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Tuesday, March 22, 2005

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FINANCIAL SERVICES


Managing fixed income securities
MANGALORE: Mr R. Bhaskaran, Chief Executive Officer of the Indian Institute of Banking and Finance (IIBF), has said that risk is a major component in financial transactions. Delivering a lecture on `Fixed income securities management and ... More

REGIONAL RURAL BANKS


Chitradurga Gramin Bank turns around
The Sanghakshema Vima Yojane is an insurance-linked savings product developed for self help groups (SHGs). In addition to life risk cover, it provides health insurance cover for the SHG member, spouse and two dependent children up to Rs 10,000. More

PENSION PLANS


Pension Bill tabled; Left stages walkout
THE Government's efforts to bring about a statutory regulatory mechanism for the new pension system (NPS) appear to be running into rough weather, with the Left parties walking out of the Lok Sabha over the introduction of the Pension Fund ... More

FOREX


Rupee, gilts fall on rising oil prices
MUMBAI: The rupee ended at 43.72/73 against the US dollar, lower than Friday's close of 43.65/66 on dollar buying. The strengthening of the dollar against the euro and other foreign currencies as well the spiralling oil prices were also ... More

LIFE INSURANCE


MetLife sees break-even here by 2009
The company that started its India operations in January 2002 hopes to break even by 2009. Mr Robert Benmosche, CEO and Chairman, MetLife Inc, said that from the business perspective India is strategic to its international business considering ... More

PUBLIC SECTOR BANKS


Allahabad Bank dividend
KOLKATA: Allahabad Bank has issued a cheque for Rs 35 crore asinterim dividend for 2004-05 to the Government, its largest shareholder with a 71.16 per cent stake. Earlier, the Allahabad Bank board had announced a 15 per cent interim ... More

NON-PERFORMING ASSETS


ARCIL buys Rs 12,000-cr NPAs for Rs 2,500 cr
ASSET Reconstruction Company India Ltd (ARCIL) has so far acquired in excess of 200 non-performing assets amounting to Rs 12,000 crore worth of dues payable by the borrower. The acquisition cost of the assets to ARCIL, i.e., the security ... More

CREDIT MARKET


IFMR research on micro-finance models with MIT
IN India, there are some 400 million people in nearly six million villages waiting for small loans. There is scope for lending Rs 45,000 crore to these people. Against this potential, only about 20 million have been served so far by the organised ... More

TRADE & LABOUR UNIONS


Nabard staff to join strike
THIRUVANANTHAPURAM: Officers and employees of the regional office of the National Bank for Agriculture and Rural Development (Nabard) here will join the two-day nationwide strike called by the Nabard Officers Association and the All-India ... More

Bank strike today
THE United Forum of Bank Union, an umbrella organisation of four officers' unions and five workmen organisations, has called for an all-India strike on March 22, to oppose mergers and acquisitions of public sector banks as well as allowing up to ... More

TRENDS


Coins turn dead weight for some banks
LOOK at how the much sought-after money becomes a burden for some of the banks such as Dhanalakshmi and Vijaya, which provide services to major pilgrim centres such as Sabarimala and Chottanikkara. They seem to be finding it difficult to ... More


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