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Tuesday, March 21, 2006
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FOREX


Next steps soon: Chidambaram
The Finance Minister, Mr P. Chidambaram, today said that the Government would announce the next steps (towards fuller convertibility of the rupee) in the next few days. "The Prime Minister has made a definitive statement on this issue. The ... More

RBI panel on capital account convertibility
To begin work from May 1 More

Rupee gains on good inflows
The rupee gained on good inflows and a positive equity market on Monday. The central bank was also seen buying dollars to keep the rupee from rising above the 44.35 levels, said dealers. The rupee opened at 44.40/41 and touched ... More

TECHNOLOGY


IDRBT - Infusing technology for efficient banking
`Our efforts are directed at making banking easier and at reaching the benefits to the end customer.' Working closely with AP on a rural micro-finance initiative More

MANPOWER


South Indian Bank announces VRS
Scheme open from April 1-7 More

LIFE INSURANCE


ICICI Prudential cover for LKB home loans
ICICI Prudential Life Insurance has launched `HomeAssure' - a mortgage reducing term assurance product, which will be offered to the customers of its bancassurance partner, Lord Krishna Bank. HomeAssure will cover the outstanding loan ... More

GENERAL INSURANCE


Standalone health insurer gets nod
First product launch in a month More

SLBC for reduced poultry premium
Insurance companies urged to review stand on shrimp farming More

PUBLIC SECTOR BANKS


SBI staff plan indefinite strike from April 3
Employees and officers of State Bank of India (SBI) throughout the country will go on an indefinite strike from April 3 in support of their demands related to pension benefits. The demands include pension at 50 per cent of the last drawn ... More

Andhra Bank opens ATMs
Andhra Bank has announced the inauguration of two automated teller machines (ATMs) - one at MJ Road near Exhibition Grounds and the other at Tirumalgherry. With this, the bank's total ATMs network has increased to 114 in the ... More

GOVT BONDS


Bond market bearish
In the bond market, traded volumes were very low and sentiment was bearish. However, prices rose after 3 p.m.and traders said that RBI could have intervened and purchased securities in the market. Dealers said that bond prices ... More

SHORT TERM INSTRUMENTS


Call rate closes at 7.25 pc
The call rate closed at 7.25 per cent (5.80-6 per cent). In the one-day reverse repo, under the liquidity adjustment facility, the RBI accepted one bid amounting to Rs 140 crore and 23 bids for Rs 15,090 crore through the repo ... More

SECURITISATION


SBI to securitise 30 pc of assets in 2 years
Robust credit demand prompts search for new ways to raise funds More

REGULATORY BODIES & RULINGS


Third-party motor cover can't be denied: IRDA
The regulator warns insurers of necessary action if complaints are received from the public with evidence. More

PEOPLE


Reliance Capital Vice-Chairman
Reliance Capital Ltd on Monday informed stock exchanges that Mr Amitabh Jhunjhunwala, Director of the company, has been designated Vice-Chairman at a meeting of its Board of Directors. Mr Jhunjhunwala has been on the RCL Board ... More

Andhra Bank shareholder-directors
Andhra Bank has announced that four new shareholder-directors have joined its board. They include Mr Prem Prakash Pareek (leading chartered accountant), Mr Sunil Kumar Maheshwari (faculty member of IIM, Ahmedabad), Mr S. ... More




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