MONEY & BANKING
INSIGHT
Mechanics of farm loan waiver
In 2007-08, gross domestic product (GDP) is estimated to grow at 8.7 per cent and agriculture (which accounts for 17.5 per cent of GDP) a mere 2.6 per cent. While growth of agricultural credit is all set to exceed the 2007-08 target, credit in ...
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FOREX
Exporters cancelling, rebooking forward hedges
In line with dollar’s northward movement
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Rupee gains on dollar sales
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LIFE INSURANCE
Birla Sun Life widens capital base
Hyderabad, March 12 The promoters of Birla Sun Life Insurance have infused an additional capital of Rs 124.50 crore into the capital base to meet the capital expenditure plans, expansion of infrastructure and to conform to the solvency margin ...
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GENERAL INSURANCE
Mediclaim renewals: ‘Don’t overcharge senior citizens’
Hyderabad, March 12 The Insurance Regulatory and Development Authority (IRDA) has asked the public sector general insurance companies to ensure that the renewal premiums charged to the senior citizens on mediclaim policies should not be ...
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Livestock insurance makes farmers to go in for cross-breeding
ICICI LOMBARD EXPERIENCE
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DERIVATIVES MARKETS
Derivatives: Not the rotten apple after all!
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HUMAN RESOURCES
Insurers hiring at brisk pace
Mumbai, March 12 The insurance sector is poised to become one of the biggest employment generators in India. Private insurance companies such as ICICI Prudential Life, Bajaj Allianz and HDFC Standard Life have virtually doubled their ...
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PRIVATE BANKS
CSB opens circle office
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PUBLIC SECTOR BANKS
UCO Bank to shore up equity base
Kolkata, March 12 UCO Bank is considering several options to restructure its capital base. The shareholders have authorised the bank to raise up to Rs 625 crore through Perpetual Non-Cumulative Preference Shares. The bank will also ...
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New CGM for Corporation Bank
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INTEREST RATES
Banks on bulk deposits chase
Offer over 10% for short-term when call rates hover around 6%
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GOVT BONDS
Bond prices move up
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SHORT TERM INSTRUMENTS
Call rates end marginally down
Call rates were slightly lower at 6-6.05 per cent against the previous close of 6.05- 6.15 per cent. “Call is comfortable now, but it will go up after the advance tax outflow, next week,” said a bank official. In the one-day reverse ...
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CREDIT CARDS & DEBIT CARDS
Sub-prime credit cards: The new financial steroids
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OVERSEAS INVESTMENTS
Andhra Bank may start US operations in April
New Jersey office to target NRI techies, business community
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