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Monthly Archives: November 2009
Reserve Bank To Introduce Polymer Bank Notes
Reserve Bank has plans for rolling out crore polymer notes of Rs.10 denomination on a trial basis very soon. This decision has been adopted by India’s apex bank to put a check on counterfeit currency notes and for the longer existence of the currency notes.
“To increase the life of bank notes, the government has decided [...]
SBI Card mShop Launched
SBI Card has launched its new service, mShop, which could be used by customers for shopping across India by means of mobile phones. SBI Card is the credit card service provided as a joint service by State Bank and GE Capital.
The SBI Card holders can now shop 24×7 over secure networks using the mShop service. [...]
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Advantages Of Life Insurance
Life insurance has no competition from any other business. Many people think that life insurance is an investment or a means of saving. This is not a correct view. When a person saves, the amount of funds available at any time is equal to the amount of money set aside in the past, plus interest. [...]
‘Green Money Transfer’ Service Started In India
Tata Indicom has launched an ambitious project called ‘Green Money Transfer’ in association with Corporation Bank and PayMate technology. This will help the rural people to transfer money via the mobiles.
The new green Money Transfer service will use Tata’s PCO service and True Value Shop (TVS) network. PayMate has provided the technology to facilitate this [...]
Insurance is a Social Security
Under a socialistic system the responsibilities of full security would be placed upon the state to find resources for providing social security. In the capitalistic society, provisions of security is largely left to the individuals. The society provides instruments, which can be used in securing this aim. Insurance is one of them. In a capitalistic [...]
HSBC One-Time Tokens To Go Global
The banking major HSBC has indicated that its One-Time Tokens will be rolled out soon to support its anti-fraud solutions. This has been planned to address the security measures in online banking.
Derek Wylde, the head of HSBC’s group fraud risk told that there was very high risk in Internet banking that needed to be addressed [...]
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Indian industry urges Finance Minister to continue stimulus
Indian industry on Tuesday urged the government to continue with the fiscal stimulus at least for six months, as withdrawing them could choke faster recovery of the economy.
“All industries felt that the fiscal stimulus should continue for a while because the recovery was fragile and it needs to be more robust specially for export-led industries [...]
Insurance Of Intangibles
The concept of insurance has been extended beyond the coverage of tangible assets. Exporters run the risk of losses, if the importers in the other country default in payments or in collecting the goods. They will also suffer heavily due to sudden changes in currency exchange rates, economic policies or political disturbances in the other [...]
Indian Bank signs MOU with HMIL