GIC to buy out stakes of former subsidiaries
Mumbai: Following the delinking of the four former general insurance subsidiaries from General Insurance Corporation, the corporation has decided to buy out the stakes of its former and present subsidiaries in GIC Mutual Fund.
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Motor insurance: all st to change gears
New Delhi: The Insurance Regulatory and Development Authority is working on de-tariffing the troublesome motor-portfolio premium constituting almost two-fifth of the existing Rs 11,000-crore non-life premium, which is regulated by another constitutional body, the Tariff Advisory Committee since 1971.
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Shared ATMs: A win-win situation for all
Mumbai: The ATM market in India has been growing at a tremendous pace in the last few years, particularly from 1999. In 2000 and 2001, it grew by a whopping 100 per cent. But, the market buzzword is shared-network ATMs.
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Save IRFC from project financing
New Delhi: The financing arm of Indian Railways, the Indian Railway Finance Corporation, was created by the government in 1986, for raising funds from the open market to make up the shortfall in provision of funds for IR by the government.
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Women steal the limelight in bank management
Mumbai: Just imagine: If Uma Krishan, Mandeep Maitra, Meera Sanyal, Sutapa Banerjee,Chanda Kochar, Kalpana Morparia, Madhabi Puri Buch, Lalita Gupte, Ranjana Kumar, Roopa Kudwa and Naina Lal Kidwai all teamed up to set up a bank, it will be one hell of bank.
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Positives aplenty for the rupee
Mumbai: Positives for the rupee abound: continuous and sustained inflows of dollars by way of remittances, a soft interest rate bias with the attendant consequences of lower forwards premium and favourable economic fundamentals and an virtual absence of large ticket import cover.
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People's sector needs people
New Delhi: After a drought of job openings in the country, the opening up of the insurance industry could be a blessing. It is one place where job seekers could strike gold.
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Buying interest in high coupon FI bonds
Mumbai: Bond yields continued to slide with liquidity continuing to flood the markets, signalling a further softening of interest rates. The ten-year yield to maturity (YTM) slipped to 14.31 per cent on a weighted average basis.
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