MONEY & BANKING
LIFE INSURANCE
Max NY Life sees India business growing fast
Mumbai, Dec. 9 Max New York Life will hike its capital base from Rs 807 crore to around Rs 2,400 crore in three to four years. Mr Ted Mathas, President and Chief Operating Officer, New York Life Insurance, said the US major was ...
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Birla Sun Life hikes capital base
Birla Sun Life Insurance has hiked its capital base by Rs 123 crore to a total of Rs 1,000 crore. “This has been done to meet with the company’s plans on capital expenditure, to support the expansion of infrastructure and to conform ...
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GOVT BONDS
Bond yields soften on liquidity overhang
Banks likely to reduce deposit rates further on margin pressure
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RESTRUCTURING
PNB amalgamates 4 rural banks
New Delhi, Dec. 9 Four regional rural banks (RRBs) in Uttar Pradesh, sponsored by Punjab National Bank (PNB), have now been amalgamated into a single RRB, bringing down the overall number of RRBs sponsored by PNB from nine to six. The ...
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TRADE & LABOUR UNIONS
Bank officers to seek fixed working hours, pension
Hyderabad, Dec. 9 The bank officers’ associations across the country will fight for fixed working hours and provision of pension, and against contractual appointments and mergers and acquisitions of banks.There is a need to take ...
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EVENTS
`Connect better with customers'
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RIGHTS ISSUE
Union Bank mulls rights issue
New Delhi, Dec. 9 Union Bank of India is considering coming out with a rights issue and the plans for it could be firmed up in February next year.“We would be making the plans for the next financial year in February, and if we ...
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