The Hindu Business Line : Tuesday, July 02, 2002

Rupee up; gilts lacklustre
Mumbai: THE rupee appreciated by three paise on Monday to end stronger at around Rs 48.83/84 per dollar unit as compared to its previous close of 48.8650/8750. Dealers said that the forex market was mostly one-way, with the domestic currency ... More

GENERAL INSURANCE

Private insurers must give statutory cover: TAC
Some of the private sector insurance companies were averse to providing statutory cover in view of very high claim ratios in these sectors. More

Despite uncertainty due to HC stay — Insurers implementing revised motor tariffs
GENERAL insurance companies have started giving effect to the revised motor tariffs from Monday despite uncertainty over the impact of the stay granted by the Calcutta High Court on the implementation on the new tariff structure. The stay has ... More

PRIVATE BANKS

IDBI Bank schemes to attract local customers
IDBI Bank plans to extend its `customer-centric philosophy' to all customers in its local networks. IDBI Bank representatives, who addressed a press conference here on Monday, primarily to attract businessmen to their new schemes, said that ... More

Dhanalakshmi Bank net up 49 pc
THE net profit of the Thrissur-based Dhanalakshmi Bank has grown by 48.74 per cent to touch Rs 10.07 crore for the year 2001-02 as against Rs 6.77 crore recorded for the previous year. Meanwhile, the operating profit shot up 105 per cent to ... More

PUBLIC SECTOR BANKS

SBT to focus on retail banking
THE State Bank of Travancore (SBT), which recorded a 24 per cent increase in net profit in 2001-02, has projected its total business, excluding investments, to reach Rs 25,000 crore in the current year. The bank had logged a total business of ... More

NEW PRODUCTS & SERVICES

Bima Nivesh Triple Cover
LIFE Insurance Corporation of India (LIC) has launched a new life insurance plan, Bima Nivesh Triple Cover. The short-term (10-year), single premium scheme, launched on Monday, envisages payment of thrice the basic sum assured in the event of ... More

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