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Monday, September 12, 2005
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MONEY & BANKING

HOUSING FINANCE


LIC Housing aims to disburse Rs 1,550 cr loans in South
LIC Housing Finance Ltd has set a target for disbursement of Rs 1,550 crore for 2005-06 for the southern region. During the current year, the company has disbursed Rs 477 crore in the southern region (covering Tamil Nadu, Kerala and Pondicherry) ... More

LIFE INSURANCE


Bajaj Allianz Life ties up with co-op bank
BAJAJ Allianz Life Insurance Company has entered into a bancassurance tie-up with the Bombay Mercantile Co-operative Bank. According to a press release, bancassurance contributes 30 per cent of the new business of Bajaj Allianz ... More

DEBT MARKET


Bond yields may stay range-bound
BONDS remained range-bound in a thin market last week as some of the large buyers, including life insurance companies, abstained from purchases. Bankers said that oil companies were also in the market for the purchase of foreign currency, as ... More

PRIVATE BANKS


SIB(Thrissur) extends business hours
KOCHI: The Thrissur-based South Indian Bank has announced that it had introduced extended business hours from 8 a.m. to 8 p.m. at its East Fort Branch, Thrissur for the convenience of the customers. The bank in a press release claimed ... More

FOREIGN BANKS


HSBC in pact with Global Payments
HONGKONG and Shanghai Banking Corporation Ltd has entered into an agreement with Global Payments Inc to establish a joint venture to expand the companies' credit card merchant acquiring businesses in Asia. Under the agreement, HSBC will ... More

FINANCIAL INSTITUTIONS


Exim Bank extends $15-m LoC to Equatorial Guinea
THE Export-Import Bank of India (Exim Bank) has, at the behest of the Government of India, extended a Line of Credit (LoC) of $15 million to the Government of Equatorial Guinea under the Team-9 initiative. The credit has been earmarked for ... More

CO-OPERATIVES


ICAI to initiate talks with RBI for having uniform audit report for co-ops
A UNIFORM format of audit report for cooperatives and regional rural banks is on the cards. The Institute of Chartered Accountants of India (ICAI) plans to approach the Reserve Bank of India soon for this purpose, informed sources said. The ... More



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