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Thursday, April 15, 2004

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INSIGHT
SC verdict on Securitisation Act — More bark than bite?
The Securitisation Act aims to achieve two objectives: make adequate provisions for the recovery of loans and also to foreclose the security. But the crux of the issue is: would the Act be an effective tool to make a drastic difference to the NPA men ace in the short run? More

EDUCATION
IIIF, a business school with a difference
THE International Institute for Insurance and Finance (IIIF) has emerged as a business school with a difference. Created to serve as a centre of excellence to groom and hone skills as a finishing school for insurance and finance professionals, ... More

LIFE INSURANCE
ICICI Prudential Life premium up 135 pc
ICICI Prudential Life Insurance Company has recorded a 135 per cent growth in total premium income for the financial year ended March 31, 2003, at Rs 989 crore, as against a premium income of Rs 420 crore in the corresponding period, the previous ... More

GENERAL INSURANCE
FICCI against cap on pension fund players
`The decision to have a single CRA is a derogatory step and we are against this concept.' More

FINANCIAL INSTITUTIONS
KSFC loan sanctions touch Rs 301 crore
THE Karnataka State Financial Corporation (KSFC) assisted 1,300 new enterprises from various sectors during 2003-04, according to the Managing Director of KSFC, Mr V. Umesh. A KSFC press release said here that it extended assistance to 640 ... More

SECURITISATION
Securitisation Act anti-labour: Unions
THE Securitisation Act may have created a deep divide between lenders and borrowers but has created a strong bonding elsewhere - it has brought about unity among diverse labour unions. Unions with ideological leanings as varied as the Sangh ... More


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Top Stories
AIG arm reaps huge profit from Biocon stock sale


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Looking back
Apr. 4-Apr. 10
Further softening of interest rates likely

IBA may seek 50 basis point cut in SB account rate

NRIs prefer savings a/c to bank deposits

Tougher norms to check breach of tariffs

Bankers upbeat about better asset recovery


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