Financial Daily from THE HINDU group of publications
Friday, January 27, 2006
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Financial Daily from THE HINDU group of publications Friday, January 27, 2006 |
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MONEY & BANKING INVESTMENT BANKING India Infoline plans foray into investment banking INDIA Infoline Ltd, a domestic financial services provider, is set to foray into investment banking. The company will set up offices in three major cities in the country and five overseas centres within six months. Speaking to Business ... More FINANCIAL SERVICES JM Financial to set up private equity fund JM Financial Ltd's board of directors has approved an investment of Rs 50 crore in JM Financial Products Pvt Ltd, a non-banking financial company, which would become its subsidiary, after the proposed merger of JM Securities Pvt Ltd, with the ... More FINANCIAL PERFORMANCE Magma Leasing Q3 disbursals, net up MAGMA Leasing Ltd, aspiring to emerge as one of the large players in retail financing within the next few years, has posted a hefty business growth for the quarter ended December 31, 2006, despite sluggish sales by vehicle manufacturers. The ... More SOFTWARE Oracle India wins 400 new deals Oracle India Private Ltd has won over 400 new deals in the Indian financial services space in 2005. In a statement, the company has said between June 2004 and May 2005, it had signed deals with some renowned institutions such as Andhra Bank, ... More LIFE INSURANCE Aviva Life hikes capital by Rs 139 cr; APE at Rs 314 cr AVIVA Life Insurance has announced an increase in its capital base by Rs 139 crore, taking the total paid-up capital to Rs 459 crore. As per Government regulations, Aviva currently holds a 26-per cent stake and Dabur 74 per cent. Aviva Life ... More
Birla Sun Life adopts tool for automated underwriting
Number of Indians in million-dollar agent club to rise FINANCIAL POLICY 
RBI gives nod for appointment of `Business Correspondents' — Banks can now offer loans, accept deposits thru agentsBANKS are now allowed to outsource lending and deposit-taking activities to enable them to reach rural and remote areas. In other words, banks can now collect deposits from public and deliver credit to borrowers through agents appointed by ... More PRIVATE BANKS Bank of Rajasthan to distribute Principal PNB's MF products PRINCIPAL PNB Asset Management Company Pvt Ltd and Bank of Rajasthan have announced a stie-up for the distribution of Principal's Mutual Fund's schemes through the bank's network of branches. According to the agreement, Bank of Rajasthan will ... More PUBLIC SECTOR BANKS APSFC, Bank of India in pact for speedy credit to SMEs IN an attempt at ensuring integrated and speedy flow of credit to SMEs, the Andhra Pradesh State Financial Corporation (APSFC) has entered into an alliance with Bank of India. The alliance is meant to provide easy facility of working capital ... More FOREIGN BANKS An Indian touch to Indonesian bank museum A Rs 5-crore design project will see India's Elephant Strategy+ Design, Singapore's Immortal Design and Indonesia's BD&A, setting up a museum that will showcase Indonesian culture, heritage and history to locals and overseas visitors. More NON-PERFORMING ASSETS Asset reconstruction cos seek clarity on tax implications THE Financial Services Industry wants the tax authorities to give guidance on the tax treatment that would be applicable for certain fund-based activities such as those carried out by the asset reconstruction companies (ARCs). A representative ... More FIXED DEPOSITS Corporates find bank deposits attractive Public sector banks prefer to raise the resources through bulk deposits, as they are cheaper than CDs and are exempt from stamp duties. Also the administrative costs on bulk deposits are lower than that on retail deposits. More INTERVIEW 
NHB wants RBI to handle some regulatory functions — We can focus better on underserved sections: P.K. GuptaTHERE is a fit case for the Reserve Bank of India to take over at least part of the regulatory functions of National Housing Bank (NHB), feels the Chairman-cum-Managing Director, Mr P.K. Gupta. "We could instead play a critical role in other ... More
SECURITY `Theft of data, major concern for consumers' THEFT or loss of personal or financial information has emerged as the most important concern among consumers worldwide, with 64 per cent expressing anxiety over such an occurrence, according to a global survey of consumer attitudes released by ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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In Depth Gender Justice Simple Economics Tax Talk
Looking back Jan. 15-Jan. 21 IMD funds from Gulf may move into mutual funds US-Iran stand-off, credit demand impact liquidity `Derivatives segment growing fast' Talks on renewal of treaties hit rough patch — No discounts, say reinsurers Committee asks SEBI to place depositories, DPs on high alert — Bank of Baroda, Andhra Bank follow-on offers `RTGS transactions to be free only till March 31' Indian holdings of US treasuries up $400 m in Nov Bank credit rises by Rs 20,771 cr Banks turn to Nabard, SIDBI, NHB for funds Forex reserves up $158 million |
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