Bank. The bank's board took this decision on Wednesday, a week after it decided to split the CMD post into the non-executive chairman and the managing director. ... More


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