The Hindu Business Line : Monday, April 18, 2005

Now, insurance sector to outsource data management
AFTER banks, stock exchanges and the like, it is now the turn of the insurance sector to outsource data management. With more players joining the fray, the race to get a larger share of the pie is forcing insurance majors to look outside for ... More

LIFE INSURANCE

Bajaj Allianz ties up with co-op bank
BAJAJ Allianz has tied up with Janakalyan Sahakari Bank, scheduled urban co-operative bank, for bancassurance on a referral basis. Many insurance companies have bancassurance as a key distribution channel. In the case of SBI Life, the bulk ... More

DEBT MARKET

RBI move has primary dealers in a cleft stick
Managers at PDs are unsure whether they can take the load assigned to them by the RBI. More

Selling wave in bonds on weak equities, AIG scandal
BONDS remained weak in thin and listless trading throughout last week, as anxious traders largely remained sellers. Traders said that the wave of selling was also triggered by the bear phase in the equity markets, where the foreign ... More

PRIVATE BANKS

Karnataka Bank promotions
MANGALORE: Karnataka Bank Ltd has promoted two of its Assistant General Managers to the cadre of Deputy General Manager and four of its Chief Managers to the cadre of Assistant General Manager. A bank release said here on Saturday that Mr ... More

PUBLIC SECTOR BANKS

Ombudsman cautions banks
THIRUVANANTHAPURAM: The Banking Ombudsman for Kerala and Lakshadweep, Mr V. Krishnamurthy, has cautioned banks that refuse to acknowledge receipt of cheques/drafts tendered for collection at the counters and instead ask the customers to ... More

SBH appointments
HYDERABAD: Mr M. Ramaswamy, General Manager (Technical), has been elevated as Chief General Manager at State Bank of Hyderabad (SBH). Mr Ramaswamy joined banking services in 1970 as a probationary officer in the State Bank of Travancore. ... More

GOVT BONDS

Kerala Govt to borrow Rs 300 cr
THIRUVANANTHAPURAM: The Kerala Government is borrowing Rs 300 crore from the market for the State's development activities. The public auction of bonds will be held on April 20 at the Mumbai office of the Reserve Bank of India (RBI). The ... More

MERGERS & ACQUISITIONS

Nadars may offload 10 pc stake in Tamilnad Mercantile
THE Nadar community proposes to offload 10 per cent of the equity held by its members in Tamilnad Mercantile Bank to domestic or overseas investors, in order to raise money to pay Mr C. Sivasankaran of the Sterling group. Last April, the ... More

TRENDS

Banks offering new schemes to lure women depositors
After introducing special credit and debit cards for women, several banks have now started offering special deposit schemes for women. The latest to join the bandwagon is UTI Bank, which recently launched Smart Privilege, a savings bank ... More

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