| K'taka to enter microfinance |
20-NOV-10 |
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Close on the heels of the recent controversy surrounding over the microfinance institutions, Karnataka government has decided to foray into the micro finance business with an initial corpus of Rs 500 crore.
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| MFI ordinance to protect the poor: AP |
20-NOV-10 |
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The Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Ordinance 2010 does not seek to deal with, even remotely, the aspects of incorporation, regulation and winding up of trading corporations nor is it connected with banking, according to the state government.
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| LIC cuts notional loss in three schemes by 5% |
20-NOV-10 |
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Life Insurance Corporation of India (LIC) brought down the cumulative ‘notional loss’ in three of its pension plans by around five per cent from Rs 14,000 crore in the year ended March 2010, a senior LIC official said today.
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| Guidelines for listing insurance firms soon |
20-NOV-10 |
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The Insurance Regulatory and Development Authority (Irda) will soon issue guidelines for listing of insurance companies and portability of motor and health insurance policies between companies, Chairman Hari Narayan has said.
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| Deepak Lal: Financial engineering |
20-NOV-10 |
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The story of financial engineering, which created more and more complex debt instruments in which tail risk was ignored, is well known (see Gillian Tett: Fools Gold; Raghuram Rajan: Fault Lines).
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| Bernanke turns tables on China |
20-NOV-10 |
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Federal Reserve Chairman Ben S Bernanke took his defence of the US central bank’s monetary stimulus abroad, saying it will aid the world economy, and implicitly criticised China for keeping its currency weak.
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| China raises banks' reserve ratio |
20-NOV-10 |
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China ordered banks to set aside larger reserves for the fifth time this year, draining cash from the financial system to limit inflation and asset-bubble risks in the world’s fastest-growing major economy.
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| LIC gets a clean chit from the regulator |
20-NOV-10 |
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Life Insurance Corporation of India (LIC), which has been in the eye of a storm over the past few days, received solid backing from the insurance regulator on Friday.
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| Reaching out to 600 mn is the challenge ahead |
20-NOV-10 |
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The 18 graduating students of the Institute of Insurance and Risk Management (IIRM) on Friday had a lesson that was probably as relevant as any they had during their one-year course.
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| SEC probing Citi role in $1 bn mortgage deal: Report |
19-NOV-10 |
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The US Securities and Exchange Commission is investigating Citigroup Inc’s role in a $1 billion mortgage-backed securities deal in 2007, ProPublica reported on Thursday, citing people familiar with the probe.
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| Banking on synergy |
19-NOV-10 |
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For someone who used to consider acquisitions a distraction, and saw organic growth opportunities as India’s “sweet spot”, Axis Bank Managing Director and CEO Shikha Sharma was quick to grab an opportunity for merger when it came her way.
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| N Chandra Mohan: Emerging lessons |
19-NOV-10 |
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When this writer was doing his research at the Centre for Development Studies in the late 1970s, Professor Kazushi Ohkawa of Hitotsubashi University gave a talk on Japan’s successful economic development and the lessons it held for developing economies.
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