The Hindu Business Line : Saturday, August 16, 2003

Brokers unhappy over IRDA move on lowering fees
THE seven-year existence of the Insurance Regulatory and Development Authority (IRDA) sans any legal tangle is set to end soon with the insurance broking community contemplating to take the insurance regulator to the court to settle the issue ... More

AUDITING

Audit pie set to grow bigger
WITH the Securities and Exchange Board of India (SEBI) making limited review of results mandatory, and the Reserve Bank of India (RBI) advising banks to pay a reasonable fee for such reviews, the audit pie in the banking sector is set to grow ... More

FOREX

Jalan warns against short-term ECBs
THE Reserve Bank of India Governor, Dr Bimal Jalan, has cautioned against unlimited access to short-term external commercial borrowing to meet working capital and other domestic requirements. The Governor's warning assumes significance as ... More

GENERAL INSURANCE

`Mediclaim arbitrators must go'

HUMAN RESOURCES

Syndicate Bank not for fresh VRS
IN an interesting reversal of trend among the public sector banks, the Manipal-based Syndicate Bank has decided not to offer fresh voluntary retirement scheme (VRS). This despite having identified a maximum of 3,000 out of around 26,000 employees ... More

PRIVATE BANKS

Federal Bank eyeing RIBs
FEDERAL Bank is planning a product that would be timed to attract the RIB bond monies that mature in October. According to Mr K.P. Padmakumar, Chairman, taking into account the trend in forward premium movement, there was all likelihood of the ... More

PUBLIC SECTOR BANKS

Corpn Bank in agency tie-up with ECGC
CORPORATION Bank and ECGC (Export Credit Guarantee Corporation) have signed an agreement for a corporate agency tie-up. The bank has in the recent past developed a number of relationships - corporate agency tie-up with Life Insurance ... More

GOVT BONDS

Offshore units may tap RIB proceeds
Coffee house talk on Mint Street suggests RBI is thinking of trimming tenor-linked interest rate caps on loans to deter OBUs mobilising dollar deposits by offering steep returns. More

Global players readying to grab RIB funds?
Most banks, financial institutions and funds abroad, especially in the Gulf countries, have been launching capital guarantee schemes, which are the current flavour of the large contingent of NRI community in these countries, Mr Koshy, who was earlier Vice-President of NSDL, says. More

NON-PERFORMING ASSETS

Exposure in floating dry docks — ICICI Bank combine in a spot
The lenders have not been getting a "respectable offer" from prospective buyers for the Chennai floating dock. More

FIXED DEPOSITS

Vijaya Bank raises FCNR deposit rates

CO-OPERATIVES

APCOB plans 7-day week

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