Unveil your dream budget
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MONEY & BANKING
LIFE INSURANCE
LIC invests Rs 7,000 cr in equity under ULIPs
Contributed 72% of individual business portfolio
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SBI Life launches pension product with options
Scheme to allow policy-holders to increase regular premium or make top-up payments. Option to advance or postpone the vesting age.
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INTEREST RATES
Canara Bank hikes lending rate
Canara Bank today announced that it has decided to increase its benchmark prime lending rate by 75 basis points to 12.5 per cent effective tomorrow. This is the third time that the public sector bank has raised its PLR during the ...
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CREDIT MARKET
Gross bank credit increases by Rs 29,624 cr
Gross bank credit increased by Rs 29,624 crore to stand at Rs 17,96,115 crore for the fortnight ended February 2, according to Reserve Bank of India's Weekly Statistical Supplement. This includes food credit which moved up by Rs 2,292 crore to ...
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Loans against securities: Investors face piquant situation
Rate hikes, market volatility make them take new look at LAS accounts
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MERGERS & ACQUISITIONS
Srei Infra inducts new partners into Russian arm
European Bank, DEG of Germany pick up 30% stake
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EVENTS
Asian markets recovering lost ground, says Reddy
Dr Y.V. Reddy, Reserve Bank Governor, has said that Asian markets have been recovering their lost ground. They were re-emerging after their share in the global output had declined over a period of time. There was significant increase in the ...
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