Financial Daily from THE HINDU group of publications
Sunday, September 01, 2002
Financial Daily from THE HINDU group of publications Sunday, September 01, 2002 |
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MONEY & BANKING PENSION PLANS IRDA urged to address tax anomalies on annuities The Managing Director of SBI Life Insurance, Mr R. Krishnamurthy, favoured designating the life insurance companies as the sole institutions to run new pension schemes, keeping in view their experience with the long-term savings. More FOREX Forex reserves cross $61b THE country's forex reserves rose by $ 396 million to touch $ 61.035 billion for the week ended August 23, 2002, from $ 60.639 billion in the previous week, as per RBI statistics. Dealers ascribed the rise in reserves to substantial inflows ... More LIFE INSURANCE Loan cover assurance policies: A roof over the loan INCREASING sophistication among banks and finance companies has resulted in a variety of housing loan products, but common to all of them is the long repayment period that takes away a significant chunk of one's income. The size of a housing ... More
Private insurers begin rural invasion
Bonus from SBI Life GENERAL INSURANCE United India bags contract of Shell's Hazira project UNITED India Insurance has bagged the insurance contract for the $420-million `Hazira Port and LNG Terminal project' of Shell India Pvt Ltd. United India will get a premium income of Rs 12 crore from the contract. However, the public sector ... More DEBT MARKET Softening bias for interest rates THE bond market had a stable month with a firm undertone during July. The market, initially, was apprehensive of the new Finance Minister resorting to populist steps and rolling back some of the interest rate reduction measures taken by his ... More FINANCIAL INSTITUTIONS IFCI package almost final THE Government is close to finalising a comprehensive restructuring package for IFCI Ltd, the Finance Minister, Mr Jaswant Singh, said here today. The restructuring package would be similar to the UTI bail-out scheme in so far as it would try ... More MERGERS & ACQUISITIONS Bank mergers must be market-driven: Kamesam CONSOLIDATION and mergers among banks should be market-driven and such proposals should come voluntarily from banks themselves depending on the organisational synergy and the market share, according to Mr Vepa Kamesam, Deputy Governor, Reserve ... More ALLIANCES & JOINT VENTURES 
UTI Bank ties up with Shriram for truck loansTHE UTI Bank has entered into a memorandum of understanding with the Chennai-based Shriram group, under which the bank would finance some of the truck loans generated by the Shriram group. This move is a further step into retail finance, which ... More ADVERTISING Transparent consumer loan advertising AD campaigns are dime a dozen for consumer durables and auto products offering `zero interest', `no interest', `concessional interest', among others. Many a time, the fine print does not match with what the headlines proclaim but the campaigns ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Aug. 25-Aug. 31 RBI Web site to detail gilt deals soon Insurance industry in crisis: IRDA chief Rs 1.5 lakh cr locked up in litigations RBI may permit banks to issue standby LCs New IRDA motor norms may add to insurance cos' woes Solar-powered ATMs? Why do banks neglect the farm sector? RBI annual report 2001-2002 — Economic climate may force RBI to change stance |
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