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MONEY & BANKING
GENERAL INSURANCE:
Buy one policy, get two covers
Mumbai/Kolkata, July 9 Customers can soon buy a single insurance policy and avail themselves of twin benefits – pure-term life insurance as well as ...
FINANCIAL SERVICES:
Free access to all ATMs still wrought with problems
No cash flows out, yet account gets debited. The promise of ‘Free access to all ATMs for bank customers’ across the country was expected to revolutionise customer ...
PUBLIC SECTOR BANKS:
Indian Bank pays dividend
Indian Bank has paid Rs 103.14 crore to the Centre towards equity dividend for the financial year 2008-09. A preference dividend of Rs 11.25 crore has also been paid to the Central Government for the same year. The dividend cheques for these ...
BUDGET:
‘Takeout financing’ an imaginative move
The Finance Minister is imaginative in proposing ‘takeout financing’ as an instrument to organise finance for infrastructure. Mr Pranab Mukherji should be remembering how the consortium arrangement for long-term financing for ...
LIFE INSURANCE:
LIC to open SBA office in Coimbatore
Coimbatore, July 9 The office of the first Senior Business Associate (SBA) of the Life Insurance Corporation of India (LIC) in Coimbatore city is to be inaugurated on ...
LIFE INSURANCE:
DLF Pramerica launches child plan
New Delhi, July 9 DLF Pramerica Life Insurance Co Ltd (DPLI) has launched a child plan ‘DLF Pramerica Future Idol’. The unit-linked plan is the fourth product from the company to be distributed through the ...
PRIVATE BANKS:
City Union Bank, KVB to raise funds thru QIPs
Coimbatore, July 9 Old-generation private banks in Tamil Nadu such as Kumbakonam-headquartered City Union Bank and Karur-based Karur Vysya Bank are looking to raise funds through Qualified Institutional Placements ...
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