The Hindu Business Line : Thursday, March 27, 2003

IRDA may get annuity pie of pensions markets
WHILE the Insurance Regulatory and Development Authority (IRDA) might have lost the race for the new pension regulator, the Government has in store a consolation prize for it. According to the plans for the new pension system, IRDA would ... More

FOREX

NRI remittances beef up rupee
Mumbai: THE rupee gained further strength on Wednesday against the dollar on the back of large overseas remittances. The rupee surged by four and a half paise to end at 47.5600, touching an 18- ½ month high. On Tuesday, the rupee closed at ... More

INFORMATION TECHNOLOGY

Centurion Bank offers `SMS Alerts' facility
CENTURION Bank has launched mobile phone-based `SMS Alerts' a value-added premium service. Centurion Bank customers with mobile subscriptions can get updated information on their bank transactions through the `SMS Alerts' service. The bank ... More

LIFE INSURANCE

LIC in talks with banks to swap securities
THE Chairman of LIC, Mr S.B. Mathur, has said that he expects to make good use of the last week of this fiscal to push insurance policy sales. Mr Mathur was in Chennai in connection with the inauguration of a new branch of Corporation Bank ... More

LIC ties up with Geojit Securities

Tata AIG to expand operations in Kerala

GENERAL INSURANCE

Tata AIG unveils indemnity cover for auditors
TATA AIG General Insurance Company has launched its professional indemnity policy for chartered accountants. The policy has been exclusively designed in consultation with the Bombay Chartered Accountants Society for individual chartered ... More

DEBT MARKET

Retail trading in gilts lacklustre
THE Reserve Bank of India scheme for gilts trading on the bourses seems to be facing a `chicken and egg' situation Excepting a few, most primary dealers are yet to even seek consent from their boards to participate in the new initiative. Seeing ... More

PRIVATE BANKS

DCB plans retail focus in new fiscal
DEVELOPMENT Credit Bank Ltd (DCB) is to change its focus from wholesale banking to retail banking in the new fiscal. "The bank's focus for the coming fiscal will be building retail assets. We will be going aggressively on auto, housing and ... More

PUBLIC SECTOR BANKS

Credit offtake still mild, says Corporation Bank chief
CREDIT off-take is still mild except for a few companies in industries such as pharmaceuticals, automobiles and oil, according to Mr Cherian Varghese, Chairman and Managing Director of the bank. He expected interest rates to stay in the current ... More

Canara Bank bonds

NON-PERFORMING ASSETS

Court rejects BPL chief's plea to lift attachment of assets
A TRIAL court has rejected a plea made by Mr T.P.G. Nambiar, the promoter-Chairman of the BPL Group, to lift a conditional attachment on the movable and immovable assets held by him, including shares in group companies, following a clutch of ... More

CO-OPERATIVES

New administrator appointed for Prudential Bank
THE Andhra Pradesh Government has asked the Additional Secretary in the Relief Department, Mr E. Satyanarayana, an IAS officer, to take charge of the affairs at Prudential Bank. He was expected to take charge as the Administrator today evening ... More

Mahesh Bank claims `safe' liquidity ratio
IN a bid to address the problem of panic withdrawals amidst problems being faced by the State-based urban cooperative banks (UCBs) in the recent past, Mahesh Bank, the city-based UCB with scheduled status, announced that the bank was enjoying ... More

RCS panel to manage Charminar Bank
AS a part of its efforts to restructure and revive the operations of the ailing Charminar Bank, the city-based urban cooperative bank, the Andhra Pradesh State Registrar of Cooperative Societies (RCS) has appointed a seven-member person-in-charge ... More

PEOPLE

New member on SBH board

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