The Hindu Business Line : Tuesday, February 07, 2006

CIBIL plans to launch commercial bureau next fiscal
The proposed bureau will offer credit information on non-individual borrowers, ie. companies, partnerships and proprietorships. More

BUDGET

Bankers foresee tight liquidity in coming months — Seek measures in budget to tide over situation
"We need more liquidity to meet the increasing credit demand. Liquidity is not tight. But in the months of February and March we foresee that there would be further increase in credit demand. To meet this expanded credit demand, we need more resource s," the CMD of Punjab National Bank, Mr S.C. Gupta, said. More

FOREX

Rupee tad weaker; bond prices up
MUMBAI: The rupee depreciated marginally against the dollar on Monday mainly on account of the Reserve Bank of India buying dollars from the forex market, dealers said. The domestic currency opened at 44.15/16 and moved up to 44.19/20 ... More

INSURANCE

Appellate authority on cards — IRDA finalising recommendations on Act changes
THE Insurance Regulatory and Development Authority (IRDA) may make a provision for setting up an appellate authority to settle disputes in the insurance sector as part of amendments to the Insurance Act 1938, the Chairman of IRDA, Mr C.S. Rao, ... More

FOREIGN DIRECT INVESTMENT

FDI in insurance may be hiked to 49 pc
THE Union Government is expected to finally raise the cap on foreign direct investment to 49 per cent for private sector insurance players in the country. High-level sources said that this measure was expected to be announced in the Union ... More

PRIVATE BANKS

City Union Bank to raise Rs 40 cr by March
CITY Union Bank Ltd plans to raise Rs 130 crore as tier-II capital in two or three tranches to help it maintain its capital adequacy ratio at the present level of 12 per cent. The bank plans to raise about Rs 40 crore by March and the rest as ... More

PUBLIC SECTOR BANKS

Corporation Bank gets RBI nod for Dubai office
CORPORATION Bank, which has received the approval from the Reserve Bank of India (RBI) for setting up a representative office in Dubai, is waiting for the permission of the authorities in United Arab Emirates. Inaugurating the sixth conference ... More

CREDIT CARDS & DEBIT CARDS

PNB, Mastercard pact for debit card
PUNJAB National Bank today tied up with MasterCard International to launch a signature-based debit card. The `PNB MasterCard@ Debit Card' would be accepted at more than 1,20,000 merchant establishments as well as around 25,000 ATMs across the ... More

PUBLIC OFFER

South Indian Bank to raise Rs 150 cr through public issue
SOUTH Indian Bank plans to raise Rs 150 crore through its follow-on public issue. . Of this, Rs 15 crore worth shares have been reserved for allocation to employees and an equal number to the existing retail shareholders. The net offer to the ... More

PEOPLE

Karnataka Bank GM passes away
MR Jayagopal Yekkar, General Manager of Karnataka Bank Ltd, passed away here on Monday following a massive heart attack. Born on August 6, 1954, Mr Yekkar joined the bank in 1975 and served in several key positions both in the operational and ... More

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FDI in insurance may be hiked to 49 pc

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