The Hindu Business Line : Monday, May 30, 2005

Karnataka Bank Q4 net up 46 pc
KARNATAKA Bank has reported a net profit of Rs 40.25 crore in the fourth quarter ended March 2005 against Rs 27.55 crore in the corresponding period of the previous year, recording a 46 per cent growth. The bank registered a net profit of ... More

LIFE INSURANCE

ING Vysya Bank divests stake in insurance venture
ING Vysya Bank has divested its 14.87 per cent stake in the ING Vysya Life Insurance Company Ltd in favour of Gujarat Ambuja Cement Ltd (GACL). A press release issued by ING Vysya Life Insurance Company said that the stake sale was made for a ... More

Surat diamond workers craft indigenous insurance scheme
KEEP it simple. That was the brief with which the Surat Diamond Association set out to locate a group insurance cover for diamond workers in the city. When none of the insurance companies could offer a suitable insurance product, the association ... More

DEBT MARKET

Life insurers, MFs keep bond market buoyant
BONDS remained firm throughout last week buoyed by life insurance companies' purchases though some traders booked profits towards the weekend. Bankers said that accretion of funds with some of the mutual funds also helped propel bonds. What ... More

CREDIT MARKET

Indian Bank focusing on education loans
INDIAN Bank is focusing on tie-ups with professional-educational institutions across the country for spot sanction of educational loans. Speaking to Business Line here, the Executive Director, Mr B. Sambamurthy, said that the bank has ... More

STANDARDS & BENCHMARKS

ISO for Canara Bank office
MANGALORE: The Mangalore circle of Canara Bank has been awarded the ISO 9001: 2000 certificate by Bureau of Indian Standards, New Delhi. A bank release said here that the Mangalore circle office embarked upon the idea to secure ISO ... More

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