CSE chairman Dipankar Chatterji said the exchange would now offer trading for cash segment and there was a plan to add derivative segment later
The Calcutta Stock Exchange (CSE) on Monday inaugurated NSE trading operation and introduced a Bangla language website in the presence of state Industry Minister Partha Chatterjee.
Trading in this NSE platform was expected to begin in the next two to three days. With this, CSE would now offer trading platform for both BSE and NSE.
CSE chairman Dipankar Chatterji said the exchange would now offer trading for cash segment and there was a plan to add derivative segment later. CSE was offering BSE trading platform since 2008.
CSE officials were expecting jump in daily average trading volume of Rs500 crore after the NSE trading platform in place.
The only operational regional stock exchange was also planning to take few more initiatives to keep itself afloat.
“CSE and United Bank may tie up for offering on line trading facility to the bank customers,” CSE managing director and CEO B Madhav Reddy said.
Meanwhile, now a trading member of CSE will be able to provide trading access to a customer to C-Star, BSE and NSE through single client registration.
A total number of 662 unbanked villages were allotted to SBI to be covered with March 31 next year and already 496 villages were covered
State Bank of India has launched mobile banking facility for providing services to villagers at their door-steps.
SBI managing director A Krishna Kumar handed over the “Bank on Wheels” vehicle to Meghalaya Rural Development Society at the SBI Shillong Branch premises.
Kumar said the vehicle would cover unbanked areas and create financial literacy and awareness of banking habit among the rural masses.
"A total number of 662 unbanked villages were allotted to SBI to be covered with March 31 next year and already 496 villages were covered," Kumar said.
He said opening of bank accounts would be very simple for villagers in the state and they would only need to produce a certificate from the headman along with photographs.
India’s economic confidence grew by 6 points to 75% in October compared to the previous month
Indians have emerged as the second most confident people about their economy, across the world, on account of higher consumption and increased foreign investment, according to a report by research firm Ipsos.
The report said that India’s economic confidence grew by 6 points to 75% in October compared to the previous month, becoming the second most economically confident country after Saudi Arabia.
“The Indian economy has been well insulated from global economic conditions as it has been fuelled by domestic consumption and the increased FDI into the country. Our economy has remained steady at a robust 8.1% and this positive consumer sentiment is seen reflected in our survey,” said the Ipsos India managing director, Mick Gordon.
In terms of gains, two countries—India and South Africa—gained maximum economic confidence by five points and six points, respectively.
Individually, Saudi Arabia experienced a six-point drop to 83% but continued to hold its pole position, followed by India (75%), Sweden (69%), Canada (66%) and China (65%).
The countries at the bottom of the heap were—Hungary which lost two points and was at 2%, Spain gained 2 points but was low at 5%, Japan further lost two points to stood at 6%.