![]() Financial Daily from THE HINDU group of publications Friday, December 02, 2005 |
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MONEY & BANKING FINANCIAL SERVICES SocGen hopeful of 80 clients in first year THE Societe Generale Group, one of the largest financial services groups in the Euro zone, on Thursday announced its entry into the Indian onshore wealth management business by launching SG Private Banking (Asia Pacific), targeting high net worth ... More FOREX Money changers may get licence for more forex transactions AN internal group of Reserve Bank of India has recommended the granting of licences to certain entities called Restricted Authorised Dealers (RAD category-II) to undertake more transactions in foreign exchange, which are not trade-related. ... More LIFE INSURANCE
Insurance companies may be allowed pension biz under existing entityTHE door is still open for Indian life insurance companies to enter the pension sector without the need to float a separate outfit for managing pension funds. The interim Pension Fund Regulatory and Development Authority (PFRDA) is looking at ... More GENERAL INSURANCE Hefty flood claims, higher reinsurance rates Private insurers set to hike tariffs FACED with large claims, private sector general insurers have all but halted under-bidding to grab business from competitors. Sources said that almost all general insurers have faced large claims from across sectors on account of the floods and ... More FINANCIAL POLICY OTC derivative contracts may soon get legal validity OVER the counter (OTC) derivative transactions linked to interest rates, foreign exchange credit and loan may soon get legal validity. The Standing Committee on Finance that went into the Reserve Bank of India (Amendment) Bill, 2005, has endorsed ... More PRIVATE BANKS ICICI Bank public issue gets 55% subscription on first day ICICI Bank's domestic offering of Rs 5,750 crore was subscribed to the extent of 54.73 per cent at the end of the first day of the issue. Bids were offered at a price of Rs 525, Rs 530 and Rs 545. The bank had a price band of Rs 505-545 a share ... More PUBLIC SECTOR BANKS PNB writes off Manjunath's loan PUNJAB National Bank has written off the entire education loan amount of Rs.1.73 lakh outstanding in the name of S. Manjunath, the Indian Oil Corporation official who was murdered on November 19. The bank has also decided to remit insurance ... More
IOB, Classic Jatropha tie up to promote biofuel
Andhra Bank files prospectus with SEBI for public issue CREDIT MARKET Credit lending tops target in Kerala THIRUVANANTHAPURAM: Priority credit disbursements by banks here during the first six months of the current fiscal have crossed Rs 1,671 crore. This compared well with the annual target of Rs 1775.17 crore, a meeting of the district ... More REGULATORY BODIES & RULINGS IRDA sets up institute of surveyors, assessors FOLLOWING the Bhandari Committee recommendations, the Ministry of Finance has directed the Insurance Regulatory and Development Authority (IRDA) to promote an institute for surveyors and loss assessors on the model of the Institutes of Company ... More INTERVIEW
`Consumer finance a major growth area'A RECENT poll by Asia Money has ranked HDFC Bank as the number one bank in India in categories such as customer service, back-office or post trade finance, competitive and prompt spot pricing, forex options provider for non-Asian ... More EVENTS Exim Bank asks Indian cos to tap ADB-funded projects THE Export-Import Bank of India (Exim Bank) has asked the Indian suppliers, contractors and consultants with adequate engineering and technical capabilities to effectively tap the vast business opportunities in Asian Development Bank (ADB)-funded ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories 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
In Depth Gender Justice Simple Economics Tax Talk
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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