The Hindu Business Line : Sunday, December 25, 2005

Laser Soft develops low-cost core banking solution
THE Chennai-based Laser Soft Infosystems Ltd has developed a core-banking solution (CBS) to cater to high volume and low-cost banking in the country. Addressing presspersons here, Mr B. Suresh Kamath, Chairman and Managing Director of Laser ... More

LIFE INSURANCE

Tata AIG Nirbhay Life
A FEW days ago, Tata AIG unveiled its participating money-back offering, Nirbhay Life. Here is a dekko at some of the key features of this product. Plan details A money-back plan ... More

GENERAL INSURANCE

Wockhardt, US health insurer tie up
WOCKHARDT Hospitals group has been signed up by US-based health insurer Cigna Insurance. The arrangement enables Cigna's covered members to access treatment at any of the six Wockhardt hospitals in the country, a release from Wockhardt ... More

PRIVATE BANKS

Lessons from Yes Bank IPO scam
NO SYSTEM is foolproof from someone determined to undermine it. That is perhaps what the manipulation of the allotment process in Yes Bank's Initial Public Offering proves. A combination of factors appear to have led to the scam. It was a ... More

FINANCIAL INSTITUTIONS

ADB okays $971-m loan to India
$750 million will be used to support investments in the `Pradhan Mantri Gram Sadak Yojana', an initiative to provide all-weather roads in rural areas of the country. ... More

INTEREST RATES

Limited period rate hike offer SBM
STATE Bank of Mysore has revised its interest rates for the term deposits with a maximum increase of 50 basis points and a minimum of 25 basis points. The limited period offer has opened on December 19 and would be in force till January 31. ... More

CREDIT MARKET

Bank credit up Rs 14,948 crore
GROSS bank credit increased by Rs 14,948 crore for the fortnight ended December 9, 2005 to touch Rs 13,20,808 crore according to Reserve Bank of India's Weekly Statistical Supplement. Food credit increased by Rs 1,144 crore to touch Rs 43,599 ... More

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