MONEY & BANKING
FINANCIAL SERVICES
Federal Bank’s money transfer facility for NRIs in US
Kochi, Feb. 27 Federal Bank, on Wednesday, launched Fed-India remit service (FIRSE), the Web-enabled money transfer facility between the US and India, targeted at the NRI population. The facility is expected to shrink the time required for ...
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FOREX
Rupee firmer by 11 paise
The rupee gained 11 paise against the dollar on Wednesday because of some activity in the non-deliverable forwards (NDF) market. The home currency opened strong at 39.82/84 and it ended the day at 39.79, up from the previous close of 39.90/91. ...
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Gold peaks on weak US currency
Mumbai, Feb. 27 Prices of precious metals continued to scale to new highs in the international market, tracking which the domestic market zoomed to record prices. Gold in the London spot market marked a high of $965.70 an ounce on ...
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SOFTWARE
Union Bank to use 3i Info tool
City based 3i Infotech has entered into an agreement with Union Bank of India to implement AMLOCK, the company’s anti money laundering software. Mr Anirudh Prabhakaran, Chief Operating Officer, 3i Infotech – South Asia, said, ...
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NBFCS
Manappuram Finance mulls interim
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LIFE INSURANCE
Max New York opens office in Kochi
Kochi, Feb. 27 Max New York Life Insurance has expanded its footprint in South India and strengthened its operations in Kerala by opening its first general office in Kochi today. With this, the company has established a countrywide ...
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CREDIT RATING
SBT signs MoUs with credit raters
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HUMAN RESOURCES
Union Bank may double recruitments
Coimbatore, Feb. 27 Union Bank of India is planning to recruit in a big way. The bank, according to its Chairman and CEO, Mr M.V. Nair, plans to recruit 20,000 people by 2012, which is almost equal to its present team ...
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GOVT BONDS
Bond prices up 15 paise
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CREDIT MARKET
More banks tapping Nabard refinance window
Tight liquidity makes CDs pricey even as need for funds rises
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SHORT TERM INSTRUMENTS
Call rates close marginally higher
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NEW PRODUCTS & SERVICES
ING Vysya unveils new product
ING Vysya Life Insurance has launched ING Guaranteed Growth Plan, a new unit-linked product, in Kerala. Speaking at a press conference here on Wednesday, Mr L. Murli, Regional Vice-President, ING Vysya Life Insurance, said that the new product ...
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