Life insurers keep off bond market ahead of Budget
Traders said life insurance companies stayed away from the markets. Life insurers, they said, preferred to wait for the Budget before making their next round of purchases. But insurers are quietly selling some of their equity portfolios by ...
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PUBLIC SECTOR BANKS
Syndicate Bank targets Rs 700-crore net profit
SYNDICATE Bank is targeting a net profit of Rs 700 crore and a total business of over Rs 84,500 crore by the end of 2006-07. The bank is also planning to start distribution of mutual funds within three to four months to augment its fee income, ...
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Indian Bank IPO `only after capital revamp'
INDIAN Bank has shelved its plans for an initial public offering (IPO) of equity till such time the government permits it to restructure its capital. Speaking to reporters here today, Indian Bank's Chairman and Managing Director, Dr K.C. ...
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