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Monday, Apr 03, 2006


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Money & Banking - General Insurance


United India staff oppose closure

Our Bureau

Hyderabad, April 2

Opposing the `unilateral decision' of the management of United India Insurance Company Ltd to close down 66 branches across the country, the United India Insurance Officers' Association has threatened to intensify agitation if the management did not withdrew the decision. Addressing newspersons here on Sunday, the President of the union, Mr V.S.K. Rao said, "When private insurance companies are planning to open up more branches and expand their network in mofussil areas, the decision of the management to close down existing profitable branches is totally irrational."

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Forex reserves decline $6.1 b on valuation loss
United India staff oppose closure
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IOB hikes FCNR deposit rates
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Karnataka Bank hikes NRE rates



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