Financial Daily from THE HINDU group of publications
Wednesday, January 04, 2006
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Financial Daily from THE HINDU group of publications Wednesday, January 04, 2006 |
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MONEY & BANKING FINANCIAL SERVICES ING Investment into portfolio management TO tap the growing high networth individuals (HNI) segment, ING Investment Management (I) Pvt Ltd is entering the portfolio management services (PMS) business. ING Investment Management India (IIM), which is the investment manager for ING Vysya ... More FOREX Policy on speculation: To be or not to be The RBI permits cross-currency trading which could cause forex losses; but has clamped down on MIFOR swaps which are purely rupee derivatives though priced using USD interest rates. More
RBI dept enters domestic forex operations
Rupee strengthens; bonds range-bound INFORMATION TECHNOLOGY 
State Bank of Mysore branches under CBSSTATE Bank of Mysore has brought all its 637 branches, both in the rural and urban regions under the centralised core banking solution. A bank release said that this would allow the bank's customers to access their account from any of the ... More SOFTWARE Greek bank to deploy Flexcube I-FLEX solutions said on Tuesday that Alpha Bank, the second largest bank in Greece, has selected its core banking solution Flexcube for consumer lending operations and loan syndication. Alpha Bank has more than 450 branches across Greece, ... More GENERAL INSURANCE Reliance General gets IRDA nod for 17 branches RELIANCE General Insurance has received IRDA's nod to set up 17 branches in various cities across the country. Currently, the company has 15 offices. Apart from opening four new branches in Mumbai and three in Delhi, the company will also ... More
Correction PRIVATE BANKS TMB unveils `no frills' account TUTICORIN-based Tamilnad Mercantile Bank (TMB) Ltd has launched a `no frills' savings bank account scheme called `TMB Janatha' to cater to the needs of the low income group people who normally do not have access to banking services. One can ... More PUBLIC SECTOR BANKS PNB reorganises zonal structure PUNJAB National Bank has reorganised its zonal structure to achieve further business growth and also to ensure better customer service in a competitive environment. This reorganisation has led to setting up of seven additional zonal ... More
Indian Bank adopts village
PNB opens Malappuram branch
BoB shifts regional office
New PNB zone in Karnataka RESTRUCTURING 
Bank of Baroda to restructure subsidiariesBANK of Baroda (BOB) is planning to revamp its subsidiaries by infusing fresh capital and providing new competencies, said Dr A.K. Khandelwal, Chairman and Managing Director. "We have already started the process. It is a priority item now," Dr ... More FIXED DEPOSITS 
Bank of Rajasthan hikes deposit ratesMUMBAI: Bank of Rajasthan has increased interest rate on domestic term deposit of different maturities. |
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