The Hindu Business Line : Thursday, April 10, 2008

LIFE INSURANCE
Reliance Life clocks 196% growth in new biz premium
Mumbai, April 9 Reliance Life Insurance has registered a 196 per cent growth in new business premium at Rs 2,754 crore in 2007-08 against Rs 930 crore in the previous year. Mr P. Nandagopal, CEO, Reliance Life Insurance said that the growth ... More

FINANCIAL MARKETS
Taking ‘a hundred small steps’ to ensure financial inclusion
More

PRIVATE BANKS
YES Bank to focus on current, savings accounts
Mumbai, April 9 As on March 31, 2008, YES Bank’s Net Interest Margin increased to 3.06 per cent (2.6 per cent). The share of low-cost deposits to total deposits (current account savings account) to total deposits is at 8 per cent. ... More

CREDIT MARKET
SKS Microfinance plans to double women clients
Hyderabad, April 9 SKS Microfinance is planning to double its number of women clients from six lakh at present to 12 lakh by the end of the current financial year. The Hyderabad-based non-banking finance company, set up in 1998, has ... More

SBT scheme for auto workshops
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SHORT TERM INSTRUMENTS
Mutual funds chasing 91-day T-bills
Anticipate yields may soften further on liquidity overhang More

Call rates close lower
More

MERGERS & ACQUISITIONS
YES Bank is in talks with foreign majors
Keen on strategic investment and business correspondent relationship More

OUTLOOK
DCB looking at alliances, branches for micro-finance
To meet the needs of the microfinance sector, Development Credit Bank (DCB) is looking at options such as forging alliances with microfinance institutions (MFIs) and at opening exclusive branches for this purpose. Mr Guatam Vir, ... More

Nabard sets higher short-term refinance target of Rs 22,000 cr
Mumbai, April 9 The National Bank for Agriculture and Rural Development plans to raise around Rs 14,000 crore in 2008-09 through market borrowings.“In the last fiscal also we had raised around Rs 14,000 crore. But this year we ... More

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