|
|
MONEY & BANKING
GENERAL INSURANCE:
PSU insurers sign pact with Ministry on targets
Timeline set for achieving underwriting profits. Public sector general insurers have signed a Statement of intent (SOI) with the Ministry of Finance spelling out a time line for achieving ...
CREDIT MARKET:
Union Bank may miss credit growth target
Mumbai, Aug. 26 Union Bank of India may see credit growth for the current fiscal at 20-22 per cent, slightly lower from the target of 25 per cent, said Mr M.V. Nair, the Chairman and Managing Director, of the ...
CREDIT MARKET:
Bank credit down by Rs 4,814 cr
Bank credit fell by Rs 4,814 crore to Rs 28,82,919 crore for the fortnight ended August 14, from Rs 28,87,733 crore in the fortnight ended July 31, according to the latest figures released by the Reserve Bank of India. Credit demand has been ...
MORTGAGE:
Mortgage check product from CIBIL soon
Two PSBs using risk profiling tool. New Delhi, Aug. 26 CIBIL, the country’s first credit information bureau, plans to launch two new products – ‘CIBIL Detect’ and ‘CIBIL Mortgage check’ – in the coming ...
LIFE INSURANCE:
Aegon Religare plans to hike capital
Bangalore, Aug. 26 Private insurer Aegon Religare Life Insurance plans to infuse Rs 125 crore by the end of this fiscal, taking its total infused capital to Rs 520 ...
REGULATORY BODIES & RULINGS:
IRDA for tighter norms for high-risk customers
Hyderabad, Aug. 26 The proposals of politically-exposed persons should be approved by the insurance companies only after vetting of the contract by the senior management staff, the Insurance Regulatory and Development Authority (IRDA) ...
INTEREST RATES:
BSE gets nod for interest rate futures
Close on the heels of NSE, Bombay Stock Exchange will also be launching interest rate futures (IRF) in the next 8 to 10 weeks, the BSE said on ...
LIFE INSURANCE:
MetLife India offers monthly income plan
New Delhi, Aug. 26 MetLife India Insurance Company Ltd (MetLife) today announced its foray into monthly income plan segment through the launch of a new product ‘Met Monthly ...
RBI & OTHER CENTRAL BANKS:
Time the RBI started mopping-up operations
The Reserve Bank of India (RBI) is supporting market borrowings of the Government in the first half of the current financial year. It has undertaken a massive responsibility to relieve pressure on interest rates. Before each flotation of ...
REGIONAL RURAL BANKS:
KVGB opens 412th branch
The Dharwad-headquartered Karnataka Vikas Grameena Bank (KVGB) – a regional rural bank sponsored by Syndicate Bank – has opened its 412th branch at Hatalgeri Naka in Gadag town. Quoting the Chairman of the bank, Mr K.P. Muralidharan, ...
PUBLIC SECTOR BANKS:
Canara Bank Onam trade fair
The annual Onam Artisans Trade Fair conducted by the Kerala Circle office of Canara Bank got off to a start here on Wednesday. The five-day fair will provide a direct marketing outlet for artisans, self-help groups and small-scale ...
PUBLIC SECTOR BANKS:
Kerala SLBC meeting
The annual meeting of the State-Level Bankers’ Committee (SLBC) to review the performance of the banking sector and credit deployment in the State will be held here on Thursday and Friday. An official spokesman here said Mr H. S. ...
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
|
RSS Feeds