Business Daily from THE HINDU group of publications
Saturday, February 07, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, February 07, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
MONEY & BANKING INVESTMENTS: LIC hikes stake in banks Private insurers too show interest in the sector. Mumbai, Feb. 6 Banking stocks were a favoured investment option for insurance companies, especially Life Insurance Corporation of India, during the ... PENSION PLANS: 6 shortlisted for managing citizen pension fund UTI top bidder, LIC priced out. Mumbai, Feb. 6 Three private sector groups – Reliance (ADAG), ICICI and Kotak Mahindra – are among the six bidders shortlisted by the Pension Fund Regulatory & Development Authority (PFRDA) for ... AUDITING: ‘RBI should go back to appointing auditors for banks’ New Delhi, Feb. 6 Appointment of external auditors for bank audits continue to be mired in ... HOUSING FINANCE: Demand for home loans continues to be passive Reduction in interest rate alone may not drive demand, say bankers. Hyderabad, Feb. 6 Banks are yet to witness any tangible increase in home loan demand even as the interest rates are on a ... GENERAL INSURANCE: General insurers keep away from corporate debt paper Bangalore, Feb. 6 Public and private sector general insurers are staying away from corporate debt paper despite the high yields on ... CORPORATE BONDS: IRFC mops up Rs 5,400 cr at ‘slightly below 9%’ In talks to raise $200-250 m via ECBs. New Delhi/Bangalore, Feb. 6 Indian Railway Finance Corporation (IRFC) has mopped up Rs 5,400 crore till date this fiscal at a weighted average cost of “slightly below 9 per cent” and average ... NON-PERFORMING ASSETS: RBI rules out tweaking asset classification norms Mumbai, Feb. 6 The Reserve Bank of India Deputy Governor, Ms Usha Thorat, on Friday ruled out tweaking asset classification norms as the central bank had already allowed special regulatory treatment and restructuring of advances to ... RBI & OTHER CENTRAL BANKS: ‘RBI to ensure Govt borrowing is smooth’ Mumbai, Feb. 6 The Reserve Bank of India will ensure that the Government’s additional borrowing programme is carried out in the least disruptive manner, said Dr D. Subbarao, Governor, ... AWARDS & HONOURS: Award for SBI Chairman Mr O.P. Bhatt, Chairman, State Bank of India, has been conferred the “Best Executive 2008” award by financial magazine Asiamoney. The award is under the category of Asia’s best companies and executives, said a ... BOOKS: Book on banks in South ... GENERAL INSURANCE: Reliance General ’s offline survey Reliance General Insurance, part of the Reliance Anil Dhirubhai Ambani Group, has launched an off-line claim survey application, Motoveys Claimlook, aimed at enhancing efficiency in processing motor insurance claims. Once a motor claim ... PEOPLE: New Canara Bank ED Canara Bank has a new executive director in Mr K.L. Jagdish Pai. Prior to the appointment, Mr Pai was General Manager in Bank of India. The Centre has issued an executive order for Mr Pai’s appointment as ED of Canara Bank and he can ... TRADE & LABOUR UNIONS: Bank unions’ wage talks on Feb 11 New Delhi, Feb. 6 With the public sector banks posting healthy profits in recent years, the nine bank unions, represented by the United Forum of Bank Unions (UFBU), are hoping to strike a good deal with the negotiating committee of the ... FOREX: Forex reserves rise by $990 m Mumbai, Feb. 6 After declining for over a month, the country’s foreign exchange reserves increased by a modest $990 million for the week ended January 30, 2009 to touch $248.611 billion, according to the Reserve Bank of India’s ... LIFE INSURANCE: ICICI Pru Life product Mumbai: ICICI Prudential Life Insurance has launched a single premium unit linked product ‘Wealth Advantage’. The product offers the flexibility to increase or decrease the sum assured depending on ... FOREIGN BANKS: American Express appointment New Delhi: American Express has announced the appointment of Mr Rajesh Saxena as Chief Executive Officer for American Express Banking Corp, India. — ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
|
The Hindu Group:
Home | About Us | Copyright | Archives | Contacts | Subscription
Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |
RSS Feeds