The Hindu Business Line : Friday, January 09, 2009

MONEY & BANKING

COURTS/LEGAL ISSUES: Satyam claims: New India, Tata AIG may explore exit options
Likely to take protection behind risk riders in D&O liability cover. Bangalore, Jan. 8 Public sector New India Assurance Company Ltd (NIACL) and private sector Tata AIG General Insurance Company Ltd are unlikely to meet the liability claims ...

INTERVIEW: ‘We are gung-ho on infrastructure’
No slack in credit demand, says IDBI Bank. Mumbai, Jan 8 IDBI Bank has not seen any reduction in demand from the infrastructure sector, which has been its focus. This and the bank’s selective lending may help it tide over the economic ...

HOUSING FINANCE: Cuts home loan rates
Deutsche Postbank Home Finance Ltd has reduced its benchmark home loan rate by 50 basis points for existing, as well as new customers. With this, the rates of interest on home loans of all existing variable-rate customers will come down by ...

GENERAL INSURANCE: NIC clocks 9.5% rise in December premium
Kolkata, Jan. 8 Recovering from the marginal de-growth of 0.8 per cent for November, the National Insurance Company has registered a 9.5 per cent growth in Gross Direct Premium Income (GDPI) in December, Mr V. Ramasaamy, Chairman and ...

CREDIT RATING: Crisil downgrades rating
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GENERAL INSURANCE: MFs, insurers to go beyond balance sheet
Mumbai, Jan. 8 Mutual funds and insurance companies are having a re-look at their investment criteria following the Satyam ...

FOREX: Remittance up on weak rupee
Kochi, Jan. 8 Remittances into the country have grown significantly during the past quarter on the back of a weak rupee and a stable banking ...

FOREX: NRI remittances must go into productive investments
Chennai, Jan 8 Indians living abroad send home a lot of money—it was $ 27 billion in 2007. But where does most of the money go? This was a concern raised by the Union Minister of State for Industry, Dr Ashwani Kumar, and some ...

GENERAL INSURANCE: Star Health business growth plans
Star Health Insurance, the two-year-old standalone health insurer, expects to report a profit of Rs 6 crore and garner a premium of Rs 500 crore for the current financial year.Addressing presspersons Mr V. Jagannathan, Managing Director, ...

GENERAL INSURANCE: Birla Sun Life health plans
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