PSU banks plan to stop offering differential rates on term deposits
Some state-run banks plan to do away with the differential rates of interest on term deposits to discourage large depositors -- corporates as well as high net worth individuals -- from parking funds with banks at a time when the industry is facing an extremely tardy credit offtake.

Ministers moot 26% foreign stake in insurance ventures
The group of ministers has paved the way for opening up of the insurance industry to the private sector by clearing the Insurance Regulatory Authority (IRA) Bill and recommending 26% equity participation by foreign partners in joint venture companies.

Analysts pick holes in centre move on PAN
The central government's directive seeking mandatory quoting of permanent account number (PAN) on transactions including property purchase, opening bank accounts, fixed deposits in banks and postal department and vehicle purchases, is likely to open a pandora's box.

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