GENERAL INSURANCE
Insurance cover offer on UBI housing loans in Kerala
THE Union Bank of India in association with SBI Life Insurance has launched its new product, Union Home Plus, in the State. This new insurance policy, which is an add-on to Union Home loans, would be an optional feature, open to both existing and ... More

RBI & OTHER CENTRAL BANKS
IBA alert on misuse of cheque book facility
THE Indian Banks' Association has advised banks to exercise due care and vigilance whenever bulk or frequent demand for cheque books are received from customers, to avert possible misuse of the cheque book facility. The IBA's caution has come ... More

PUBLIC SECTOR BANKS
SBT targets Rs 950-cr operating profit
STATE Bank of Travancore (SBT) is aiming at additional business of Rs 6,500 crore and an operating profit of Rs 950 crore in the current year. The total business of the bank had crossed Rs 30,000 crore in 2003-04 and of the additional business ... More

UCO Bank sticks to RBI norms, to pay 8 pc dividend
UCO Bank is to pay dividend at eight per cent for 2003-04, according to a decision taken by the bank's board at a meeting held in New Delhi on Wednesday. This follows Reserve Bank of India's instruction to the bank to restrict the dividend ... More

INTEREST RATES
Why not review panel on lending rates?
IT is hard to believe that the Rakesh Mohan report on interest rates on savings schemes will be significantly different from that of the Expert Committee to review the system of administered interest rates and other related issues, headed by Dr ... More

GOVT BONDS
Bond markets in wait & watch mode
MUMBAI: In the Government securities market, the auction results were as per expectations with the yield of the 12-year paper at 5.59 per cent. The bond market remained weak with a little buying interest. The 8.07-per cent 2017 paper ... More

CREDIT CARDS & DEBIT CARDS
DCB launches debit card
DEVELOPMENT Credit Bank (DCB) has launched its international debit card in association with Visa International. This marks the bank's foray into the debit card market. DCB customers can use the international card at over 10 million Visa ... More

PEOPLE
Raghunathan quits ING Vysya Bank
Mr Raghunathan had joined the then Vysya Bank in early 2001, after 20 years of a teaching stint at IIM, Ahmedabad. Mr Raghunathan said in the release that his incremental contribution to the bank would be limited, following its bid to align ... More

Shetty on LIC board
MR V.P. Shetty, CMD of UCO Bank, has been appointed Director on the board of Life Insurance Corporation of India. According to a Finance Ministry circular, the appointment, which takes effect immediately, will be valid for two years or till he ... More