The Hindu Business Line : Thursday, September 22, 2005

Rupee volatile; bonds bearish
MUMBAI: The rupee ended a shade lower against the dollar on Wednesday on an equal mix of buying and selling. Dealers said the domestic currency tracked the movement of the stock market during the day. It opened at 43.88 and moved to a ... More

LIFE INSURANCE

Lock-in period for ULIPs mooted
INVESTMENT in the unit linked insurance plans (ULIPs) in the future may have a lock-in period. According to Mr S.V. Mony, Secretary-General of the Life Insurance Council, the new IRDA guidelines expected to be issued shortly will put a lock-in ... More

GENERAL INSURANCE

Post-Katrina, Indian insurers faced with high re-insurance premium
HURRICANE Katrina that had wreaked havoc in the US is beginning to have its effect far away. The Indian insurance market is beginning to feel the ripples with global reinsurance premium hardening. Indian insurers are finding it hard to ... More

PUBLIC SECTOR BANKS

PSBs also chant marketing mantra, divert surplus staff
TAKING a cue from the private sector, public sector banks are eyeing marketing more seriously now. After years of waiting for the customer to come to them, officers from State-run banks now areactively seeking out business opportunities. Much ... More

FOREIGN BANKS

Indians prefer to bet on family care — Very few have plans for life after retirement, says HSBC review
FAST-PACED economic development is yet to erase some of the age-old theories on retirement in India. A review by HSBC, part of a bigger study on international trends, has underlined that Indians still view later-life as a time to live with and be ... More

CREDIT MARKET

Vijaya Bank managers told to focus on farm, SME loans
BRANCH managers of Vijaya Bank, coming under the jurisdiction of Mangalore Regional Office, have been urged to meet their targets in agriculture and SME (small and medium enterprises) lending. The General Manager of Vijaya Bank, Mr ... More

SHORT TERM INSTRUMENTS

182-day T bill `undersubscribed'
THE auction of the 91-day treasury bill was fully subscribed, while the 182-day treasury bills was undersubscribed on Wednesday, according to an RBI release. The notified amount for the 91-day treasury bill was Rs 4,000 crore, of which, Rs ... More

CREDIT CARDS & DEBIT CARDS

Lifestyle launches co-branded credit card with SBI
LIFESTYLE retail chain plans to open 17 new stores in the country in the next three years taking the total number of stores to 25 from the existing eight stores. In this expansion, the retail chain would be moving to tier two cities as well. ... More

FIXED DEPOSITS

Credit deposit ratio picks up in Goa
The State's total bank deposits stand at Rs 12,631crore, of which, Rs 3,606 crore happen to be NRI deposits coming into banking system from a sizeable population of expatriates working particularly in Gulf countries. More

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