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Top Stories |
Rajiv Takru appointed Financial Services Secretary
The Appointments Committee of the Cabinet has appointed Rajiv Takru, a 1979 batch IAS officer of Gujarat cadre, as Secretary in the Department of Financial Services (DFS).
He will replace the incumbent DFS Secretary D.K. Mittal when the latter superannuates on January 31, 2013.
G-secs need more retail investors, says H.R. Khan
Reserve Bank of India Deputy Governor H.R. Khan on January 09, 2013 stressed the need for bringing in more retail investors in the Government securities market.
According to Khan, “On the face of it, it looks very odd that the Government promotes instruments of corporates and gives tax concession but does not extend the same treatment to its own instrument.”
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Indian Financial Institutions |
Syndicate Bank new branch at Nagaram
Syndicate Bank has opened a new branch at Nagaram, Keesara Road.
A.S. Rao, Regional Director, Reserve Bank of India, Hyderabad had inaugurated the branch in the presence of M. Anjaneya Prasad, Executive Director, Syndicate Bank.
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Products & Alliances |
Vijaya Bank deposit scheme
Vijaya Bank has launched a deposit scheme, ‘V-Abhivriddhi’.
The scheme offers higher returns to depositors and is for a three-month period from January 1 to March 31.
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International news |
Opening of Indian banks in Vietnam will help bilateral trade
India has expressed confidence that once Indian banks are fully operational in Vietnam, it will help achieve the bilateral trade target of $7 billion by 2015. Addressing the media after a meeting with the visiting Vietnam Deputy Prime Minister Vu Van Ninh, External Affairs Minister Salman Khurshid
Former SBI Chairman Natarajan passes away
V.S. Natarajan, former Chairman of State Bank of India, passed away this morning at his home at Boat Club Road in Chennai. He was to be 90 in a couple of days.
Joining the bank in 1943, he held various senior-level positions before becoming the Chairman of the bank in 1982.
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State Bank of Bikaner and Jaipur, a bank with innovations
The genesis of State Bank of Bikaner and Jaipur dates back to 1943-44 when both State bank of Jaipur and State bank of Bikaner came into existence.
In 1960, both banks were incorporated as subsidiaries of State Bank of India and in 1963 both banks were merged into one entity – State Bank of Bikaner and Jaipur, whereby, 75 per cent of the shares were held by SBI while the remaining by institutions and general public.
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11.1.2013
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| Currency |
Rate (Rs.) |
Change |
| USD |
54.54 |
0.09 |
| Euro |
72.29 |
-0.97 |
| GBP |
88.05 |
-0.55 |
| Yen (100) |
61.26 |
0.73 |
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11.1.2013 17.00
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Index |
Change |
| NIFTY |
5951.30 |
-17.35 |
| SENSEX |
19663.64 |
0.09 |
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Market Updates |
Sensex ends flat
After a buoyant start, the market turned easy, slipped into the red and finally ended marginally down on January 11, 2013..
IT stocks had a good outing following Infosys' better than expected results and earnings forecast.
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