The Hindu Business Line : Saturday, March 19, 2005

Bush stokes anti-US embers — `Shock-and-awe' dispenser as World Bank chief
A truly terrifying appointment. You can't have a situation where rich countries lecture developing countries about democracy and then aren't prepared to exercise democracy in this kind of appointment. Dave Timms, World ... More

Missing the wood for the trees
The Interim Report reads more like a political leaflet from the Left (with a mandatory reference to China as that country can do no wrong even if it has one of the frailest banking systems) than an analysis of the financial system. More

FOREX

Rupee volatile; bond prices rise
MUMBAI: Amid concerns of rising crude oil prices and rumoured FII outflows, the rupee touched an intra-day low of 43.70 to the dollar, its lowest level in two weeks, before recovering to close stronger at 43.65/66 on Friday. The domestic ... More

INFORMATION TECHNOLOGY

Dhanalakshmi Bank in pact with IDRBT for ATM network
DHANALAKSHMI Bank has joined the national network of ATMs operated by the Institute for Development and Research in Banking Technology (IDRBT). The facility, going live on Friday, will enable the customers of Dhanalakshmi Bank to access ATMs ... More

INSURANCE

Online agents training: IRDA seeks comments on draft norms
THE Insurance Regulatory and Development Authority (IRDA) has sought the comments of industry participants to finalise the guidelines for online agents' training institutes. The draft guidelines are available on IRDA's Web site. IRDA said the ... More

STOCKS

ICICI Bank's sponsored ADS priced at $21.11
This price is at a premium of 18 per cent to the closing domestic share price on March 11, which was the last date for tender of shares. The bank issued 19.2 million ADS, which is equivalent to 38.4 million equity shares. A press release from ... More

GENERAL INSURANCE

HDFC Chubb to offer D&O policies
IN the two years it has been in business, HDFC Chubb General Insurance Company has almost exclusively focused on motor insurance, although the company's US collaborator, The Chubb Corporation, is a leading player in `Directors & Officers ... More

AM Best reaffirms GIC's rating
INTERNATIONAL insurance rating agency AM Best has reaffirmed the `A (Excellent)' financial strength rating given to General Insurance Corporation. AM Best's ratings are recognised worldwide as the benchmark for assessing an insurer's financial ... More

PRIVATE BANKS

IndusInd Bank opens branch at Malappuram
KOCHI: IndusInd Bank on Friday opened its latest branch at Malappuram in Kerala, which has the first NRI Boutique. A press release issued here said that Mahila card - the international Visa Card for women was also released at the ... More

Dhanalakshmi Bank offers NRI boutiques
AS part of its strategy of offering a range of value-added services to non-resident Indians (NRIs), the Thrissur-based Dhanalakshmi Bank has announced the establishment of `NRI boutiques' or relationship centres at eight locations in Kerala. The ... More

PUBLIC SECTOR BANKS

SBI in growth mode, eyes acquisitions — Plans to raise Rs 3,000-cr capital
WITH an eye on the global top 10 list, State Bank of India (SBI) is charting out a growth strategy that includes domestic and overseas acquisitions and also a merger of seven SBI associate banks, its Chairman, Mr A.K. Purwar, has said. The bank ... More

ALLIANCES & JOINT VENTURES

Max NY Life ties up with Kalupur Bank
MAX New York Life has entered into a bancassurance deal with city-based Kalupur Commercial Cooperative Bank for selling the company's life insurance products. Kalupur Bank, the third largest cooperative sector bank in the country, will offer ... More

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