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Thursday, July 14, 2005
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MONEY & BANKING

FOREX


Rupee steady; gilts lacklustre
MUMBAI: The rupee market was dull with no triggers to cause strong movement in either direction. Trading was listless as dollar inflows matched outflows, said dealers. The rupee opened at 43.51 today, touched a low of 43.53 in intra-day ... More

STOCKS


Union Bank stock returns 124 pc
UNION Bank of India acquired number one position in terms of returns to investors in the banking stocks in 2004-05 by giving them a reward of 124 per cent followed by UTI Bank (62 per cent) and HDFC Bank (45 per cent), an Associated Chamber of ... More

LIFE INSURANCE


MetLife in tie up with Apna Bazar
MetLife India Insurance and Apna Bazar have announced the launch of `Apna Life', a Group Life insurance cover extended to the customers of Apna Bazar. This product will be available to customers who fulfil certain criteria. On the purchase of ... More

GENERAL INSURANCE


PSU insurers, hospitals agree on `package deal pricing' — Move to check overcharging of services
"There should be complete transparency between the insurance companies, the TPAs as well as healthcare providers." More

Motor third party liabilities — PSU insurers want pvt sector to share losses
The suggestion was made by the PSU insurers after the Government asked the private refining companies to share the losses of the PSU oil marketing companies. More

`Underwriting discipline, challenge for insurers'
THE rate war is not peculiar to the banking industry. General insurance companies are following suit. While the banking industry undercuts the interest rate, the insurance players wage a war on premium collections. The marine hull business, ... More

PRIVATE BANKS


Karnataka Bank RTGS facility for customers
KARNATAKA Bank Ltd will introduce `Money Quick' - a funds transfer facility under Real Time Gross Settlement (RTGS) system - from July 15. A bank release said here on Wednesday that the customers at its 280 offices could avail themselves ... More

PUBLIC SECTOR BANKS


Canara Bank educational loans
THIRUVANANTHAPURAM: The Chairman of Canara Bank, Mr M.B.N. Rao, will be the chief guest at a special educational loan fair here on Friday. An official spokesman said that educational loans would be disbursed to over 500 students from ... More

SHORT TERM INSTRUMENTS


91-day T-bill bids fall below sale amount
THE auction of the 91-day treasury bill on Wednesday received bids for less than the notified amount and not all the bids were accepted. The 182-day treasury received bids for the notified amount and again, all the bids were not accepted, ... More

ALLIANCES & JOINT VENTURES


BoB, SIDBI sign co-financing pact
BANK of Baroda (BoB) and Small Industries Development Bank (SIDBI) of India have signed an MoU for co-financing of projects in the SME sector and infrastructure projects, according to a bank release. Under this arrangement, the two banks will ... More


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Top Stories
Suzuki Motorcycle plans Indian launch in Oct with 125-cc bike


Hexaware scales down guidance

Tea exports dip in May; output up 8.6 m kg

Union Bank stock returns 124 pc

Car sales marginally down in June

Motor third party liabilities — PSU insurers want pvt sector to share losses

FM radio: Govt fixes net worth norm

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Jul. 3-Jul. 9
Banks asked to adopt policy for risk exposure to real estate sector

Banks see rise in revenue from cross-selling retail products

Rupee against dollar — It's fundamentals versus sentiment

Forex reserves enough to meet 14 months' imports

Banks find NPA recovery more gainful than sale to ARCs

Banks getting finer rates on overseas loans


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