United Western Bank NPAs rise Rs 35 crore to Rs 424 crore
Mumbai: The gross non-performing asset level of United Western Bank has increased by Rs 35.19 crore to Rs 424.27 crore at the end of quarter ended June 30 compared to Rs 389.08 crore at end-March 2002.
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IIB to go global soon
New Delhi: The Indian Institute of Bankers, which caters to the education needs of banking and finance professionals and institutions in India, proposed to go global by tying up with institutes in UAE, Afghanistan and Sri Lanka, Mr RH Sarma, IIBs CEO, said on Wednesday.
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Way2Wealth plans foray into insurance broking
Bangalore: Way2Wealth Securities, the Bangalore-based multi-locational investment-consulting firm, has chalked out an aggressive growth plan to expand its network and enter new businesses of insurance broking and Internet broking.
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ICICI Pru grabs 25 pc of pension plan market
Mumbai: ICICI Prudential Life Insurance Company has garnered over 25 per cent of retirement solutions market, in terms of the premium contributions to pension plans during April-June 2002.
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IRDA urged to allow entry of sub-brokers
Mumbai: The Mumbai-based Insurance Brokers' Association of India has represented to the Insurance Regulatory and Development Authority (IRDA), asking the regulator to allow sub-brokers to operate.
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Indian Bank cuts home loan rates
Thiruvananthapuram: Indian Bank has reduced the interest rates on fresh home loans by 50 to 75 basis points through various slabs with effect from September 1.
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Mortgage-backed securities - FI investments to attract 50 per cent risk weight
New Delhi: Financial institutions issuing housing loans to individuals against the mortgage of residential housing properties will now assign a risk weight of 50 per cent as against the prevailing risk weight of 100 per cent.
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LIC Madurai first premium income up 137 pc
Madurai: The Madurai Division of the Life Insurance Corporation (LIC) has registered an improved performance despite the entry of private players into the insurance sector.
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ING to `rebrand' Vysya Bank
Mumbai: The Dutch financial services major ING Group, whose proposal to enhance equity holding in Vysya Bank to 49 per cent was cleared by the regulators recently, now plans to take up a `rebranding' and `repositioning' exercise for Vysya Bank by .
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Karur Vysya chief hails securitisation Ordinance
Karur: P.T. Kuppuswamy, Chairman of the Karur Vysya Bank Ltd (KVB), has welcomed the recently promulgated securitisation Ordinance. "It will be another weapon in our armoury to collect our outstandings."
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IOB credit portfolio set to increase by Rs 1,000 cr
Chennai: Indian Overseas Bank's (IOB) credit portfolio is expected to increase by Rs 1,000 crore in the first half of this fiscal. Nearly a fourth of this would come from housing advances.
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Bonds auction
Mumbai: The Government of India has converted ad hoc treasury bills worth Rs 10,000 crore into special Government securities. These are the 6.18 per cent 2005 for Rs 3000 crore, the 7.27 per cent 2013 for Rs 4,000 crore and 7.38 per cent 2015 for Rs 3,000 crore.
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Study financial statements closely, bankers urged
Managalore: The Mangalore-based Karnataka Bank organised a seminar on `Balance sheets and integrated risk management' for the benefit of its executives.
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LIC scraps New Bima Nivesh
Kolkata: Life Insurance Corporation has finally decided to phase out 'New Bima Nivesh' and 'New Jeevan Shree', two of its popular products.
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HDFC said to be keen on buying some of IFCIs good assets
Mumbai: Even before the IFCI bailout package, estimated at Rs 13,000 crore, has been finalised, HDFC has approached IFCI for buying out some of its good assets.
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Plan to allow higher ECB pre-payments
Mumbai: The Government and the Reserve Bank of India are now considering a policy change to allow higher pre-payment of external commercial borrowings (ECBs).
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