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Sunday, November 27, 2005
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MONEY & BANKING

INFORMATION TECHNOLOGY


57 pc of ATMs in offsite locations
MORE than half the ATMs in the country are now established offsite or away from the branches. Nearly 10,000 ATMs, or about 57 per cent of the 17,642 ATMs that have been set up till March 2005 are in offsite locations, while the balance are onsite ... More

INSURANCE


`Life, non-life insurers can sell each other's micro-insurance products'
PAVING the way for Indian insurance companies, both life and non-life in the public and private sectors, to explore opportunities in micro-insurance, the Insurance Regulatory and Development Authority (IRDA) has finalised the regulations on ... More

LIFE INSURANCE


LIC welcomes FDI in insurance biz
LIFE Insurance Corporation of India (LIC) has welcomed the flow of foreign direct investment (FDI) into the Indian insurance business. Mr A.K. Shukla, Chairman of LIC, said the industry needed capital to meet the statutory solvency margins and ... More

GENERAL INSURANCE


An association of a family tie
IS A married sister entitled to compensation on the death of her brother in a motor accident? This was the question before the Calcutta High Court in Maili Biswakarma vs Oriental Insurance Co. Ltd. Maili's ... More

LIC open to choose partner for health insurance foray
LIFE Insurance Corporation of India is open to picking up partners for the joint venture planned for its foray into health insurance, according to its Chairman, Mr A.K. Shukla. Addressing a press conference here on Saturday, he said it was ... More

WHEELS 'N' DEALS
Toyota's one-stop insurance shop
A pleasant surprise awaits customers at Toyota dealerships. To provide hassle-free accident repairs and recovery of insurance claims, the Japanese car-maker has joined hands with Cholamandalam MS General Insurance. Through the tie-up Toyota's 50 ... More

PRIVATE BANKS


ICICI Bank's new tool to track corporate news
ICICI Bank is working on a software tool that will collate information about corporates so that "when I meet you, I already know enough about you," Dr Nachiket Mor, Executive Director of the bank, has said. Speaking at the valedictory session of ... More

PUBLIC SECTOR BANKS


Union Bank's online trading facility
MUMBAI: Union Bank of India has launched its Union Online Trading Services in a tie-up with Sharekhan, on the Bombay Stock Exchange from Thursday. The service is targeted at the bank's customers who invest as well as trade in shares, ... More

GOVT BONDS


RBI's 2nd liquidity adjustment facility from tomorrow
RESERVE Bank of will operate a Second Liquidity Adjustment Facility (SLAF) with effect from November 28. This is to fine tune the management of liquidity and in response to suggestions from the market participants, said a press release from ... More

CREDIT MARKET


Bank credit up by Rs 15, 832 crore
MUMBAI: The gross bank credit increased by Rs 15,832 crore to touch Rs 13,00,232 crore for the fortnight ended November 11, according to the Reserve Bank of India's Weekly Statistical Supplement. This is inclusive of food credit which ... More

MERGERS & ACQUISITIONS


Left for speedy merger of IFCI with IDBI
THE Left parties have thrown their weight behind an early merger of the Industrial Finance Corporation of India (IFCI) with the Industrial Development Bank of India (IDBI). Addressing a meeting of the IFCI Officers' Association, headed by the ... More

ALLIANCES & JOINT VENTURES


SBICAP, Doha Bank tie up
SBI Capital Markets (SBICAP) has signed a memorandum of understanding with Doha Bank, to jointly provide project finance and advisory services in Qatar. This is part of SBICAP's initiatives to expand its foreign presence. The investment bank, ... More



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Top Stories
Tiles industry resents `dumping' by China


'SEC could haul up Indian issuers for non-compliance'

`FMCG cos must adopt aggressive strategies to realise growth potential'

Bank credit up by Rs 15, 832 crore

LIC welcomes FDI in insurance biz

In Focus

FDI in retail sector
Indian Aviation: Sky is the limit
India Inc's bonus bonanza
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Nov. 20-Nov. 26
Two cos offer insurance cover for wheat crop

Insurers lend support to bond markets

e- funds transfer system goes live

Now, most banks focus on SMEs

CVC unlikely to loosen grip on top public sector bank officials

IRDA favours FDI at 49 pc

RBI cautions banks on higher market risk


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