The Hindu Business Line : Saturday, February 11, 2006

Andhra Bank bags IBA Award
HYDERABAD: Andhra Bank was conferred the Runners Up Award under `Best Payments Initiative' at the Indian Banks' Association (IBA) Banking Technology Awards ... More

FOREX

Forex reserves up
THE foreign exchange reserves of the country gained by $496 million for the week ended February 3 on the back of a rise in gold assets. According to the Reserve Bank of India's Weekly Statistical Supplement, foreign exchange reserves touched ... More

SOFTWARE

Mastek bags 10-year deal
MASTEK Ltd has signed a 10-year agreement with UK-based Capita Life & Pensions for its Elixir policy administration solution for an undisclosed amount. Elixir is a sales and administration systems designed using component-based architecture. It . More

HOUSING FINANCE

ICICI Bank home loans rate hike from Feb 13
ICICI Bank Ltd, the largest private sector bank in the country, raised interest rates on home loans by 50 basis points, or half a percentage point, effective February 13. Loans at fixed interest rates will cost 9.5 per cent and those at floating ... More

LIFE INSURANCE

Bajaj Allianz Life recapitalising to sustain high growth rate — Files for new micro-insurance product
BAJAJ Allianz Life Insurance Company Ltd is recapitalising to sustain its 300 per cent growth rate for the second time this financial year. The Chief Executive Officer, Mr Sam Ghosh, told Business Line, "We will decide on the quantum ... More

GENERAL INSURANCE

Savings-linked general insurance plans on cards
THE market could soon see the introduction of a host of savings-linked general insurance products. The National Insurance Academy is designing a series of such innovative products for companies such as General Insurance Corporation of India, UTI ... More

CREDIT RATING

`Get rated, access cheaper loans'
LARGE companies mop up money at rates close to 7 per cent. For small and medium-scale enterprises, banks charge 12-13 per cent interest. This gap of nearly 6 percentage could soon narrow to around 3 if small companies opt for credit rating, ... More

PRIVATE BANKS

SIB hopes for keen institutional interest in issue
SOUTH Indian Bank's follow-on public issue for Rs 150 crore, with a price band of Rs 60-66, opened today. FIIs, Indian institutions, banks, insurance companies and corporate bodies have already built up a sizeable position, accounting for ... More

PUBLIC SECTOR BANKS

FII investment cap in BoB reached
THE Reserve Bank of India has notified that no further purchases of equity shares of Bank of Baroda under Portfolio Investment Scheme should be made on behalf of Foreign Institutional Investors and Non-Resident Indians through stock exchanges in ... More

CORPORATE BONDS

Exim Bank raises 23 b Y through Samurai bonds — `Unprecedented response'
EXPORT-IMPORT Bank of India said it raised 23 billion Yen through its inaugural Samurai bond offering in Tokyo on Friday. The issue was oversubscribed. This is the first Samurai bond offering from India in 15 years, Exim Bank said in a news ... More

CORPORATE GOVERNANCE

IRDA working on corporate governance code for insurers
THE Insurance Regulatory and Development Authority of India (IRDA) plans to come out with corporate governance guidelines for insurance companies. IRDA will be working in conjunction with RBI and SEBI for the guidelines. Mr K.K. Srinivasan, ... More

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Edible oil imports drop 21 pc to Rs 5,818 cr in April-Nov

NCAER pegs GDP growth at 7.8 pc — `Inflation, stocks had good run'

Manufacturing slowdown clips industrial growth to 5% in Dec `05

`Get rated, access cheaper loans'

Anti-money laundering software market set for bigger growth

Oil exploration in Nigeria — ONGC looking at Korean tie-up

In Focus

Infrastructure woes stare IT sector

IPO Scams

FDI in retail sector

Dynamic Tirupur