The Hindu Business Line : Monday, January 02, 2006

It's risky to leave the risk unmanaged
MANAGEMENT of market risk is a major concern of the top management of banks. The board articulates market risk management policies, procedures, prudential risk limits, review mechanisms, reporting and audit systems. The policies should address ... More

GENERAL INSURANCE

A `disastrous' year for insurers
GRAPPLING with the after-effects of the tsunami, floods in Mumbai, Gujarat, Chennai and Bangalore and earthquake in Jammu & Kashmir, the insurance industry has recorded a loss in excess of Rs 3,000 crore. Yet, this is just a fraction of the ... More

Cos seek insurance cover for public offerings
WITH the growing interest of FIIs in domestic equity market, several companies going for public issues are opting for a new insurance cover, which would serve as a safeguard against any legal suit for wrong information in the public offer ... More

DEBT MARKET

IMD redemption pressures liquidity
BONDS continued to remain weak in thin trading last week as bankers prepared their books for the third quarter results. One major factor that influenced liquidity in the markets was the redemption of the India Millennium Deposits on December ... More

CREDIT CARDS & DEBIT CARDS

Dena Bank launches credit scheme for rural, semi-urban customers
DENA Bank has launched the `Dena General Credit Card Scheme' for customers in rural and semi-urban areas. The scheme, from January 1, will provide credit based on assessment of cash flow, without any security, without any stipulation as ... More

MERGERS & ACQUISITIONS

IndusInd Bank on lookout for NBFC
INDUSIND Bank is looking to acquire another non-banking financial company, preferably in the vehicle financing business, to augment its growth, Mr Bhaskar Ghose, Managing Director, said. "We have expertise in this area and the returns from ... More

OUTLOOK

ATM sharing to bolster smaller banks' reach
SEVERAL banks are looking to expand their ATM network by tying up with other banks for sharing ATMs. For banks that have limited number of branches this is an easier and cheaper way to expand their reach. Customers on the other hand, get ... More

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