LIC (South) Q1 premium income Rs 1,042 crore
Chennai: The Southern Zone of the Life Insurance Corporation of India has achieved a record total premium income of over Rs 1,000 crore in the first quarter of the current financial year. The Zone's total premium income amounted Rs 1,042 crore, as Rs 832 crore in the corresponding quarter of last year.
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Bill on NPA recovery puts in more action Wilful defaulters may find going tough
New Delhi: Though the Bill to replace the Ordinance for NPA recovery has not made any concession for any category of defaulters for action by lenders under the new law, industry's plea for a distinction between wilful and non-wilful defaulters would be metin practice. However, what might not please industry is that the segregation of defaulters based on their intent and the resultant action to be taken would again be on terms laid down by lenders themselves .
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Investor Personal Finance Show 2002
Visitors filing in the application form for loans at the Investor Personal Finance Show 2002 at Palace Ground in Bangalore on Saturday.
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Corporation Bank mulls VRS
Mangalore: Corporation Bank is holding internal consultations on offering voluntary retirement to its staff. If agreed upon, the bank would need to approach the finance ministry for its clearance since the scheme of 2000-01 was no longer in force.
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LIC launches Jeevan Rekha today
Mumbai: Life Insurance Corporation is launching a new life insurance plan, Jeevan Rekha, a combination of whole life and popular money-back plans.
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A wad of notes till staples do them apart
Mumbai: Sometime back, the Reserve Bank of India issued a circular doing away with the long established practice of stapling notes.
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Banks discover life after VRS, warts and all
New Delhi: Voluntary retirement schemes offered by banks in 2001-02 have started to pay off. More than a lakh of over 9 lakh employees bank staffers opted for VRS in state-run banks, which cost them Rs 12,000 crore.
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Securities thru `SPEED-e at Geojit
Thiruvananthapuram: The Kochi-based Geojit Securities has created a new benchmark with the security pay-ins delivered through its NSDL-sponsored `SPEED-e' Internet trading platform constituting as much as 25 per cent of the aggregate deals transacted by the brokerage company.
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Investors turning to fixed income products It's portfolio review time for funds
Mumbai: For well over two years, especially since the end of the last equity boom, mutual fund investors have been indulging themselves a lot in fixed income a fact that has dominated conversation in investment circles. CEOs of leading fund houses have been doing their bit to highlight the situation as well.
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