The Hindu Business Line : Monday, January 22, 2007

ACCOUNTING STANDARDS
Segment reporting by banks
While most of the public sector banks have been following the RBI directions on classification of business segments, a few private sector banks have been reporting as per the AS-17. More

LIFE INSURANCE
Aviva Life raises capital by 199 cr
Aviva Life Insurance has hiked its capital base by Rs 199.1 crore to Rs 758.2 crore. The infusion has been made by Dabur and Aviva in the proportion of 74:26. The fresh infusion would help fuel growth plans in 2007, said a news ... More

GENERAL INSURANCE
Insurance cover for AIDS patients
The Institute for Financial Management and Research (IFMR) is designing an insurance policy against AIDS. It is tying up with NGOs and micro finance institutions for access to data that will aid in designing of health insurance products, which ... More

United Bank ties up with Bajaj Allianz General
United Bank of India (UBI) today tied up with Bajaj Allianz General Insurance Co for launching a health insurance plan. The plan, named United Swasthya Suraksha Yojana, is aimed at its customers. The arrangement with the non-life insurance ... More

DEBT MARKET
Bonds remain weak in thin trading
RBI seen hiking savings bank rate in credit policy review More

INTEREST RATES
Floating home loan rates breach 10 pc
Banks looking to credit policy cues for further hikes More

FIXED DEPOSITS
Bank of Baroda hikes deposit rates
Effective January 22, Bank of Baroda has raised the interest rates on term deposits to 8.25 per cent per annum on all fresh and renewed deposits upto Rs 1 crore for a period of 15 months and upto 5 years. "The offer is valid upto ... More

TMB unveils new deposit scheme
Tuticorin-based Tamilnad Mercantile Bank (TMB) has introduced a new deposit scheme called `TMB 444', providing a higher rate of interest with effect from January 18. Under the scheme, the effective yield will be 9 per cent to the ... More

MERGERS & ACQUISITIONS
Nod for ICICI-Sangli Bank merger
Shareholders of ICICI Bank have approved the merger of Sangli Bank with itself. The share exchange ratio has been fixed at 100 equity shares of ICICI Bank for every 925 equity shares of Sangli Bank. "The shareholders approved the ... More

OUTLOOK
ECGC plans to divest stake in factoring biz
Credit insurance info venture on cards More

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Jan. 14-Jan. 20
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