StanChart targets SMEs with slew of products
Mumbai: Standard Chartered Bank is making a foray into the small and medium 
enterprises segment and has launched a range of products aimed at this segment.
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ICICI Bank launches private banking service
Mumbai: ICICI Bank launched its private banking service in India on Monday. The service would cater to the entire banking and financial advisory needs of high net worth customers of the bank.
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Public sector insurers get High Icra ratings
Mumbai: Despite inefficiencies and losses, the state-owned general insurance companies continue to enjoy highest rating 'IAAA' from Icra on account of  their PSU status, high asset-liability ratios and profitable investment portfolios.
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Icra puts MRPL NCDs on watch with positive implications
Mumbai: Icra has placed Mangalore Refinery and Petrochemicals Ltds non-convertible debentures under watch with positive implications.
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"Maturity factoring not to affect normal banking for exporters'
New Delhi: The new non-recourse `maturity factoring' facility offered by the Export Credit Guarantee Corporation of India Ltd (ECGC) to banks will not disturb the existing system of banking arrangement vis-a-vis exporters.
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Aviva draws up expansion plan
Bangalore: The Dabur-CGU joint venture, Aviva Life Insurance, is planning to expand its reach in Karnataka, by increasing the number of life advisors.
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RBI group okays e-money
Mumbai: The RBI Working Group on electronic money has said that e-money could be used as a substitute for the central bank notes and coins even though it would not be "desirable'' to place any limit on storing monetary 
value in e-money.
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ECB prepayment norms relaxed
Mumbai: With forex reserves at comfortable levels of around $60 billion, the Reserve Bank of India yesterday eased norms allowing prepayment of external commercial borrowings (ECBs) under the automatic route on an "experimental basis.''
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ICICI Bank shares info on defaulters with other banks
Mumbai: ICICI Bank has begun to share information about defaulting customers with the State Bank of India and HDFC Bank.
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CP market touches new low : Mid-segment corporates too get fine rates
Mumbai: With top-notch corporates (`P1+') raising funds through commercial papers (CPs) at rates as low as 6.20 per cent in the market, bankers fear another bout of undercutting among them in CPs of those corporates which do not enjoy top rating in the market.
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As insurers resort to undercutting : IRDA panel hikes penalty for breach of tariff norms
New Delhi: The Tariff Advisory Committee has proposed tightening of penal provisions in a bid to discourage breach of tariff guidelines by insurance 
companies both in the private and public sectors.
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