The Hindu Business Line : Monday, September 22, 2003

TCS plans to offer banking software on ASP platform
IN a bid to expand its footprint in the banking sector, Tata Consultancy Services (TCS) plans to offer its flagship banking software package, Quartz, on an application services provider (ASP) platform. TCS plans to target small and medium-sized ... More

LIFE INSURANCE

INSURANCE — SECURE FUTURE

New players — smooth start, but...
THE first three years' experience of the private sector in life insurance in India is being described universally as satisfactory. Last year, the new premium income of twelve private sector players more than trebled — to Rs 981.84 crore, ... More

Competition is the name of the game: Bancassurance — an instant channel to reach large customers
AT the turn of the century, the insurance sector, once the domain of State-run insurance companies was thrown open to private enterprise on December 7, 1999, with the introduction of the Insurance Regulatory and Development Authority (IRDA) ... More

Plan early, retire comfortably
LIBERALISATION of the industry and competition amongst life insurers have no doubt increased awareness levels about life insurance, and the role it plays in shielding the policyholder's family in the event of early death. But today, an equally ... More

Numbers not so pleasing for private sector players
THE aggregates mask some of the realities. Private sector life insurance companies may have cornered 8 per cent of the market, but most of them have not fared well in terms of `number of policies sold'. In 2002-03, the 12 private sector ... More

Giving the young ones a secure future
PRIVATE sector insurance companies are zeroing in to capture the youngest members of your family as potential clients for the future. "The idea is to catch 'em young and keep 'em loyal," quipped an insurance industry analyst. After banks and ... More

GENERAL INSURANCE

ECGC — focusing on widespread network
THE Export Credit Guarantee Corporation of India (ECGC) plans to open satellite branches across the country to create a widespread distribution network. The 46-year-old credit guarantee insurance provider opened two new satellite branches in ... More

RBI & OTHER CENTRAL BANKS

Better services key to alleviate poverty: World Bank
A WORLD Bank report has warned that broad improvements in human welfare will not occur unless poor people receive wider access to affordable, better quality services in health, education, water, sanitation, and electricity. Without such ... More

IMF calls for resuming Doha talks
THE IMF on Sunday called for political will on the part of countries to ensure a speedy resumption of the Doha Round, which is vital for strong global growth and development objectives and said that a unique initiative is being undertaken ... More

PRIVATE BANKS

New-age banks bet on variable pay plan
Reward for performance is the mantra on the horizon now
Companies are no longer ready to give fat increases in the guaranteed pay component but largesse in the variable component is increasingly the norm — but only for world-class results, mind you. More

PUBLIC SECTOR BANKS

United Bank to focus on home, education loans
UNITED Bank of India will focus on housing and education loans as part of its latest drive on retail lending. The Kolkata-based bank, which has proposed to create greater awareness of its loan products, plans to reach out to more people, ... More

GOVT BONDS

Slight hardening of liquidity in coming months likely
Traders said that what prevented the weakening of yields was that some of the maturing RIBs were being converted into non-resident deposits. More

INTERVIEW

`Insurance market both exciting & highly regulated'
AS one of the largest life insurance companies in the world, MetLife is confident it will make a mark on the Indian insurance scene. The life business is booming and with new products being unveiled all the time, the Indian consumer is faced with ... More

`Unit-linked insurance plans attractive in the long run'
BIRLA Sun Life Insurance, a joint venture between the Aditya Birla Group and Sun Life Financial, has completed two years of operations. The company is an innovator among the private sector insurance players in unit- linked life insurance plans. ... More

CO-OPERATIVES

Vizag co-op bank chief allays fears
THE Visakhapatnam Co-operative Bank, one of the oldest and reputed banks in the State, is safe and sound and there is absolutely no cause for concern on the part of either shareholders or depositors, according to Mr M. Anjaneyulu, Chairman of the ... More

Karnataka CM to inaugurate co-operative week celebrations
THE Karnataka Chief Minister, Mr S.M. Krishna, will inaugurate the 50th all-India co-operative week celebrations at Talpady in B.C. Road near Mangalore and a State-level convention of Navodaya self-help groups (SHGs) on November 14. Addressing ... More

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