The Hindu Business Line : Sunday, January 08, 2006

Knowledge network, voting rights for overseas Indians soon: PM
Easy remittance facility, special insurance planned
THE Prime Minister, Dr Manmohan Singh, has assured the Indian diaspora of creating a knowledge network, providing voting rights at home, modernisation of emigration process and streamlined procedures to cover remittances and insurance. Speaking ... More

LIFE INSURANCE

More insurance agents in million-dollar club
IT pays to be a life insurance agent - amply illustrated by the fact that the number of Indian members of the Million Dollar Round Table have doubled since last year. Significantly, agents from private life insurance companies have now ... More

GENERAL INSURANCE

Move to make healthcare affordable
New cover: Free medicines for BPL families on the anvil
IT may not be the conventional passbook that customers use to update bank balances. The Centre is mulling a `passbook concept' to help families below the poverty line (BPL) purchase medicines. The proposal, part of the Centre's new National ... More

FINANCIAL POLICY

`Bills on pension, insurance reforms in Budget session'
THE Centre will introduce bills to bring in reforms in the pension and insurance sector reforms in the ensuing Budget session of Parliament, the Union Finance Minister, Mr P. Chidambaram, said here on Saturday. The UPA Government willalso bring ... More

PRIVATE BANKS

Govt freezes operations of Ganesh Bank
THE Union Government has frozen the operations of Ganesh Bank of Kurundwad, Maharashtra, for three months as the bank's net worth has turned negative. The Government has issued an Order of Moratorium on the bank based on an application of ... More

PUBLIC SECTOR BANKS

OBC to sell Franklin Templeton MF
NEW DELHI: Oriental Bank of Commerce has entered into a memorandum of understanding with Franklin Templeton Asset Management (I) Private Ltd for distribution of its mutual fund products through the bank's branches in the country. In a ... More

CREDIT CARDS & DEBIT CARDS

Prepaid cards: Credit made easier
YOU ARE probably familiar with credit and debit cards. Now know the latest kid on the block — prepaid cards. Sold as a gift card by a few banks, it can be bought over the counter by paying cash or cheque for the ... More

FIXED DEPOSITS

SBI hikes domestic term deposit rates
STATE Bank of India announced on Saturday a hike in interest rates on domestic term deposits by 0.25-0.50 percentage points on varying maturity from January 9. SBI is the latest to hike the deposit rates. Bank of Baroda, Bank of India, Union ... More

ALLIANCES & JOINT VENTURES

KSIDC signs pact with UTI Bank
THE Kerala State Industrial Development Corporation (KSIDC) has signed a memorandum of understanding (MoU) with UTI Bank for joint activities such as identification of new projects and project appraisal. The MoU also covers infrastructure ... More

Pact with UAE exchange houses
MUMBAI: Syndicate Bank has tied up with Federal Exchange, Dubai, and Alfalah Exchange, Abu Dhabi, for providing remittance services. At present, the bank offers speed transfer facilities at 351 branches and would soon extend it to 150 ... More

CO-OPERATIVES

Co-operative credit revival package — Govt gives `in-principle' nod for Vaidyanathan panel report
THE Government has given an "in-principle" nod for the implementation of the report of the Task Force on the `Revival of short-term rural co-operative credit structure' that was chaired by Prof. A. Vaidyanathan. This has been disclosed in a ... More

Shamrao Vithal Co-op Bank gets nod to take over two UCBs
SHAMRAO Vithal Co-operative Bank Ltd (SVC) has got the Reserve Bank of India's approval to take over two Urban Co-operative Banks - Saptashrungi Co-operative Bank with two branches in Nashik and Samasta Nagar Co-operative Bank with four ... More