Interest rate likely to firm up in medium term, says Crisil
The Credit Rating Information Services of India Ltd (Crisil) on Friday said a spurt in demand for funds--both from the government and the corporates-- coupled with a slowdown in bank deposit growth and external inflows is expected to exert upward pressure on medium-term interest rates.

Syndicate Bank charts 3 yr wage holiday to shed flab
The public sector Syndicate Bank has drawn up a plan to trim flab and become a lean organisation. The Manipal-based bank, with a 35,000-strong work force, is planning to allow its employees to take up jobs in other banks and institutions while keeping the option of coming back to Syndicate Bank open for a period of three years.

WHO sets up 3 monitoring centres
The World Health Organisation (WHO) has set up three centres ---in Delhi, Aligarh and Mumbai --- to monitor adverse drug reaction (ADR), according to Central Drug Research Institute (CDRI), Lucknow, ex-director, BN Dhawan.


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