Banking and Finance
Barooah appointed Ombudsman for N-E
GUWAHATI: The Reserve Bank of India has appointed Mr Gautam Prasad Barooah, a business economist and management expert, as the Banking Ombudsman at RBI, Guwahati, with effect from November 6. His jurisdiction extends to all the north-eastern States. -- O ur Bureau

29 banks listed on bourses
THE RBI report on Trends & Progress of Banking in India (1999-2000) takes note of the stock market performance of listed banks in the country. The tone of the report on this section is milder than that featured in last year's report.

RBI plans shift to risk-based inspection
THE Reserve Bank of India has said that the role of bank economists would acquire increased importance in future because of the ``issues arising out of financial market integration and market conditions.''

Suvidha success rattles Citi?
YOU may have had enough of banks talking about retail banking and their wide product range on offer. But here is one bank which actually does not want to rope you in as a fresh (retail) customer!

Gilts look up
BUOYANT sentiment continued to prop up prices of Government securities today with prices of most papers moving up by another 5-10 paise.

SBI, Coimbatore branch to offer new facility
THE commercial branch of State Bank of India, Coimbatore, is going on-line shortly. The branch is to offer `remote log-in' facility to its business clients who will be able to browse their accounts and transact business from home or office.

Sensitive sectors -- Maximum exposure by new pvt banks
A NEW addition to the balance sheets of banks for 1999-2000 was the inclusion of a statement disclosing lending to sensitive sectors. Banks were asked to disclosure the amount lent to the capital market, real estate and the commodities sector.

Banks' incremental NPAs come down, says report
THE incremental NPAs of scheduled commercial banks showed a decline in 1999-2000, following a number of prudential measures undertaken by the Reserve Bank of India.

Insurance
LIC bonus rates
MUMBAI: The Life Insurance Corporation of India (LIC) on Wednesday announced the bonus rates for 1999-2000 as approved by the board of LIC pursuant to the actuarial valuation as on March 31, 2000.

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