The Hindu Business Line : Saturday, January 08, 2005

Floaters back in favour with home loan takers
FEARS of a rise in home loan rates seem to be ebbing from the minds of borrowers. Banks and housing finance companies are reporting that borrowers are again opting for floating rate loans against fixed rate loans, as seen a couple of months ... More

LIFE INSURANCE

LIC upbeat on equity exposure, ULIP schemes — `NGOs can help spread awareness'
LIC is in the process of rolling out new products, including a unit-linked pension scheme and a group insurance scheme. The coming days will also see the country's top insurer focus on resolving outstanding issues concerning its development ... More

More on mobiles, less for insurance
MORE money is being spent in India on cellular phones than on paying premiums to insurance companies! Just one of the strange things that make life so challenging for insurers, says Mr Deepak Satwalkar, CEO of HDFC Standard Life. He also has a ... More

GENERAL INSURANCE

De-tariffing of motor cover from April unlikely
DE-TARIFFING of motor insurance is not likely to be implemented from April 1. This is IRDA's (Insurance Regulatory and Development Authority) latest stance on the matter, given the feedback it has received from insurance companies. The ... More

`Quake cover must for cos to claim tsunami damages'
TSUNAMI may be a household word today, but, a fortnight ago, you might not have heard of it. Neither had many companies. Naturally some of them had not taken insurance cover for the disaster that struck them on December 26. They would still be ... More

RBI & OTHER CENTRAL BANKS

RBI sticks to forecast on growth, inflation
THE Reserve Bank of India is sticking to its forecasts for economic growth and inflation despite the recent rise in prices of sugar and steel, according to Dr Y.V. Reddy, RBI Governor. While there were some price pressures, overall there is no ... More

PUBLIC SECTOR BANKS

IOB raises Rs 150 cr as Tier-II capital
INDIAN Overseas Bank has raised Rs 150 crore through private placement of `unsecured redeemable non-convertible subordinated bonds'. The bonds, rated `AA+' by CARE, have a tenure of 123 months. With this issue, the bank's capital adequacy ... More

SBH stall at expo
HYDERABAD: State Bank of Hyderabad has said that it has installed a stall for the second consecutive year at the All-India Industrial Exhibition at the Exhibition Grounds here. In a press release, the bank said the stall mainly markets ... More

CREDIT MARKET

Banks in Dakshina Kannada do Rs 9,072-crore business in H1
BANKS in Dakshina Kannada crossed Rs 9,000 crore business during the first half of the current financial year. As many as 352 branches of various banks mobilised deposits to the tune of Rs 6,064 crore and extended Rs 3,008 crore advances, ... More

SECURITISATION

Stamp duty waiver for securitisation deals urged
SECURITISATION can become the future funding vehicle and substantially reduce non-performing assets (NPAs) of banks and financial institutions, estimated at over Rs1 lakh crore, to help them unlock their balance sheets. But this is possible ... More

FIXED DEPOSITS

Union Bank hikes NRE deposit rates

MERGERS & ACQUISITIONS

Tata Finance to merge with Tata Motors
THE Tata Group has proposed to merge its non-banking finance company, Tata Finance Ltd with Tata Motors Ltd. The boards of the two companies are slated to meet on January 10 to approve the merger plan, the companies informed stock exchanges ... More

IPOS

Dena Bank IPO at Rs 27 a share
MUMBAI: Dena Bank has fixed the price of its IPO at Rs 27 per share (Rs 17 premium) to raise Rs 216 crore through the issue of eight crore shares, to open on January 24. ... More

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