Financial Daily from THE HINDU group of publications
Friday, May 05, 2006
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Financial Daily from THE HINDU group of publications Friday, May 05, 2006 |
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MONEY & BANKING PENSION PLANS 
Regulator favours benign tax regime for pensionsParity with other EEE schemes such as provident funds sought More INSIGHT The `when issued' market The RBI opens an avenue for Government Securities trading in a bearish environment More FINANCIAL PERFORMANCE SBBJ posts lower net State Bank of Bikaner and Jaipur has reported a net profit of Rs 145.03 crore for the year ended March 31, 2006, as compared to a net profit of Rs 205.65 crore recorded in the previous year. A statement issued by the bank said that the lower ... More SOFTWARE Bhutan bank opts for FSS solution Bhutan National Bank has selected Financial Software and Systems (FSS) to deploy an online ATM and point of sale (PoS) services in Bhutan via FSSNet, an outsourcing wing of FSS. "This electronic payment and settlement system is the first step ... More LIFE INSURANCE Life insurance sector grows 35 pc The life insurance sector has grown by 35 per cent in terms of new business premium last fiscal. The new premium pie has grown to Rs 35,898 crore, from Rs 26,602 crore in the previous year. LIC's market share has been further reduced to 71.4 ... More GENERAL INSURANCE BoR to vend mediclaim policy Bank of Rajasthan has tied-up with United India Insurance Company to distribute the latter's mediclaim policy. The scheme is called `Raj Bank Arogya Nidhi Scheme' and is targeted at corporates as well as individuals. Mr Pravin Kumar Tayal, ... More
`Insurance products to turn more-savvy' FINANCIAL MARKETS `India less vulnerable to global imbalances' Current account position likely to remain in deficit: Chidambaram More FINANCIAL SERVICES India Insure is `composite' broker India Insure Risk Management Services has been upgraded from the category of `direct' broker to `composite' broker by the Insurance Regulatory and Development Authority (IRDA) recently. As a composite broker, India Insure can offer reinsurance ... More PRIVATE BANKS ICICI Bank opens branch in Belgium ICICI Bank UK Ltd on Thursday announced its entry into mainland Europe by opening a branch in Belgium. The branch, located in the diamond district in Antwerp, will offer corporate banking products, said a press release. ICICI Bank UK Ltd is a ... More INTEREST RATES P&S Bank hikes PLR; spares SMEs The Punjab & Sind Bank has raised its benchmark prime-lending rate from 11 per cent to 11.5 per cent. The rate of interest on advances linked with BPLR would go up by 0.50 per cent. A statement issued by the bank however said ... More
Lakshmi Vilas Bank hikes rates GOVT BONDS 
Banks' g-sec holdings hit 20-year lowRising credit demand leads to major shift in portfolio More FIXED DEPOSITS SBT hikes NRE, FCNR rates State Bank of Travancore has raised the interest rates on NRE and FCNR term deposits from May 1. The new rate for NRE term deposits for periods from one year to less than two years is 6.33 per cent, two years to less than ... More
Corp Bank hikes NRE rates TRADE & LABOUR UNIONS Bank union plans strike The All India Central Bank Federation has decided to strike and hold demonstrations to protest against the management of the bank. The charges levelled against the management include violation of settled policies in postings, placements and ... More EVENTS $150-b opportunity in infrastructure: Montek Mr Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission, has said that the biggest weakness in India's economy is infrastructure. Addressing the `Advantage India' session on the $150-billion opportunity in infrastructure at the ... More
Asean+3 to address liquidity issues
`India will be developed nation in less than 14 yrs'
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RBI Annual Credit Policy 2006-07 Union Budget 2006-2007 Economic Survey 2005-2006
Top Stories In Focus Infrastructure woes stare IT sector IPO Scams FDI in retail sector Dynamic Tirupur Surging Sensex Gold scaling new highs
In Depth Bihar Diary Orissa Diary Gender Justice Simple Economics Tax Talk
Looking back Apr. 23-Apr. 29 SIDBI, Nabard credit arrangement is `cosmetic tinkering' `Don't refuse third party motor policies' Reliance Capital Q4 net rises seven-fold Canara Bank net rises 21 pc Govt seeks $1b assistance from ADB, World Bank KfW to grow India portfolio to 3 b euros IOB net up 30 pc in Q4 SFCs losing SME assets to banks Bank of India Q4 net zooms on higher income More than system inadequacy |
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