MONEY & BANKING
INSIGHT
2004 was good, 2005 could be better
MR George W. Bush has a point. The American President was under attack from his Democratic rival, Senator John Kerry, on the large job losses in his administration in the last four years, but countered Senator Kerry by pointing out that he had to ...
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FOREX
Rupee moves up; bonds improve
MUMBAI: The rupee closed stronger by 15 paise on Tuesday as the dollar lost ground overseas against the euro and other currencies. The rupee ended at 43.70/72 against the dollar as compared to its previous close of 43.8450/8550. The ...
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LIFE INSURANCE
LIC simplifies death claim forms for tsunami victims — Nabard aid for rural housing, fisherfolk
BANKS and insurance companies are chipping in with special financial packages to assist those affected by the tsunami that hit the east coast on Sunday. According to a press release from the National Bank for Agriculture and Rural Development, ...
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GENERAL INSURANCE
War risk insurance for Indian flag ships liberalised
IN a New Year gift to the domestic shipping industry, the Government has liberalised the war risk insurance for Indian flag ships. It has granted freedom to ship owners to place their war risk cover directly with public sector insurance ...
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Insurers to settle only claims with add-on quake cover
ONLY those corporates that have both earthquake and STFI (storm, tempest, flood and inundation) covers will be entitled to receive compensation for the damages caused by the recent tsunami strike, say sources in the insurance industry. STFI is ...
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PRIVATE BANKS
ICICI Bank sees farm credit at Rs 7,000 cr
ICICI Bank is likely to meet its targets for agricultural lending in this financial year. The bank expects to disburse Rs 7,000 crore towards agricultural credit by the end of fiscal 2004-05 as compared with Rs 4,000 crore disbursed in the ...
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PUBLIC SECTOR BANKS
Tsunami damages 3 SBI branches in Andamans
THREE branches of State Bank of India in Andaman & Nicobar were damaged by the tsunami disaster. The flooding caused by the calamity impaired the premises and computer systems, said Mr A.K. Purwar, Chairman, State Bank of India, speaking to ...
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CREDIT MARKET
Banks in Kerala to extend loan repayment periods for victims
The committee has also decided to grant fresh loans, including consumption loans, on liberal terms and conditions.
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Cross Currency Rates
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