Business Daily from THE HINDU group of publications
Monday, September 08, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Monday, September 08, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING CONSUMER FINANCE: Airtel introduces EMI option for iPhone New Delhi, Sept. 7 With Indian consumers finding it expensive to buy the iPhone 3G at Rs 31,000, Bharti Airtel has partnered three banks to offer the much-hyped phone on a monthly instalment basis. ... E-COMMERCE & E-BUSINESS: Insurers get innovative on renewal payments Kolkata, Sept. 7 In a bid to provide better customer service in a competitive environment, life insurance companies are focusing on innovative methods of renewal ... INSIGHT: ‘Size matters; efficiency is ownership-neutral’ SBI group tops list in industry-wide analysis by RBI. Chennai, Sept. 7 The average business done in a branch of a public sector bank in 2006-07 was Rs 67 crore. Comparatively, other bank groups did much more. New private banks managed to do ... DEBT MARKET: Bonds rally as banks chase SLR securities Debt trade volumes higher than that in stock markets. Bangalore, Sept. 7 Bond rallied for the second week in succession on the back of frenetic purchases by banks for meeting Statutory Liquidity Ratio requirements. The rally came despite the ... PRIVATE BANKS: TMB opens 205th branch Tuticorin-based Tamilnad Mercantile Bank has opened its 205th branch, fully-computerised with ATM facility at Shahdara, Delhi, recently. Speaking on the occasion, the Managing Director and CEO, Mr G. Narayana Moorthy, said that the bank planned ... NEW PRODUCTS & SERVICES: Catholic Syrian launches gift card While cash withdrawal is not allowed through the card, it can be used at all ... CREDIT MARKET: ‘Banks need to be wary of retail, mortgage lending’ Hyderabad, Sept.7 Banks should monitor growth in retail and mortgage portfolios in the context of credit squeeze in US and Europe, according to Mr Percy S Mistry, Chairman, Oxford International ... PENSION PLANS: Banking on consensus The pension scheme in banks does not cover about 70 per cent of the employees working in the industry. The understanding between the Indian Banks’ Association (IBA) and bank unions in March 2008 to finalise extension of fresh option for ... DERIVATIVES MARKETS: Exotic derivatives: SME exporters want RBI to annul contracts New Delhi, Sept. 7 Forex Derivative Consumers Forum (FDCF), a grouping of SME exporters from Tirupur, has sought regulatory intervention to annul all exotic derivative contracts sold by banks to SME exporters in the country. ... LIFE INSURANCE: LIC negotiating with IRDA on new equity guideline The LIC (Life Insurance Corp) is in communication with the Insurance Regulatory and Development Authority on the new guideline restricting the stake of any insurance company to 10 per cent in a company and “hopefully a solution will ... PENSION PLANS: Birla Sun Life’s pension plan Birla Sun Life Insurance has launched a unit-linked pension plan. “Birla Sun Life Insurance Freedom 58 Retirement Solution” allows customers to accumulate their premiums and offers the option to direct investments into any of the 5 ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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