• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Kolkata, Aug. 16

Andhra Bank is proposing to enter into insurance, following the realisation that the sector is lucrative for both life and non-life insurance providers. It intends to team up with others for its foray into the sector, Dr K. Ramakrishnan, CMD, indicated. The bank is also working on stepping up its overseas operations, which at the moment pertains to Dubai.

The regions that are being targeted include the West Asia and the US. Meanwhile, a venture with two other entities - Punjab National Bank and Bank of Baroda - is also being rolled out in Malaysia. On another front, the bank is looking at a Tier-II capital issue. It has room for Rs 3,000 crore at the moment.

More Stories on : Diversification | Public Sector Banks | Insurance

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
SBI Funds ties up with Dena Bank

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line