The Hindu Business Line : Saturday, March 22, 2008

FOREX
Forex reserves rise by $3 b on revaluation
The country’s foreign exchange reserves went up by $3.028 billion to $306.488 billion for the week-ended March 14. The increase is mainly on account of revaluation of currency assets. The dollar had depreciated against major ... More

GENERAL INSURANCE
Private insurers record 28% growth
Bangalore, March 21 Private-sector non-life insurers increased their market share to 40 per cent on the back of motor vehicle and retail insurance products.According to industry data released by the Insurance Regulatory and Development ... More

PUBLIC SECTOR BANKS
`Govt ownership in banks stifles growth'
More

Bank of Maharashtra to post 24% biz growth
Mangalore, March 21 The growth in the retail customer base and better use of technology are likely to boost the business of Bank of Maharashtra by 24 per cent during the current financial year. Mr M. D. Mallya, Chairman and Managing ... More

MORTGAGE
Clear the air for the heirs as well
The Finance Bill, 2008 has cleared the air for senior citizens resorting to reverse mortgage of their residential houses — no tax either on account of capital gains or on the lump-sum or periodic payments received from bank or financial ... More

TRADE & LABOUR UNIONS
Dialogue between banks and unions: Issues and non-issues
The provocation for the bank unions’ threat of strike in the recent past appears to be the proposed merger of the associates with State Bank of India, but pressure was sought to be built for a speedy and favourable wage settlement. ... More

Bank unions, IBA agree on common actuaries
Additional pension cost More

INTERVIEW
UI health portfolio likely to break even this year
Focus on large corporates, brokers planned, says Chairman More

EVENTS
‘IT plays major role in marketing financial products’
Information technology (IT) has made significant contribution for showcasing and delivery of financial products in the banking sector, according to Mr S. Dheerendra, Regional Manager, Regional Business Office, State Bank of India, Mangalore. ... More

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Cross Currency Rates

People's car

P-Note blues

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

Other Top Stories
BMW to increase sales of ‘Efficient Dynamics’ vehicles to 8.3 lakh

Private insurers record 28% growth

Rains in torrent wallop Kerala, TN

India to start negotiations with Iran, Pak on gas pipeline

Genpact net income rises 42% on higher growth

AAI, Indian staff flash strike begins at Hyderabad

Unitech looks to ‘monetise’ upcoming hotel biz

Looking back
Mar. 9-Mar. 15
Bond yields up on inflation concerns, rising global oil prices

Reliance General Insurance clocks 125% growth

Bankers remain optimistic

Forex reserves rise $2.2 b

2008-09 reinsurance terms seen to favour insurers here