ÿþ <html> <head> <title>The Indian Institute of Banking &amp; Finance</title> <style class="text/css"> .title1 { font-family: Verdana; font-size: 10pt; font-weight: bold; color: #cc0000; } .subtitle { font-family: Verdana; font-size: 8pt; font-weight: bold; color: #2b6ce0; } .subtitle1 { font-family: Verdana; font-size: 8pt; font-weight: normal; color: #2b6ce0; } p { font-family: Verdana; font-size: 8pt; font-weight: normal; color: #253378; text-align:justify; } .normal { font-family: Verdana; font-size: 8pt; font-weight: normal; color: #253378; } .small { font-family: Verdana; font-size: 8pt; font-weight: normal; color: #253378;} .small1 { font-family: Verdana; font-size: 8pt; font-weight: normal; color: #253378; text-align:justify;} ul { font-family: Verdana; font-size: 8pt; font-weight: normal; color: #253378; } ol { font-family: Verdana; font-size: 8pt; font-weight: normal; color: #253378; } li { font-family: Verdana; font-size: 8pt; font-weight: normal; color: #253378; } b { font-family: Verdana; font-weight: bold; } i { font-family: Verdana; font-style: italic; } .td { font-family: Verdana; font-size: 8pt; font-weight: normal; color: #253378; } a:link { font-family: Verdana; font-size: 8pt; color: #4452b9; text-decoration:underline; } a:visited { font-family: Verdana; font-size: 8pt; color: #4452b9; text-decoration:underline; } a:hover { font-family: Verdana; font-size: 8pt; color: #4452b9; text-decoration:underline; } a.link1:link { font-family: Verdana; font-size: 8pt; font-weight:bold; color: #4452b9; text-decoration:none; } a.link1:visited { font-family: Verdana; font-size: 8pt; font-weight:bold; color: #4452b9; text-decoration:none; } a.link1:hover { font-family: Verdana; font-size: 8pt; font-weight:bold; color: #4452b9; text-decoration:underline; } .myLink { font-family: Verdana; font-size: 8pt; font-weight: normal; color: #2b6ce0;cursor:hand } </style> <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1"> <link rel="stylesheet" href="style.css" type="text/css"> </head> <body bgcolor="ffffff" topmargin="0" leftmargin="0" marginwidth="0" marginheight="0"> <input type="hidden" name="hdImageNo" value=""> <input type="hidden" name="hdImageNo_1" value=""> <table border="0" cellpadding="0" cellspacing="0" width="600" align=center> <tr> <td><img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/newslet-mast.gif" border="0"><br clear=all></td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" width="600" align=center> <tr> <td bgcolor="6aa3e8" align=right height="13" class=normal>Friday, March 12, 2010&nbsp;</td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" width="600" align=center> <tr> <td width="1" bgcolor="#c7c7c7"><img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/tran.gif" width="1" height="1"></td> <td valign=top width="339" bgcolor="f6f6f6"> <img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/tran.gif" width="339" height="1" border="0"><br clear=all> <!---left data ---> <table border="0" cellpadding="12" cellspacing="0" width="100%"> <tr> <td class="small1"> <table border="0" cellpadding="3" cellspacing="0"> <tr> <td valign=top><img alt="" src="http://www.iibf.org.in/Admin/newsletter/uploadImages//topstories.gif" border="0"></td> <td valign=top><span class="title1">Top Stories </span></td> </tr> </table> <img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/tran.gif" width="1" height="8"><br clear=all> <a target='_blank' class='link1' href=http://www.iibf.org.in/scripts/newsdisplay.asp?n_id=17070>Full convertibility of rupee only gradually: FM</a><br> Finance Minister Mr Pranab Mukherjee said the government was taking necessary steps to gradually move towards full convertibility of the Indian rupee. "Full convertibility of rupee is our ultimate aim. We are gradually moving towards it. But it is not the right time to implement it in one go now," Mr Mukherjee said in reply to a question in the Rajya Sabha. <br> <!--end story--> <table border="0" cellpadding="3" cellspacing="0"> <tr> <td valign=top><img alt="" src="http://www.iibf.org.in/Admin/newsletter/uploadImages//internationalbanking.gif" border="0"></td> <td valign=top><span class="title1">International news </span></td> </tr> </table> <img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/tran.gif" width="1" height="8"><br clear=all> <a target='_blank' class='link1' href=http://www.iibf.org.in/scripts/newsdisplay.asp?n_id=17069>European Monetary Fund idea mooted</a><br> As leaders of the 16-member eurozone grapple to find solutions that would balance helping debt-crisis ridden Greece, the one idea that has gained much traction over the last few days is that of a European Monetary Fund, or EMF. The proposed EMF would function as a European equivalent to the IMF; a lender of last resort to financially troubled eurozone governments to ensure the stability of the euro and global markets. <br> <!