MONEY & BANKING
FARM CREDIT
Rs 50,000-cr agri fund from Nabard
Nabard has launched the Rs 50,000-crore Lok Nayak Jai Prakash Narain Fund for agriculture infrastructure and credit as announced in the interim Budget. Alongside, the existing Rural Development Infrastructure Fund, managed by Nabard, will come ...
More
FINANCIAL SERVICES
`Qualified investment advice must be made mandatory'
THE Chartered Financial Planner (CFP) qualification should be made a mandatory certification, like the Association of Mutual Funds India (AMFI) test, according to Mr A.P. Kurien, Chairman, AMFI. Traditionally, the weakest link in the Indian ...
More
Agents seek LIC help to be more professional
THE Life Insurance Agents' Federation of India (LIFAI) has suggested to the Life Insurance Corporation of India (LIC) to introduce the `Senior Agency Scheme' similar to the system prevalent in professions such as law and chartered ...
More
SOFTWARE
LogicaCMG system for Lanka apex bank
BANGALORE: LogicaCMG has announced that it has successfully implemented the real-time gross settlement (RTGS) system and the scripless securities settlement (SSS) system for the Central Bank of Sri Lanka (CBSL). The overall system will ...
More
LIFE INSURANCE
Sun Life Fin ready to pump more funds into Indian JVs
`LIC not only owns most of the market, but seems seriously determined to retain it.'
More
PRIVATE BANKS
YES Bank yet to get RBI nod
UNCERTAINTIES seem to be hounding the new YES Bank. The private bank still awaits the Reserve Bank's final clearance for starting operations, and is, therefore, unable to carry out major recruitment or set up the basic infrastructure. The ...
More
PUBLIC SECTOR BANKS
Canara Bank pays interim dividend
CANARA Bank has paid an interim dividend of Rs 75 crore to the Government for the financial year 2003-04. The dividend cheque was handed over to the Secretary, Banking, Mr N.S. Sisodia, by the Chairman and Managing Director, Canara Bank, Mr ...
More
Allahabad Bank to vend ECGC products
ECGC Ltd on Wednesday signed a bancassurance agreement (seventh by it with banks) with Allahabad Bank for sale and marketing of its various insurance products to Indian exporters. Speaking on the occasion, Mr O.N. Singh, CMD of Allahabad ...
More
NON-PERFORMING ASSETS
DRT lacks power to order arrest of a woman: HC
THE Kerala High Court has held that the Recovery Officer of the Debt Recovery Tribunal (DRT) has no power to order the arrest of a woman or detain her passport for the purpose of recovering the amount due to a bank. Mr Justice P.R. Raman ...
More
CREDIT CARDS & DEBIT CARDS
Andhra Bank card holders offered healthcare sop
PROVIDING a boon to the customers in the days of high healthcare costs, New India Assurance Company, the public sector non-life major, has designed a cashless facility in the form of Third-Party Administrators (TPAs) exclusively for the credit ...
More
ICICI Bank -Mohun Bagan co-branded credit card launched
The Mohun Bagan club team with the ICICI Bank -Mohun Bagan co-branded credit card in Kolkata on Wednesday. The Mohun Bagan club is the third club in the world after Manchester United and Barcelona F.C. to have a credit card in its name. The card ...
More
REGULATORY BODIES & RULINGS
IRDA puts TPAs on notice — Tougher rules to ensure prompt payment to hospitals
THE Chairman of the Insurance Regulatory and Development Authority (IRDA), Mr C.S. Rao, on Wednesday said that Third Party Administrators (TPA) rules would be tightened to ensure against defaults of payments to hospitals. TPAs act as ...
More
EVENTS
Call for more autonomy for banks
THE Chairman of Indian Council of Social Science Research, Dr V.R. Panchamukhi, has urged the Government to give greater autonomy to nationalised and private banks in pursuing their interest rates and credit policies. "The Government should ...
More
Cross Currency Rates
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds