Financial Daily from THE HINDU group of publications
Tuesday, March 26, 2002
Financial Daily from THE HINDU group of publications Tuesday, March 26, 2002 |
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MONEY & BANKING NBFCS Setback to SEBs' plans to retire high-cost funds -- PFC, REC say no to prepayment of loans THE State Governments' attempts to reduce the debt burden of their respective power utilities have run into trouble, with the Power Finance Corporation (PFC), the Rural Electrification Corporation (REC) and the financial institutions (FI) ... More
Cholamandalam board recast LIFE INSURANCE AMP Sanmar Assurance lines up new life products AMP Sanmar Assurance Company, the life insurance joint venture between AMP of Australia and Sanmar group of Chennai, which kicked off its operations recently with the launch of five life products, has lined up a couple of new life products for ... More FINANCIAL POLICY Proposal to merge banking, insurance ombudsman schemes IN an interesting move in the financial sector, the Finance Ministry is considering a proposal to consolidate the Ombudsman schemes of the banking and insurance sectors into an umbrella scheme. Couple of rounds of high-level discussions for the ... More PUBLIC SECTOR BANKS Canara Bank falls short of retail lending target CANARA Bank had set itself a target of Rs 2,700 crore for the current year, for retail lending. However, it is likely to end the year with not more than Rs 1,250 crore, according to sources. However, undeterred by this slip-up, the bank has ... More INTEREST RATES Union Bank cuts lending rate BANKS have started cutting lending rates at last. Close on the heels of Central Bank of India taking the lead in announcing a cut in lending and deposit rates last week, Union Bank of India on Monday lowered its prime lending rate (PLR) and ... More TRADE & LABOUR UNIONS Indian Bank staff sign pact with management THE Employees Unions and the Officers Associations of Indian Bank signed an agreement with the management on March 9, extending `total support' and commitment for implementing monitorable reform measures. The agreement is pursuant to the ... More
Kerala Bank staff to strike work EVENTS Selling insurance -- IRDA in talks with IIB to train bank staff THE Insurance Regulatory and Development Authority (IRDA) is in talks with the Indian Institute of Bankers, to see if it is possible to get the Institute to train bank employees in insurance selling. Mentioning this at a seminar on ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Mar. 17-Mar. 23 Indian Bank recap may come with riders Will securitisation turn out to be a vibrant industry? Motor insurance set to rise sharply `No retrospective tax effect on discount bonds' PSU insurance cos fear cost escalation -- Embark on damage-limitation LIC to discontinue children's policy Restraint against joining proceedings in US -- Dabhol lenders get HC reprieve Gold exchange key to boost market: Reddy Pvt banks better PSBs in cost control Indian Bank tops in interest spread Govt focussed on NPA recovery, says Sinha Dabhol lenders may recall loans |
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