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Monday, August 21, 2006
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MONEY & BANKING

GENERAL INSURANCE
Reliance Insurance branch office
Mr K.A. Somasekharan, President and CEO, Reliance General Insurance, has inaugurated the new regional and branch offices of the company at Kochi. He said that Kerala is one of the key regions that the company had identified for ... More

PUBLIC SECTOR BANKS
PSBs' recap bonds are tradable papers
SLR status gives banks more leeway to access resources to lend More

Andhra Bank promises relief to flood victims
Andhra Bank and the other banks in Andhra Pradesh are keen on extending consumption loans and rescheduling crop loans in view of the devastation caused by the recent floods in the state, said Mr K. Ramakrishnan, Chairman and Managing Director of ... More

New premises of Lalgudi branch of IOB inaugurated
The Executive Director of Indian Overseas Bank, Mr A.V. Dugade, recently inaugurated the new premises of the Lalgudi branch of the bank. Speaking on the occasion, the Chief Regional Manager of IOB, Mr R. Chandran, said the 44 branches and four ... More

FINANCIAL INSTITUTIONS
Exim Bank signs $40-m lines of credit
Exim Bank of India signed two lines of credit agreements for $20 million each with Myanmar and Mozambique. The credit would be utilised by Myanmar Foreign Trade Bank for renovation of Thanlyin refinery and the Government of ... More

FIXED DEPOSITS
PNB tax-saver FD scheme
Punjab National Bank has announced a scheme for investors looking to park their funds in term deposits of five years and above along with the availability of tax benefits under Section 80C of the Income-Tax Act. A bank release ... More

IDBI offers 8.25% on new FD scheme
Industrial Development Bank of India Ltd (IDBI) has launched a new fixed deposit scheme, IDBI `Suvidha Plus' (ISPFD), which offers 8.25 per cent interest rate on fixed deposit of 500 days. The customers can deposit a minimum amount of Rs 10,000 ... More






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