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MONEY & BANKING
PUBLIC SECTOR BANKS:
Multilateral institutions may be approached for banks’ recapitalisation
New Delhi, Nov. 27 The Finance Ministry may approach multilateral institutions like the World Bank to part finance the planned recapitalisation of seven public sector banks to help them reach a capital adequacy ratio of 12 per ...
LIFE INSURANCE:
High lapse rate seen in term insurance
Chennai, Nov. 27 With the ‘term insurance’ portfolio suffering from a relatively higher lapse rate, experts have called for a fresh look at the incentive structure ...
LIFE INSURANCE:
SBI launches micro insurance scheme for SHG members
Coimbatore, Nov. 27 State Bank of India has launched ‘Grameen Shakti’ – a micro insurance scheme for its Self Help Group ...
PEOPLE:
DBS Bank appointment
...
CREDIT MARKET:
Corporation Bank to focus on retail, agri, SME sectors
Kochi, Nov. 27 Looking at the future expansion and untapped potential, the public sector Corporation Bank has set a target of achieving a business of Rs 1.50 lakh crore in the next two ...
CREDIT CARDS & DEBIT CARDS:
A health card for NRIs’ kin
Bangalore, Nov. 27 Transglobal Beneficial Inc rolled out its prepaid India Health Card in Bangalore on Wednesday. The card works like a debit card and is meant to cover the medical expenses of families of NRIs ...
FINANCIAL MARKETS:
Social factors driving US fertility rates
A larger house is an incentive to raise a larger family: Paper. The US housing crisis may throw up an unexpected consequence – a decline in fertility rates in a country that boasts of the highest fertility levels in the developed world. A ...
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