MONEY & BANKING
PENSION PLANS
9 States to join Centre's pension plan; Bengal says no
Though the West Bengal Government had originally shown interest in the Centre's scheme, it had formally conveyed its decision to back out.
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FOREX
Rupee in tight band; gilts up
MUMBAI: The domestic currency ended at 45.86 a dollar on Friday, unchanged from its previous closing levels. According to dealers, although the market remained bogged down by concerns on the oil price front, other factors, such as the ...
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HOUSING FINANCE
HDFC extends bonanza offer in central and south Kerala
KOCHI: Following the good response to the home loan bonanza scheme launched in North Kerala, HDFC has launched a similar programme targeted at customers in Central and South Kerala. The scheme offers everything that a buyer seeks, right ...
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HDFC opening another branch in Coimbatore
HDFC has recorded 35 per cent plus growth in business here in the first six months of the current fiscal, compared to about 30 per cent in the rest of the State. To handle the increasing business volume, it is opening a second branch office at ...
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GENERAL INSURANCE
United India bucks trend; business dips in August
UNITED India Insurance's performance dipped in August this year after it lost some big accounts, even as the general insurance industry's premium grew by 14.5 per cent over August last year. United India was the only company among the 13 ...
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DEBT MARKET
To improve liquidity in debt market — Banks, insurers seek multiple trading platforms
`Multiple systems offer greater liquidity and could help contain sudden spikes in yields. Besides being the international practice, the mechanism would offer greater transparency and be superior to the NDS where only concluded deals are reported.'
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PUBLIC SECTOR BANKS
Exclusive SBI unit for mid corporate clients
THE Hyderabad regional office of the `Mid Corporate Group' (MCG), set up by State Bank of India, was inaugurated by the bank's Chief General Manager, Mr S.K. Bhattacharyya, here on Friday. MCG has been set up as a separate business unit to ...
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Canbank signs MoU with CLAAS
BANGALORE: Canara Bank has signed a memorandum of understanding with CLAAS India Ltd, an international farm equipment maker. A Canbank release said that the MoU would facilitate financing of harvester combines which could be used under ...
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EVENTS
`Roadshow of India-specific mobile ATM'
THE US-based NCR Corporation and the Bank of Punjab organised a roadshow here on Friday to demonstrate the first India-specific mobile ATM christened "ASAN'' (easy). Addressing a press conference, the NCR Regional Manager, Mr Rajiv Arora, said ...
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ECONOMIC OFFENCES
Economic Offences Wing proposes `depositors day' in Chennai
AGGRIEVED depositors can expect some respite when the Economic Offences Wing (EOW) of the State Police convenes the `depositors day'. The EOW incidentally, is contemplating a session every Saturday at the EOW headquarters in Chennai to listen ...
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Cross Currency Rates
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