CII favours next generation reforms in insurance sector 
New Delhi: Confederation of Indian Industrys national council wants the government to kickstart the next generation of reforms in the insurance sector by permitting entry of specialist health insurance companies and raising the foreign direct investment limit from 26 per cent to 49 per cent. 
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CCIL mulls guaranteed securities settlement 
New Delhi: The Clearing Corporation of India Ltd is planning to extend guaranteed settlement for all securities transactions to meet the shortage of liquidity, if any. 
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Dividend payment by 22 public sector banks rises 24.18 per cent in 2001-02 
Mumbai: The total dividend payment of 22 public sector banks increased by 24.18 per cent to Rs 1213.92 crore during 2001-02 from the level of Rs 977.56 crore during 2000-01. 
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Housing finance firms to raise Rs 600 crore via MBS 
Mumbai: After the Reserve Bank of India relaxed the investment norms, at least 10 companies including Citibank, CanFin Home, PNB Housing and BoB Housing are planning to raise about Rs 600 crore through mortgage-backed securities. 
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MoF approves ADBs $100 million nomestic debt issue 
New Delhi: The finance ministry has approved a proposal by the Asian Development Bank to raise $100 million from the domestic debt market, a government official said on Tuesday. 
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ICICI Pru raises capital base by Rs 95 crore
New Delhi: ICICI Prudential Life Insurance Company has increased its capital base by Rs 95 crore, taking the total paid-up equity capital to Rs 325 crore. 
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RBI looks at widening repo market base
Mumbai: The Reserve Bank of India is exploring the possibility of widening the base of the repo market including extending it to non-SGL account holders like CSGL account holders, according to 
according to H.R. Khan, CGM, Reserve Bank of India.
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South Indian Bank: Confidence springs from `solid' figures
Kochi: The South Indian Bank Ltd, with a paid-up capital of Rs 35 crore and reserves and surplus of Rs 238 crore, having its registered office in Thrissur, Kerala, will continue to remain an independent entity, according to its Chairman, A. Sethumadhavan. 
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Kelkar meets IBA panel members
Mumbai: Low credit deposit ratio, corporate governance in banks and interest rate scenario were among the issues discussed at the meeting of Dr Vijay Kelkar, Advisor to the Finance Minister, on Monday with Managing Committee members of the Indian Banks Association. 
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Corpn Bank adds one more ATM
Mangalore: Corporation Bank has opened one more automated teller machine here, taking the total number of the bank's ATMs to 220. It plans to set up 500 ATMs across the country by the end of the current fiscal. 
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Eighth bipartite wage settlement - IBA, union talks on Oct 18
Kolkata: The talks would determine the wage structure for five years beginning November 1, 2002, for about 7,57,000 employees working in 27 public sector banks, including officers and other staff. 
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Kapol Co-op's net profit, deposits up
Mumbai: The Mumbai-based Kapol Co-operative Bank will be setting up branches in Surat and Ahmedabad in Gujarat shortly. The bank, which has almost doubled its net profit from Rs 1.29 crore in 2000-01 to Rs 2.18 crore in 2001-02. 
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