HOUSING FINANCE

LIFE INSURANCE
Max NY Life in talks with banks for equity tie-ups
MAX New York Life is in talks with a number of large banks which might want to forge an "equity-based partnership'' with the company.The insurance company is working at developing its business through bancassurance route. The company is also ... More

Birla Sun Life eyes top slot
HAVING registered a growth of more than 250 per cent in sales during the last fiscal, Birla Sun Life Insurance (BSLI) has now set its eyes on reaching the top slot in the private life insurance sector by displacing ICICI Prudential Life Insurance ... More

GENERAL INSURANCE
Dena Bank to vend Oriental products
DENA Bank and Oriental Insurance Company Ltd have entered into an agreement for the distribution of latter's insurance products through a referral arrangement. The insurance company will be offered space at 236 branches of Dena Bank, while ... More

FINANCIAL POLICY
Carry trade loses sheen
LAST week, the US Federal Reserve got out of the market's way - for another six weeks at any rate, till the next meeting. The Fed's interest-rate and policy-setting body, the Federal Open Markets Committee (FOMC), decided to up rates 25 ... More

RBI & OTHER CENTRAL BANKS
`RBI's new role is delegation, liberalisation'
THE Chief General Manager, RBI Mumbai, Mr F.R. Joseph, has said that the central bank's role has changed from regulation and control to delegation and liberalisation. Banks have been permitted to make available foreign exchange to individuals, ... More

PRIVATE BANKS
Dhanalakshmi Bank outsources ATMs from Euronet
DHANALAKSHMI Bank on Tuesday said it would completely outsource its ATM services and requirements from Euronet Services India Ltd. The Thrissur-based bank will be the first in South India to opt for end-to-end outsourcing and deployment, ... More

PUBLIC SECTOR BANKS
Delhi Allahabad Bank extends educational loans
NEW DELHI: THE Delhi region of Allahabad Bank plans to disburse education loans worth Rs 10 crore during the current fiscal as against Rs 5 crore disbursed during the previous year. This was stated by Mr Deepak Narang, Deputy General ... More

FINANCIAL INSTITUTIONS
Norms for banks/FIs tightened: 10 per cent cap to cover all capital investments
INVESTMENTS of banks and financial institutions (FIs) in various instruments such as equity shares, preference shares eligible for capital status, subordinated debt instruments, hybrid debt capital instruments and any other instrument approved as ... More

CREDIT CARDS & DEBIT CARDS
Hero Honda, SBI launching card for Chennai `passport' members
HERO Honda, has joined hands with SBI Card to develop a credit card specially for its Passport Programme members in the city. The Passport Programme entitles a customer to freebies such as one year's free accident insurance coverage, ... More