The Hindu Business Line : Monday, September 19, 2005

Bank aid for housing scheme at Thrissur
KOCHI: In association with Social Centre - Housing of the Archdiocese of Thrissur, sanction orders for financing 1,000 houses were handed over to Rt Rev Dr Jacob Thumkuzhy, Arch Bishop of Thrissur by Mr Cheriyan Varkey, General Manger ... More

GENERAL INSURANCE

INSURANCE AND REINSURANCE SCENARIO: FUTURE OUTLOOK

Payouts during calamities: Fact & fiction
The reason for the disparity in the figures is that the entire sum insured is calculated as the loss. On closer examination of the policy and assessment by the surveyor, the claim payout might be a fraction of the sum insured. More

GIC, a leader in reinsurance
FROM a holding company of four insurance companies to full-fledged reinsurer, General Insurance Corporation of India has etched its position as monolith through the annals of insurance history. After the nationalisation of the general ... More

New players steer non-life sector
THE fact that the non-life insurance sector has been growing only at 12-13 per cent, like a high-growth stock trading at a low P/E, only signals the upsides in the offing. In 2004-05, the non-life industry collected Rs 18,094 crore of ... More

GIC to upgrade offices in London, Dubai
GENERAL Insurance Corporation of India (GIC) has decided to upgrade its offices in London and Dubai to full-fledged branches. The board of GIC has taken a decision to this effect and the corporation will shortly apply for licences in these ... More

PRIVATE BANKS

Bharat Overseas IPO soon
AIMED at adhering to the revised guidelines prescribed by the Reserve Bank of India on ownership and corporate governance, Bharat Overseas Bank Ltd, the Chennai-based private sector bank, plans to come out with an initial public offer. Stating ... More

PUBLIC SECTOR BANKS

Union Bank Tier-II bond issue gets good response
UNION Bank of India's Rs 400-crore Tier-II capital bond issue has been oversubscribed to the extent of Rs 1,301 crore, the bank has informed the Bombay Stock Exchange. The subordinated debt bonds issue, with a greenshoe option of Rs 400 ... More

GOVT BONDS

State Govt papers back in favour
Few traders expect any major hardening of yields in the short run, partly on account of the pace of current and non-debt capital account inflows taking place in the market. More

CORPORATE BONDS

BoI to raise $350 m via medium term notes
BANK of India is expected to tap the foreign currency bond market through issuance of medium term notes (MTN) for raising the equivalent of $350 million. Speaking to Business Line here, BoI's Executive Director, Mr P.L. Gairola, said ... More

CO-OPERATIVES

Metro Co-op Bank licence cancelled
THE Reserve Bank of India has cancelled the licence of Metro Co-operative Bank, based in Gujarat, in view of the fact that it had ceased to be solvent. A requisition has been made to the Registrar of Co-operative Societies, Gujarat, for the ... More

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