The Hindu Business Line : Wednesday, November 19, 2003

KVB, ECGC in pact for bancassurance
KARUR Vysya Bank (KVB) has tied up with the Export Credit Guarantee Corporation (ECGC) to sell ECGC's insurance products. ECGC is a public sector company that provides insurance for losses arising out of non-payment by overseas ... More

ECGC ties up with Bank of Rajasthan
THE Export Credit Guarantee Corporation has entered into a bancassurance tie-up with Bank of Rajasthan. With this tie-up, the bank will issue all policies of ECGC, which include standard, small exporters and specific shipment policies covering ... More

FOREX

Perils of success
IT'S an unusual situation for the Reserve Bank of India, the Government and the country. Forex reserves are plentiful, liquidity is abundant, interest rates are low and inflation seems to be in control. We are far from the perennial ... More

Rupee slips further; gilts recover
MUMBAI: The rupee lost another 11 paise on Tuesday to close at 45.63/64 in its value against the dollar down from Monday's closing level of 45.54/56. The depreciation was triggered by a host of factors - lack of robust dollar supplies, ... More

HOUSING FINANCE

Safer home: `Float over to fixed rate'
WITH alluring home loan offers in the market, many bankers now advocate and would personally choose a fixed rate loan over a floating rate one. However, 90 per cent of the existing housing loans in India have been disbursed at floating rates ... More

LIFE INSURANCE

Kerala notifies decision on SLI membership
THIRUVANANTHAPURAM: The State Government has notified a decision, which seeks to deny issue of annual increment to those employees who have not enrolled themselves into the State Life Insurance (SLI) scheme within the prescribed time ... More

GENERAL INSURANCE

ICICI Lombard overseas travel cover for 71-85
ICICI Lombard General Insurance has introduced overseas travel cover for senior citizens aged between 71 years and 85 years under its Globetrotter Overseas Travel Insurance umbrella. The policy is aimed to meet the needs of approximately one ... More

National Insurance, BoI tie up
NATIONAL Insurance Company Ltd has tied up with Bank of India for the sale of its insurance policies. Both parties have signed an agreement for undertaking bancassurance business under the referral model, said a press release. "We have already ... More

PUBLIC SECTOR BANKS

It's China ho for SBI
STATE Bank of India is gearing up to flag off commercial banking operations in China shortly. Mr A.K. Purwar, Chairman, SBI, told Business Line that the bank had written to the Chinese Government for permission to upgrade its ... More

FINANCIAL INSTITUTIONS

Dabhol: Banks, FIs ready to accept asset splitting
DOMESTIC banks and financial institutions (FIs) have indicated that they were prepared to accept splitting of assets of the Enron-promoted Dabhol Power Company. Banking sources said, "If this is the issue holding up a settlement, we are ... More

IDBI shareholder withdraws suit on share allotment
An IDBI shareholder has withdrawn the suit filed by him to stall the allotment of shares of the bank's Rs 154-crore rights issue, according to DSP Merrill Lynch, merchant banker to the issue. DSP Merrill Lynch today informed the BSE, "We ... More

IDBI sells Infotech shares

NON-PERFORMING ASSETS

APSFC to make final call on defaulters
HAVING given more than enough time to its defaulters across the State, the Andhra Pradesh State Financial Corporation (APSFC) has now decided to make a final call. According to a senior APSFC official, the corporation has decided to go on a ... More

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