The Hindu Business Line : Monday, October 21, 2002

Insurance agents to seek redressal on commission
GENERAL insurance agents have approached the Insurance Regulatory and Development Authority (IRDA) seeking its intervention in ensuring public sector insurance companies paid them their full commission. Agents allege that insurance companies ... More

FINANCIAL MARKETS

RBI vets the fall in yields
The forthcoming monetary policy is just a week away and a lot has been said and written about what to expect in the policy. There can be various arguments both for and against cutting interest rates in the policy. More

PUBLIC SECTOR BANKS

Allahabad Bank mulls expansion in Kerala
ALLAHABAD Bank plans to expand its operations in Kerala, adding five more branches in various districts of the State soon. Speaking to newspersons, Mr N. Ramachandran, Assistant General Manager, said that two branches - one in Edappal and ... More

Corpn Bank opens 2 more ATMs
MANGALORE: As part of its endeavour to connect the entire country with an automated teller machine (ATM) network, the Mangalore-based Corporation Bank recently opened two more ATMs here. Corporation Bank now operates seven ATMs in ... More

Syndicate Bank's e-initiatives
MANGALORE: Fifteen branches of Syndicate Bank are now covered by the `Syndicate-e-banking' facility under the bank's centralised banking solution (CBS) which facilitates electronic banking through multiple delivery channels like ATMs, ... More

GOVT BONDS

Banks moving into PSU papers
BOND yields continued their downward spiral for the third consecutive week bolstered by foreign currency reserves and weakening inflation. Traders said that some of the key concerns of the markets had now abated. These concerns include revenue ... More

NON-PERFORMING ASSETS

Armed with securitisation Ordinance — PSBs not keen to shift bad loans to asset revamp company
Banks' resistance to ARC also stems from the slowdown in credit off-take, which means lower interest incomes. Instead, banks currently have opted for recovering bad loans through the provisions of the Ordinance. More

FIXED DEPOSITS

Andhra Bank cuts FCNR, domestic deposit rates
ANDHRA Bank has slashed interest rates on deposits under foreign currency non-resident (FCNR) scheme for the US dollar, UK pound and Euro currency. In a press release here, the bank's General Manager, Mr A.L. Nageswara Rao, said the bank had ... More

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In Depth
Gender Justice

Simple Economics

Small Investor

Looking back
Oct. 13-Oct. 19
LIC gets clearances for US operations — Eyes NZ, Australia and China

IMF-World Bank: Search for legitimacy

Rural branches on the decline

LIC sets tough trend for private players — To focus on expanding agency network

HDFC Chubb goes on stream

Unfair deal for the ordinary investor