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FINANCIAL SERVICES
‘Opportunities aplenty for entrepreneurs in financial services’
Mangalore, Nov. 22 A lot of opportunities are available for entrepreneurs in the areas of banking and other financial services sectors, according to Mr B.R. Bhat, General Manager of Corporation Bank.Inaugurating the corporate office of ... More

PENSION PLANS
LIC sets up arm to manage pension funds
Mumbai, Nov. 22 The Life Insurance Corporation of India has formed a separate company called “LIC Pension Fund Ltd” to manage pension funds. This is the first company incorporated in India to manage pension funds under the ... More

COURTS/LEGAL ISSUES
Panel moots fast track courts for loan default disputes
IBA offers to train, certify recovery agents More

FOREX
Should crude be priced other than in dollar?
More

Rupee sheds 15 paise
The rupee depreciated by around 15 paise, on sustained dollar buying by banks. The home currency opened at 39.44/45, slipped to a low of 39.49 and then crept up to 39.43/44. It, however, fell again to end at 39.53, against the previous close of ... More

INSURANCE
Diploma course in insurance
Hyderabad, Nov. 22 Hyderabad-based Globarena Technologies announced on Thursday the launch of a one-year diploma course in insurance and risk management in association with Birla Institute of Management Technology (BIMTECH).The former ... More

LIFE INSURANCE
Globe-trotting policy!
He’s an insurance agent addicted to his job of just four years. And why not, it literally takes him places. More

GENERAL INSURANCE
United India investing Rs 100 cr on IT solution
Hewlett-Packard-led consortium bags seven-year pact More

RBI & OTHER CENTRAL BANKS
‘Cost of credit remains a burden for farmers’
New Delhi, Nov. 22 Indian farmers continue to writhe under the whopping burden of debt, though successive governments, including the United Progressive Alliance (UPA) Government, have not been fighting shy to tom-tom their total commitment to ... More

GOVT BONDS
Bond prices move up
The bond prices went up by two paise and the yields fell by one basis point on Thursday backed by the improvement in the cash conditions in the system. There was surplus cash of Rs 4,055 crore, which the banks parked with the Reserve Bank of ... More

CREDIT MARKET
IG Petro raises Rs 65-cr loan
IG Petrochemicals Ltd has informed the BSE that the company has raised a rupee term loan of Rs 65 crore from Bank of America as a refinance facility to repay the debentures of Spinnaker Group. With this, the company has made the full payment of ... More

RIGHTS ISSUE
Dhanalakshmi Bank plans rights issue
Thrissur-headquartered Dhanalakshmi Bank Ltd is contemplating the rights issue route to enhance its capital base.While confirming this information, the bank’s Managing Director and CEO, Mr P.S. Prasad, maintained that the board ... More

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