Business Daily from THE HINDU group of publications
Saturday, October 03, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, October 03, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING INTEREST RATES: RBI may hike key rates early next fiscal To counter pressure on liquidity and control inflation. Mumbai, Oct. 2 The central bank may unwind its accommodative monetary policy by hiking key rates in the first quarter of FY-2011, say bankers ... GENERAL INSURANCE: Insurers look to raising motor third party insurance premium Bid to offset huge underwriting losses. Mumbai, Oct. 2 The general insurance industry is clamouring for a hike in premiums on motor third party insurance to make up for the underwriting losses arising from this line of ... FIXED DEPOSITS: LVB slashes deposit rates Lakshmi Vilas Bank has effected a 25–50 basis points cut on deposits in the one and three-year time bucket from October 1. It has, however, not tinkered with the term deposit rates of up to one year and beyond three years. On the one-two ... PUBLIC SECTOR BANKS: Corporation Bank plans massive implementation Mangalore, Oct. 2 Corporation Bank, which started implementing IT-enabled financial inclusion solutions through pilot ‘branchless banking’ projects, is now ready to scale up ... FINANCIAL SERVICES: Smart-card solution may hold the key to financial inclusion To enable speedy deployment, enhance customer convenience. Mangalore, Oct. 2 On a visit to Soorinje, a village in Dakshina Kannada district, in 2007 for a story on a branchless banking model, one found it in an IT-enabled hand-held device for ... PUBLIC SECTOR BANKS: United Bank to upgrade branches Kolkata, Oct. 2 In a run-up to the initial public offering, United Bank of India plans to upgrade its branches, improve the ambience of its branches and train its staff to make banking a pleasant experience, according to its Executive ... LIFE INSURANCE: Life insurers may not need more capital infusion Life insurance companies may not need infusion of additional capital in 2010-11 to meet solvency requirement even as the Insurance Regulatory and Development Authority’s new valuation norms come into force in the current ... FOREX: Forex reserves fall by $860 million Mumbai, Oct. 2 Foreign exchange reserves fell $860 million to $280 billion for the week ended September 25, according to figures released in the Reserve Bank of India’s weekly ... FINANCIAL SERVICES: Banks to open more currency chests in Sikkim Mumbai, Oct. 2 In an effort to improve the banking reach in Sikkim, the Reserve Bank of India has said that banks will open additional currency chests in the State in the next nine months. This will ensure that all the district headquarters ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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