The Hindu Business Line : Thursday, February 20, 2003

Rupee up; gilts recover
Mumbai: THE rupee ended on Wednesday higher by one paise at 47.6950/7050 against the dollar as compared to Tuesday's close of 47.7050/7150 in the local currency markets. "Despite the good inflow of greenbacks, there was no significant ... More

LIFE INSURANCE

Insurance cover for Haj pilgrims mooted
THE Minister for Civil Aviation, Mr Syed Shahnawaz Hussain, today suggested providing an insurance cover for Indians travelling to Saudi Arabia for the annual Haj pilgrimage. In an informal chat with newspersons, the Minister said that this was ... More

GENERAL INSURANCE

Design policies for AIDS patients: IRDA chief
THE insurance industry should look at offering health policies to patients suffering from AIDS or other pre-existing diseases, Mr N. Rangachary, Chairman, Insurance Regulatory and Development Authority (IRDA), has said. Speaking at the 5th ... More

PSU insurers may trim dividend
FACED with mounting claims and falling investment incomes, public sector general insurance companies are likely to restrict dividend outflows during the current financial year. Presently the four public sector companies, New India Assurance ... More

Training deadline extended for TPAs
THE Insurance Regulatory and Development Authority (IRDA) has decided to extend the deadline for compulsory training for third party administrators (TPAs) in the health insurance services. While extending the time from September 16 this year ... More

CREDIT RATING

`Thought leaders'
MUMBAI: Crisil has crowned 13 students as Crisil Young Thought Leaders for 2002. These students are from business schools. This year, the series attracted a total of 288 dissertations on various topics. The award winners include four ... More

DEBT MARKET

States to raise Rs 14,151-cr loans from debt markets
SEVERAL States will raise loans worth Rs 14,151 crore before the end of this financial year from the Indian debt markets. This would include fresh borrowings under the `debt-swap scheme' between the Centre and the States and normal additional ... More

HUMAN RESOURCES

Banks on a hiring spree
IT'S recruitment season in the banking sector. A number of public sector banks have been inviting applications for the posts of probationary officers and some of them have completed the exam process. State Bank of India is filling up vacancies ... More

PUBLIC SECTOR BANKS

Central Bank mite to relief fund

FINANCIAL INSTITUTIONS

FIs keen to pre-pay loans, redeem bonds
FINANCIAL institutions (FIs) such as ICICI, IDBI, National Housing Bank and Hudco have sought pre-payment of loans taken from Life Insurance Corporation (LIC). Mr S.B. Mathur, Chairman, LIC, said that the FIs had not only sought prepayment of ... More

ALLIANCES & JOINT VENTURES

Catholic Syrian ties up with Birla Sun Life
THE Thrissur-based Catholic Syrian Bank will be distributing the products of Birla Sun Life Insurance Company Ltd. The bank and the insurance company announced their strategic alliance on `Banking on Life', the bancassurance brand of Birla Sun ... More

INVESTOR PROTECTION

Deposit insurance corpn plan still alive
THE proposal for setting up a bank deposit insurance corporation (BDIC) to protect depositors' interests is still on. Nearly a year after it was announced by the then Finance Minister, Mr Yashwant Sinha, in his 2002-03 Budget, the Ministry of ... More

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