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Karnataka
Bank to expand kisan card network
Mangalore: In keeping with a directive from the
Reserve Bank of India (RBI), the Mangalore-based private
sector Karnataka Bank is in the process of bringing all
`eligible farmers' within the network of its kisan credit
card scheme.
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Post-Akshardham,
insurers target temples
New Delhi: After the recent terrorist attack on
the Akshardham Temple in Gujarat, temples across the country
have become the target of a different set of people -
the insurers. Sensing new business potential, the marketing
staff of insurance companies have quickly swung into action
and are getting in touch with temple trusts for selling
insurance covers amidst greater realisation of the need
for such protection.
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IOB
chief assures officers full backing on loan decisions
Chennai: The Chairman and Managing Director of
the Indian Overseas Bank, S.C. Gupta, yesterday assured
the officers of his bank that he would back them in case
any of their bonafide lending decisions goes wrong.
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Bonds
perk up on divestment hopes
Mumbai: Sentiments were driven by the reiteration
of the Government's commitment to meeting divestment targets
for the current fiscal.
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Treasuries
underperform again
This fortnight again belonged to the non-Treasury assets.
All asset classes performed better than the Treasuries.
The 5-year MIFOR and the `AAA' yields dropped by a whopping
30 basis points in this period. shed a good 20 basis points,
whereas the 5 and 10-year Treasuries fell by only about
9 and 5 basis points respectively.
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Tough
negotiations ahead, say bank unions
Chennai: The first round of negotiations for the
8th bipartite wage settlement between the Indian Banks'
Association and the banking sector unions is to be held
on October 25. The General Secretary of the All-India
Bank Officers Confederation (AIBOC), Shanta Raju, has
warned that tough negotiations are ahead.
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Bankers
told to be wary of globalisation moves
Chennai: Global trading in currencies has the potential
to sweep away all the economic gains a country can achieve
by hard work, Mr S. Gurumurthy, columnist and the founder
of the Swadeshi Jagran Manch, said at meeting here on
Sunday.
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