MONEY & BANKING
Flatter US yield curve ahead?
Voices predicting a US recession are growing louder by the day. Their view has been buttressed by the rash of weak data on several fronts - housing, jobs, consumer confidence (though it has picked up in the latest survey), business activity, ...
A code for banks
The Code obliges banks to be fully accessible to customers at all times and emphasises good and fair banking practices and transparency of operations.
The rupee strengthened against the dollar on Tuesday on good supplies. The currency opened at 45.86/88 to end the day at 45.75, up from Friday's 45.93/94. Forex dealers said the rupee was tracking the movement of the other ...
Corporation Bank's home loan utsav
Corporation Bank will conduct `Home Loan Utsav' from October 3 to November 2. As part of this, the bank has slashed interest rate on home loans by 0.5 per cent for tenures above five years up to and inclusive of 25 years. A ...
LIC registers 150-pc rise in new premium income
Special drive to promote social security schemes
`It's business as usual' at UWB Mumbai Zone
Business as usual. That's how Mr V.S. Kulkarni, Zonal Manager of erstwhile United Western Bank (UWB), describes the situation on the ground, speaking to Business Line from Mumbai. He should know. For, he is at the helm of the Mumbai zone ...
PUBLIC SECTOR BANKS
Union Bank opens 10 branches
Union Bank of India opened two branches in Visakhapatnam - at Madhurawada and Gajuwaka - besides eight others in the other States on Tuesday. With the two branches, the number of branches here has gone up to 10. The Madhurawada branch was ...
SCB to offer equity-linked notes to cos
Standard Chartered Bank (SCB) plans to expand its product offerings on `convertibles' through instruments such as equity-linked notes. SCB has so far not ventured into the equity side and only recently obtained regulatory approval to foray ...
NRE deposit rates cut
Karnataka Bank Ltd has revised interest rates on its NRE and FCNR (B) deposit schemes with effect from October 1. A bank release said here that interest rate on NRE term deposits has been reduced to 6.30 per cent (6.41 per ...
Bond prices close higher
Bond prices were range-bound while ending higher on easy crude oil prices. Long government papers saw an upward movement of about 30 paise. These papers have seen consistent activity since the announcement of the government ...
SHORT TERM INSTRUMENTS
Call rates ease
Call rates were tight at 6.5-6.6 per cent, though lower from the previous close (7.4-7.6 per cent). They have been on the higher side after the advance tax outflow as liquidity was under slight pressure, said a dealer. Call ...
MERGERS & ACQUISITIONS
IDBI merger: Happy Dussera for UWB customers
RBI lifts moratorium; UWB to function as strategic business unit
Catching up with a CMD on the highway
On a day when IDBI Ltd became a bigger bank, after absorbing United Western Bank, where was the Chairman and Managing Director of IDBI, Mr V.P. Shetty? In the heart of Maharashtra. "To give confidence to people and employees." That's how he ...
ICICI OneSource expands ops
ICICI OneSource has started operations at its 422-seat facility in Buenos Aires, Argentina. This is the BPO company's fourth global delivery centre outside India. ICICI OneSource will provide one of its US-based telecom clients ...
TRADE & LABOUR UNIONS
LKB, Centurion merger opposed
The All India Private Sector Bank Officer's Federation has strongly opposed the move to merge Lord Krishna Bank with Centurion Bank of Punjab. The proposed merger once again exposes the double standards of the Government with ...
Insurance unions call for strike
Labour unions in public sector general insurance companies have called for a strike on Thursday, to protest the implementation of the arbitrary transfer and mobility policy. The four public sector general insurance companies ...
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