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Monday, March 27, 2006
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MONEY & BANKING

FARM CREDIT


Interest cut on loans for poultry units
In a bid to bail out the poultry industry, which has been hit hard by the birdflu outbreak, the Government today decided to grant a one-time reduction of four percentage points in interest payment on bank loans taken by poultry units. This ... More

FINANCIAL SERVICES


The City of London offers packages for cos, State govts
Name your need, we have the solution, says Lord Mayor More

Stock Holding Corpn bags e-Stamping project from Maharashtra Govt
Stock Holding Corporation of India (SHCIL), a custodial service provider for institutional clients, has won the mandate from the Maharashtra Government for electronic stamping (e-Stamping) of documents. The Union Government had earlier mandated ... More

REGIONAL RURAL BANKS


Four RRBs of SBH merged
The four regional rural banks (RRBs) sponsored by State Bank of Hyderabad (SBH) have been merged into a single entity named as Deccan Grameena Bank with headquarters at Hyderabad vide the Government notification dated March 24. ... More

INSIGHT


Capital account revisited
Full convertibility will put in place enabling conditions for Indian corporates and banks to be more effective players in the global scene. But the Tarapore Committee (II) will have to assess the risks to the economy in the light of the emerging cur rent account deficit and the increasing play of hedge funds in the Indian market, says S. VENKITARAMANAN. More

SOFTWARE


`Elixir' of business
Mastek feels its component-based solution for the insurance sector gives it that edge. More

LIFE INSURANCE


`Home Assure' mortgage offer
ICICI Prudential Life Insurance has expanded its bancassurance partnership with Lord Krishna Bank to launch Home Assure, a mortgage reducing term assurance product. Home Assure will cover the outstanding loan amount of LKB's home ... More

Max New York enters Vijayawada
Max New York Life Insurance Company Ltd has expanded its operations in Andhra Pradesh by launching operations in Vijayawada. In a press release here, the company said it now has three branch offices and a bancassurance ... More

DEBT MARKET


Bond traders bet on yields rising further
Credit offtake remains buoyant; banks prefer repo route More

GOVT BONDS


PSBs exiting State development loans
Low coupon, long tenor papers seen risky amid tightening liquidity, rising yields More

FIXED DEPOSITS


CBDT specifies reporting format for banks
Interest paid on term deposits without TDS More

M-COMMERCE


TCS working on mobile phone banking technology
Will mobile phones remain telephone instruments? Or would they take on the hues of entertainment or even allow banking facilities to happen? Mr S. Ramadorai, Chief Executive Officer and Managing Director, Tata Consultancy Services, feels that ... More

PEOPLE


GS Matta is Punjab & Sind Bank ED
Mr G.S. Matta has taken over as the Executive Director of Punjab & Sind Bank, according to an official release. Mr Matta started his career with Indian Oversees Bank in 1968. He joined Punjab & Sind Bank in August ... More



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