The Hindu Business Line : Saturday, August 13, 2005

Rupee moves up; bond prices fall
MUMBAI: The rupee closed slightly higher on good inflows and global weakening of the dollar on Friday. The currency opened at 43.58/59 and touched 43.60, as there was good dollar demand in the initial part of trading. However, due to good ... More

GENERAL INSURANCE

Repair cost assessment sticky issue with private insurers
Flood-damaged Mumbai cars still stranded
A LARGE number of vehicle-owners hit by the recent floods in Mumbai will have to wait until private insurers and garages settle their differences on the estimate of repair cost. The issue is mainly on the manner in which the scale of damage is ... More

Bajaj Allianz General cover for KVB customers
BAJAJ Allianz General Insurance Comany's latest co-branded product `KVB Suraksha' has been exclusively designed for the customers of Karur Vysya Bank. The Karur Vysya Bank Chairman, Mr P.T. Kuppuswamy, launched the product here on ... More

New health cover soon
BAJAJ Allianz General Insurance Company is all set to roll out its `Telemedicine Second Option' product, which is a health risk cover. The details of the product plan, however, are not known. Mr Athanusingh Mukherjee told Business Line ... More

PRIVATE BANKS

UTI Bank aims at 30-pc rise in loan syndication business
UTI Bank, which holds one-third share of the loan syndication business, is targeting Rs 40,000 crore from this segment in 2005-06. This is an increase of 30 per cent from last year. In 2004-05, the bank successfully completed around Rs 25,000 ... More

PUBLIC SECTOR BANKS

Andhra Bank investment portfolio `cleaned-up'
ANDHRA Bank believes its Rs 10,600-crore investment portfolio is now fully protected against effects of any interest rate hikes. Last year, the bank had to take a hit of Rs 153 crore on account of depreciation in the value of investments. In ... More

CREDIT MARKET

SBI targets Rs 200-cr biz from small sector cell
STATE Bank of India targets business worth over Rs 200 crore next year through its newly created Small Enterprises Credit Cell in Bangalore. The optimism stems from having advanced Rs 122.94 crore for 1,700 proposals within one year of its ... More

CREDIT CARDS & DEBIT CARDS

IBA to take up cap on credit for cardholders with RBI
BANKS are not in favour of the Reserve Bank of India's proposal to put a cap on the aggregate credit that a credit card holder can avail himself of, irrespective of the number of cards he holds. The Indian Banks' Association (IBA), the apex ... More

Country Club ties up with StanChart
COUNTRY Club has forged a strategic alliance with Standard Chartered Bank to offer the bank's 1.5 million credit card holders a chance to become a member of the timeshare property of the Club spread across the country. Apart from other ... More

REGULATORY BODIES & RULINGS

IRDA wants 'plain language' in contracts
THE Insurance Regulatory and Development Authority (IRDA) has embarked on a `plain language movement' in insurance contracts in an attempt to reduce worries for the general public and save trouble for the grievance redressal authorities over ... More

ALLIANCES & JOINT VENTURES

IOB ties up with Principal PNB
WHEN Indian Overseas Bank signed up with Sundaram Asset Management Company in February, it was the bank's first effort to sell mutual fund products. On Thursday, the bank announced the second — a tie-up with Principal PNB Asset Management ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line