MONEY & BANKING
FOREX
Rupee steadies on RBI support
MUMBAI: The domestic currency plunged to 46.49/51 intra-day, near to its lowest in over a year as the inflation number at 7.51 per cent sparked apprehensions of the same rising further. The rupee closed at 46.3750 per dollar, fairly ...
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INSURANCE
IRDA draft norms for training institutes
IN a bid to streamline the functioning of the insurance agents' training institutes, the Insurance Regulatory and Development Authority proposes to issue instructions/guidelines for accreditation by the regulator. The IRDA Chairman, Mr C.S. ...
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HOUSING FINANCE
Four-day home exhibition in Hyderabad
HYDERABAD: ICICI Bank Home Loans and ICICI Bank Home Search have launched `Home Utsav', a property exhibition at the Institute of Engineers. The four-day utsav beginning on Friday, will display over 500 properties from all the major ...
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HUMAN RESOURCES
SBI dumps exit option for `de-motivated' staff
THE proposed `exit option' prepared by State Bank of India (SBI) to rid itself of its "frustrated and de-motivated' staff has itself been shown the exit door. Developing cold feet over the possible legal implications of a scheme that could be ...
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PRIVATE BANKS
`Regional bank heads must ensure aggressive marketing of products'
THE Chairman and Chief Executive Officer of Karnataka Bank Ltd, Mr Ananthakrishna, has appealed to the regional heads of the bank to ensure aggressive marketing of its wide range of products to make them attractive for users and lucrative for the ...
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Bank of Rajasthan goes live with RTGS
BANK of Rajasthan has announced that it has gone live with the Real Time Gross Settlement (RTGS), which enables instant transfer of funds between banks and institutions. To begin with the RTGS will facilitate on-line settlement of inter-bank ...
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PUBLIC SECTOR BANKS
Union Bank tractor loans
UNION Bank of India has signed a memorandum of understanding for a tractor financing arrangement with Indo Farm Tractors & Motors Ltd and L&T - John Deere Pvt. Ltd on all India basis. To be eligible for finance under this arrangement, the ...
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Canara Bank dividend
CREDIT CARDS & DEBIT CARDS
Plastic money gaining currency fast
FINANCIAL cards witnessed a robust growth in India in 2002-03. The number of cards in circulation increased by almost 50 per cent. The growth in transaction value, at 95 per cent, was even more spectacular. These results are attributable to the ...
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EVENTS
Indian Bank loan mela in Coimbatore
COIMBATORE: Indian Bank's Sivananda Colony Branch, will organise a `loan mela' in the city on August 8. Indian Bank's other city branches including the Siddhapudur, Ramnagar, RS Puram, Devangapet and Sukravarpet will also participate in ...
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Cross Currency Rates
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