MONEY & BANKING
AWARDS & HONOURS
PNB gets IT award
Punjab National Bank (PNB) has won the `PC Quest Best IT Implementation Award' for `maximum business impact' for 2006-07. ...
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LIFE INSURANCE
PRODUCT PRIMER
Max Life Maker
With the launch of ULIP (Unit Linked Insurance Plan) products, the face of the Indian life insurance industry has undergone a huge change. ULIPs can be described as unbundled products that allow investors to distinguish between risk cover and ...
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DERIVATIVES MARKETS
Financial derivatives: Not a mystery world, after all
What the buyer or seller of a derivative is exposed to in an exchange-traded market is the movement of the underlying — the most critical variable. Pricing for standardised derivative products is, therefore, bound to be better in the exchange m arkets than in the OTC market.
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PUBLIC OFFER
ICICI Bank issue price set at Rs 940
ICICI Bank has fixed the offer price of its follow-on public issue at Rs 940 per equity share. For retail investors the price would be Rs 890, which is a discount of Rs 50 from the offer price. The issue price represents a premium of 3.6 per ...
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PEOPLE
Bank of India new Executive Director
Mr Anil Parulkar assumed charge as an Executive Director of Bank of India. He was earlier General Manager of Bank of Baroda. ...
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