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FINANCIAL SERVICES
Corporation Bank offering ‘financial health check-up’
Mumbai, Dec. 13 Corporation Bank will now offer a ‘financial health check-up’ for its customers. The bank is offering this service at two of its centres, Mumbai and Bangalore. Customers can get their finance portfolio examined, ... More

INSIGHT
How India has steered clear so far
Fallout of Sub-prime crisis More

INSURANCE
Flexibility soon for insurers to invest in IPOs
Mortgage based securities, infrastructure bonds may also be okayed More

LIFE INSURANCE
UTI Mutual, SBI MF to manage postal life insurance monies
Investment board to be set up for investment strategy More

GENERAL INSURANCE
AP to extend agriculture insurance to all districts
Hyderabad, Dec. 13 Andhra Pradesh is going to extend agriculture insurance to all the districts in the State, barring Hyderabad, with village as a unit from next kharif season. At present, farmers in 10 districts are covered in the ... More

Insurance officers' meet
More

FINANCIAL INSTITUTIONS
SIDBI planning asset reconstruction co for SMEs
New Delhi, Dec 13 Small Industries Development Bank of India (SIDBI) said on Thursday that it would within the next two months approach the Reserve Bank of India for approval to set up an asset reconstruction company (ARC) targeted at the ... More

GOVT BONDS
Bonds listless on tight liquidity
More

CORPORATE BONDS
Vijaya Bank to raise Rs 500 cr via bonds
Bangalore, Dec. 13 The public sector Vijaya Bank plans to raise Rs 500 crore this year through issue of the perpetual bond issues. Vijaya Bank’s Chairman and Managing director, Mr Prakash P. Mallya, said, “We are raising the ... More

SHORT TERM INSTRUMENTS
Call rates marginally down
Call rates closed marginally down at 7.65-7.75 per cent against the previous close of 7.8-8.0 per cent. However, it touched a high of 8.05 per cent during day trade. In the one-day reverse repo auction under the Liquidity Adjustment Facility, the ... More

CREDIT CARDS & DEBIT CARDS
LIC credit card launch not until March
Mumbai, Dec 13 The Life Insurance Corporation has delayed the launch of its credit card until after March 2008.The corporation had inked an agreement to create a credit card company with GE Money India, Corporation Bank, LIC Housing ... More

DIVERSIFICATION
HSBC India to foray into retail broking
HSBC India is looking to enter the retail broking space shortly, said Ms Naina Lal Kidwai, Group General Manager and Country Head, HSBC India. “We are looking at it as we are already strong in the wealth management segment,” she ... More

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