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Monday, March 21, 2005

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MONEY & BANKING

INSIGHT


Making sense of Basel II norms
IN 1988, the Bank for International Settlement (BIS)-based Basel Committee on Banking Supervision came out with regulations regarding the capital requirements of banks. Although these were essentially intended for ... More

LIFE INSURANCE


Kotak Life to focus more on ULIPs
KOTAK Life Insurance plans to increase its focus on unit-linked insurance plans (ULIPs). According to Mr Subhasis Ghosh, Vice-President, East & South, ULIPs currently contribute 40-50 per cent of the company's products. Adding to its suite ... More

GENERAL INSURANCE


Insurance unions plan strike on March 23, 24
OFFICERS and employees of the public sector general insurance companies have threatened to go on strike on March 23 and 24 demanding resumption of wage revision talks and beginning of promotion exercise at the earliest. The unions under the ... More

DEBT MARKET


Bonds weak on oil concerns, $ loan prepayment
BONDS fell last week despite a surge in foreign currency inflows, driven by uncertainty over rising oil prices and the consequent impact on domestic inflation. Traders said that corporate rush to shed foreign currency liabilities also ... More

PRIVATE BANKS


South Indian Bank studying options to raise fresh capital
SOUTH Indian Bank Ltd (SIB), which plans to raise its net worth to Rs 1,000 crore by 2008, is looking at various options to raise capital. The bank, in which ICICI Bank is the single largest stakeholder, is unfazed at the prospect of the ... More

Karnataka Bank 377th branch
MANGALORE: The Deputy Chairman of Rajya Sabha, Mr K. Rahman Khan, inaugurated the 377th branch of Karnataka Bank at Dwarka in New Delhi recently. A bank release said that Mr Khan commended the role being played by Karnataka Bank with its ... More

CORPORATE BONDS


ICICI Bank, IDBI launch tax-saving bonds
ICICI Bank and IDBI are launching tax-saving bonds to raise Rs 350 crore and Rs 400 crore, respectively before the end of this fiscal. While IDBI bonds will be open for subscription from March 21 to March 29, ICICI Bank bonds will be open for ... More

SHORT TERM INSTRUMENTS


Rs 2,000-crore T-bills auction
MUMBAI: The Reserve Bank of India proposes to raise Rs 2,000 crore through the auction of 91-day Government of India treasury bills. Of this amount, Rs 500 crore will be auctioned under the regular auction calendar and Rs 1,500 crore ... More

CO-OPERATIVES


KSCB draws up new schemes
THE Kerala State Co-operative Bank (KSCB) has chalked out a couple of new schemes in its budget for 2005-06. One of the schemes is for extending loans for the purchase of agricultural lands of a maximum of five acres. The loan amount, which ... More

ECONOMIC OFFENCES


Alert on bank frauds
POLICE have cautioned chartered accountants on the increasing number of bank frauds and advised the auditing profession to effectively monitor banking transactions accounts to prevent major losses to public at large. Addressing a day-long ... More


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Top Stories
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In Focus

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In Depth

Gender Justice
Simple Economics
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Looking back
Mar. 13-Mar. 19
Forex reserves up $1.9 b on inflows

IDBI allots Rs 100 cr for hotel projects

Current account matters in currency market

Bond traders cautious on rising oil prices

`Withdrawal tax may drive depositors to post offices'

Managed services: A new trend in banking

Forex reserves higher than required, says expert

States seek interest waiver on bonds — Bankers in a fix over threat to default on payments

ICICI Bank micro credit disbursements treble

Fringe benefit tax may hit group superannuation schemes

Insurance hits high tide in March

Missing the wood for the trees


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