The Hindu Business Line : Monday, January 09, 2006

Aviva Life to infuse more capital as per IRDA norms
AVIVA Life Insurance Company Ltd is expected to bring in more capital over the next few weeks to sustain its high premium growth rate. Speaking to Business Line, Mr Stuart Purdy, Managing Director, Aviva Life said, "We will take a ... More

DEBT MARKET

Liquidity back as Asian funds fancy equity
BONDS firmed slightly last week as liquidity returned to the market and on the back of an optimistic outlook on inflation. Bankers said that oil companies stayed away as most of them again resorted to leaving some of their foreign exchange ... More

PUBLIC SECTOR BANKS

Andhra Bank to launch `mobile ATM'
ANDHRA Bank will launch a mobile ATM bus, which will also open its window to customer banking soon, its Chairman and Managing Director (CMD), Mr K. Ramakrishnan has said. A Volvo bus has been acquired for the purpose. The front portion of ... More

State Bank of Patiala launches `no frills a/c'
STATE Bank of Patiala has launched `no frills savings bank account' to woo low-income people, who have traditionally been staying out of the banking sector. An individual can opt for the facility either in his own name or as joint holders ... More

SBI woos clients, sees biz growing
STATE Bank of India has started wooing the customer instead of waiting for them to come. "Though the basics still remain the same, technology has changed the way in which we conduct business today. To gain visibility, we need to market ... More

FOREIGN BANKS

StanChart gets nod for ARC, scouts for PSB partner
STANDARD Chartered Bank is in talks with several public sector banks for setting up an asset reconstruction company. According to the bank's plan,StanChart, through its Indian subsidiary, Standard Chartered Investments and Loans (India) Ltd ... More

FIXED DEPOSITS

LKB raises deposit rates
LORD Krishna Bank has revised the interest rates for domestic term deposits by 75 basis points and offers 7.75 per cent returns on one-three year deposits, with effect from January 9. The bank also offers 50 basis points more interest for ... More

ALLIANCES & JOINT VENTURES

Dun & Bradstreet to pick up 50 pc stake in SME rating agency
SMALL Industrial Development Bank of India (SIDBI) and Dun & Bradstreet are launching a joint venture company to help small and medium enterprises access funds in a more streamlined manner. Both the partners will hold a 50 per cent stake in ... More

EVENTS

Accor's five-star hotel to be ready by April in Hyderabad
ACCOR, a European major engaged in travel and tourism, has announced that a 300-room Novotel five-star hotel would be ready for commissioning by April ahead of the Asian Development Bank meet slated to be held in Hyderabad later this ... More

TRENDS

After reaching permissible limit in banking stocks — FIIs find alternative in Benchmark ETF
FOREIGN institutional investors, who have reached the permissible limit in banking stocks, appeared to be tapping alternative bank-specific equity investment schemes. This is evident in the rising corpus of Banking Index Benchmark Exchange ... More

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