MONEY & BANKING
INSIGHT
Know your customer, don't suspect him
When I first heard of this new term KYC or `Know Your Customer' policy in the financial circles, I thought that here at last was an example of how even public sector banks were going to realise the real value of ...
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MANPOWER
`Banks can reject VRS applications'
Banks, which had introduced a `voluntary retirement scheme' (VRS), had "absolute discretion either to accept or not to accept applications of employees" to avail themselves of the scheme, the Madras High Court has held. The First Bench, ...
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LIFE INSURANCE
For private life insurers, break-even is still away
Long gestation period attributed to several cost factors
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GENERAL INSURANCE
Motor pool solvency under close watch
The General Insurers Council has initiated moves to monitor the solvency of the newly formed India Motor Insurance Pool (IMIP) on a real-time basis. The council, a grouping of all public and private sector general insurers in the country, has ...
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DEBT MARKET
Bond yields harden on liquidity, inflation worries
Insurers wary; credit offtake stays buoyant
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