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MONEY & BANKING
PREFERENTIAL ALLOTMENTS:
Recapitalisation of PSBs likely thru preference share route
Move to allow banks raise more resources from the market. Bangalore, Oct. 19 Recapitalisation of public sector banks is expected to be done through issuance of perpetual non-cumulative preference ...
CREDIT MARKET:
Banks’ caution on retail loans pushes up corporate credit
Mumbai, Oct. 19 The growth in corporate credit has been higher than that in retail credit, judging by the second quarter results announced by some private ...
INSIGHT:
Global imbalances: Remarkable reversal
An important feature of the global monetary regime of the last three decades is the imbalance in the distribution of current account balances across countries and country groupings. Recently, the most glaring discrepancy is the fact that a huge ...
INTERVIEW:
‘ICICI Lombard focus will be on profitable growth’
We are picking business that is rightly priced and also trying to manage our costs: Dasgupta. Mumbai, Oct. 19 ICICI Lombard General Insurance, the largest general insurer in the private sector, is reworking its growth strategy. Instead of ...
CREDIT MARKET:
AP micro finance model impresses London Mayor
Muminpet (Medak Dist), Oct. 19 “Why many in India continue to live in poverty when the United Kingdom is rich ...
LIFE INSURANCE:
Life insurance cos’ concern over Direct Taxes Code
Seek clarification on omission of ULIPs for tax deduction. New Delhi, Oct. 19 With the new Direct Taxes Code likely to be introduced in Parliament for discussion in the winter session, life insurance companies have already started expressing ...
FINANCIAL SERVICES:
Decision on Swarup panel recommendations on Nov 5
New Delhi, Oct. 19 A decision on the controversial Swarup Committee report — which recommended doing away with the commission on financial products and services to agents by 2011 — would be taken on November ...
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