MONEY & BANKING
PENSION PLANS
Tata AIG Life hiring pension specialists
TATA AIG Life Insurance Co is in the process of appointing specialists in retirement products in select centres as part of a plan to promote its pensions business. For the company, which offers a range of schemes directed towards both employers ...
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INSIGHT
Wolfensohn endorses Left's concerns!
It is high time Governments and the Left addressed this fundamental issue of fund leakages instead of tiresome refrains and homilies on fiscal responsibility, privatisation and foreign investment.
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FOREX
Rupee erases gains; securities weaken
MUMBAI: The rupee erased gains to end at 45.0650/0750 against the dollar on Tuesday, slightly weaker than its previous closing at 45.0350/0450. The rupee weakened to 45.09/10 in the early deals as the market reacted to the fear of ...
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LIFE INSURANCE
AMP Sanmar beats others in single premium revenue
AMP Sanmar Life Insurance bucked the market trend in September to collect most of the premiums for its individual policies through single premiums, a one-time payment for an insurance policy. SBI Life was the only other company, out of the 13 ...
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Max New York Life opens office in Thiruvananthapuram
THIRUVANANTHAPURAM: Life insurance company Max New York Life has started operations in Thiruvananthapuram. The company's office in the city, its second in Kerala, was inaugurated on Tuesday. The company's franchisee for Kerala — ...
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PRIVATE BANKS
Lord Krishna Bank lays stress on automation, better services
THE Lord Krishna Bank has launched an aggressive campaign to enhance the services of its branches in Kerala. The bank plans to fully automate all its branches with modern technologies. "While we are aggressive on opening new branches across ...
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Kotak Mahindra bets on investment advice package
WHILE commercial banks look at expanding their network to establish their presence in potential pockets, Kotak Mahindra Bank is extending its reach to offer personalised investment advice to its customers. "We are not looking at mere banking ...
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PUBLIC SECTOR BANKS
BoI loan to buy Greaves tillers
GREAVES Cotton Ltd has tied up with Bank of India (BoI) to provide finance to Greaves power tillers and jointly launched the "BoI Greaves farm mechanisation (power tiller) scheme". The scheme is targeted at small, marginal farmers and traders ...
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SBT multi-lingual Web site
THIRUVANANTHAPURAM: State Bank of Travancore (SBT) has inked a pact with the Centre for Development of Imaging Technology (C-DIT) to host and maintain the bank's Web site in Malayalam and Hindi languages. An SBT spokesman said here that ...
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INTEREST RATES
Rising rates not to hit mortgage portfolios: Crisil
RISING lending rates will not have more than a marginal impact on mortgage delinquencies , according to Crisil. Although a few small players have reported a significant deterioration in delinquencies, asset quality of housing portfolios is at ...
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Cross Currency Rates
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