--end story--> <img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/tran.gif" width="1" height="8"><br clear=all> <a target='_blank' class='link1' href=http://www.iibf.org.in/scripts/newsdisplay.asp?n_id=17068>SBI to lend in yuan</a><br> The State Bank of India (SBI) has received permission from the Chinese authorities to lend in the local currency, the yuan--becoming the first Indian bank to get such permission from China. With this, the Indian companies operating in China, which borrow about 700 million renminbi or yuan could gain access to about a billion yuan, (about $200 million) from the SBI without depending on the local banks. <br> <!--end story--> <table border="0" cellpadding="3" cellspacing="0"> <tr> <td valign=top><img alt="" src="http://www.iibf.org.in/Admin/newsletter/uploadImages//icon4.jpg" border="0"></td> <td valign=top><span class="title1">Indian Financial Institutions </span></td> </tr> </table> <img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/tran.gif" width="1" height="8"><br clear=all> <a target='_blank' class='link1' href=http://www.iibf.org.in/scripts/newsdisplay.asp?n_id=17065>SBI, Syndicate Bank expand branch network</a><br> State Bank of India (SBI) opened its first NRI branch in Karnataka at Mangalore on March 12. The branch exclusively serve the NRIs of the region with specialised services. Syndicate Bank has opened seven new branches in Andhra Pradesh, including four in Hyderabad. A new ATM counter was also opened in the city.<br> <!--end story--> <table border="0" cellpadding="3" cellspacing="0"> <tr> <td valign=top><img alt="" src="http://www.iibf.org.in/Admin/newsletter/uploadImages//icon-book.jpg" border="0"></td> <td valign=top><span class="title1">Products & Alliances </span></td> </tr> </table> <img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/tran.gif" width="1" height="8"><br clear=all> <a target='_blank' class='link1' href=http://www.iibf.org.in/scripts/newsdisplay.asp?n_id=17067>SBI ties up with Opus Software</a><br> State Bank of India (SBI) signed a $10-million deal with Opus Software Solutions to upgrade its ATM network. The deal will power 25,000 ATMs, 500,000 PoS devices and kiosks and authorized 80 million debit cards by next year. Opus is implementing this solution through its wholly owned subsidiary ElectraCard Services. <br> <!--end story--> <table border="0" cellpadding="3" cellspacing="0"> <tr> <td valign=top><img alt="" src="http://www.iibf.org.in/Admin/newsletter/uploadImages//insurancenews.gif" border="0"></td> <td valign=top><span class="title1">Insurance </span></td> </tr> </table> <img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/tran.gif" width="1" height="8"><br clear=all> <a target='_blank' class='link1' href=http://www.iibf.org.in/scripts/newsdisplay.asp?n_id=17066>NIA plans low-premium mediclaim cover</a><br> New India Assurance Company (NIA), the market leader in the general insurance sector, plans to launch by the end of 2010-11 a low-premium health insurance policy for the masses, according to its Chairman and Managing Director, Mr M. Ramadoss. The proposed mediclaim policy, expected to be one of the lowest priced in the market, would cover a selected number of diseases and also restrict the number of hospitals. <br> <!--end story--> </td> </tr> </table> <!---left data ends ---> </td> <td valign=top width="259" bgcolor="e8f5fd"> <img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/tran.gif" width="259" height="1" border="0"><br clear=all> <!--- Right Data ---> <table border="0" cellpadding="12" cellspacing="0" width="100%"> <tr> <td class="small1"> <table border="0" cellpadding="3" cellspacing="0"> <tr> <td valign=top><span class="title1">Regulatory Changes </span></td> </tr> </table> <img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/tran.gif" width="1" height="8"><br clear=all> <a target='_blank' class='link1' href=http://www.iibf.org.in/scripts/newsdisplay.asp?n_id=17064>IRDA guidelines on corporate agents appointment </a><br> Insurance companies cannot appoint a person from any group having a broking licence as corporate agents/agency, the Insurance Regulatory and Development Authority (IRDA) said. In guidelines on licensing of corporate agents, the IRDA said, applications for corporate agency from those who are already engaged in the insurance business should be referred to it. <br> <table border="0" cellpadding="3" cellspacing="0"> <tr> <td valign=top><img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/icon13.jpg" border="0"></td> <td valign=top class=small1><span class="title1">Discuss:</span> <a target='_blank' href="http://www.iibf.org.in/scripts/BulletinDefault.asp">Click here</a> to tell us your views & see what others have to say about this report.</td> </tr> </table> <br><br> <table border="0" cellpadding="3" cellspacing="0"> <tr> <td valign=top><img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/icon15.jpg" border="0"></td> <td valign=top><span class="title1">Feedback</span></td> </tr> </table> <img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/tran.gif" width="1" height="8"><br clear=all> <a target='_blank' href="http://www.iibf.org.in/scripts/feedback.asp">Click here</a> to give us your valuable feedback in order to enable us to serve you better.<br><br><br> <table border="0" cellpadding="0" cellspacing="0" width="100%" align=center> <tr> <td bgcolor="000000"> <table border="0" cellpadding="3" cellspacing="1" width="100%"> <tr bgcolor="e8f5fd"> <td align=right colspan="3" class="subtitle1"> 12.3.2010 </td> </tr> <tr bgcolor="e8f5fd"> <td align=center class="small"><b>Currency</b></td> <td align=center class="small"><b>Rate (Rs.)</b></td> <td align=center class="small"><b>Change</b></td> </tr> <tr bgcolor="e8f5fd"> <td class="small">USD</td> <td align=right class="small">45.45</td> <td align=right class="small">0.02</td> </tr> <tr bgcolor="e8f5fd"> <td class="small">Euro</td> <td align=right class="small">62.27</td> <td align=right class="small"><Font color=red>-0.25</font></font></td> </tr> <tr bgcolor="e8f5fd"> <td class="small">GBP</td> <td align=right class="small">68.48</td> <td align=right class="small"><Font color=red>-0.40</font></font></td> </tr> <tr bgcolor="e8f5fd"> <td class="small">Yen (100)</td> <td align=right class="small">50.14</td> <td align=right class="small">0.17</font></td> </tr> </table> </td> </tr> </table> <table> <tr> <td> </td> <tr> </table> <br><br> <table border="0" cellpadding="0" cellspacing="0" width="100%" align=center> <tr> <td bgcolor="000000"> <table border="0" cellpadding="3" cellspacing="1" width="100%"> <tr bgcolor="e8f5fd"> <td align=right colspan="3" class="subtitle1"> 12.3.2010 16.00 </td> </tr> <tr bgcolor="e8f5fd"> <td class="small">&nbsp;</td> <td align=center class="small"><b>Index</b></td> <td align=center class="small"><b>Change</b></td> </tr> <tr bgcolor="e8f5fd"> <td class="small">NIFTY</td> <td align=right class="small">5137.00</td> <td align=right class="small">3.60</td> </tr> <tr bgcolor="e8f5fd"> <td class="small">SENSEX</td> <td align=right class="small">17166.62</td> <td align=right class="small"><Font color=red>-1.34</font></td> </tr> </table> </td> </tr> </table> <br><br> <table border="0" cellpadding="3" cellspacing="0"> <tr> <td valign=top><img alt="" src="http://www.iibf.org.in/Admin/newsletter/uploadImages//icon11.jpg" border="0"></td> <td valign=top><span class="title1">Market Updates </span></td> </tr> </table> <img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/tran.gif" width="1" height="8"><br clear=all> <a target='_blank' class='link1' href=http://www.iibf.org.in/scripts/newsdisplay.asp?n_id=17063>Sensex ends flat</a><br> Markets on Friday shrugged off impressive factory output data for January, with the benchmark Sensex closing flat after alternate bouts of buying and selling. The Sensex ended the day at 17,166.62 points, an insignificant loss of 1.34 points. The Nifty index settled little higher by 3.60 points at 5,137.00 points. A mixed pattern in Asian region and a better opening in European markets helped the market from recording any major fall. <br> </td> </tr> </table> <!-- Right Data ---> </td> <td width="1" bgcolor="#c7c7c7"><img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/tran.gif" width="1" height="1"></td> </tr> <tr> <td colspan="4" width="1" bgcolor="#c7c7c7"><img alt="" src="http://www.iibf.org.in/Admin/newsletter/newsletteroneimages/tran.gif" width="1" height="1"></td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" width="600" align=center> <tr> <td align=right class="myLink"><a target="_blank" href="http://www.iibf.org.in">www.iibf.org.in</a></td> </tr> </table> </body> </html>