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Insurance
agents to seek redressal on commission
New Delhi: General insurance agents have approached
the Insurance Regulatory and Development Authority (IRDA)
seeking its intervention in ensuring public sector insurance
companies paid them their full commission.
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Birla
Sun lowers rates on high-value term policies
Mumbai: Birla Sun Life Insurance has upped the
ante in the ongoing rate war in the term insurance business.
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Allahabad
Bank mulls expansion in Kerala
Kochi: Allahabad Bank plans to expand its operations
in Kerala, adding five more branches in various districts
of the State soon.
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Corpn
Bank opens 2 more ATMs
Mangalore: As part of its endeavour to connect
the entire country with an automated teller machine (ATM)
network, the Mangalore-based Corporation Bank recently
opened two more ATMs here.
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Banks
moving into PSU papers
Mumbai: Bonds yields continued their downward spiral
for the third consecutive week bolstered by foreign currency
reserves and weakening inflation. Traders said that some
of the key concerns of the markets had now abated.
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Andhra
Bank cuts FCNR, domestic deposit rates
Hyderabad: Andhra Bank has slashed interest rates
on deposits under foreign currency non-resident (FCNR)
scheme for the US dollar, UK pound and Euro currency.
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GTB
slaps notices on defaulters for recovering Rs 100 crore
New Delhi: Taking advantage of the re-promulgated
Securitisation Ordinance, Global Trust Bank has slapped
notices on 25 defaulters for recovering around Rs 100
crore from them and is evaluating the prospects for distributing
insurance products and mutual funds.
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