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Guidelines
on UTI-II structure this week
New Delhi: The finance ministry will soon come
out with policy guidelines to prevent clash of interest
between UTI-II and mutual funds of its sponsors which
include State Bank of India, Life Insurance Corporation,
Punjab National Bank and Bank of Baroda.
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Hobson's
choice for the Reserve Bank
Mumbai: The Reserve Bank of India (RBI) invites
market players to take a speculative view on rupee-dollar
rates. The relaxations in exchange control regulations
announced by the RBI have been widely interpreted as evidence
of a calibrated move by it, towards full capital account
convertibility.
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LIC
agents suggest plan for expanding network
Kolkata: The agents of Life Insurance Corporation
of India (LIC) have suggested the introduction of the
Senior Agency Scheme for expanding the agent network.
Shyamal Chakraborty, zonal secretary of Life Insurance
Agents' Federation of India (LIAFI), said that the service
of the club-member agents should be actively utilised
for agent network expansion drives.
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Market
not ready for `de-tariffing' motor insurance
Mumbai: The Indian insurance market is not yet
ready for de-tariffing of motor insurance. This is understood
to be the view expressed by the Justice T.N.C Rangarajan
Committee, which held discussions with automobile and
insurance interests here on Sunday.
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T-bills
emerging most popular paper
Mumbai: Expectations are that credit is likely
to accelerate in the coming months as the retail thrust
of the banks translates into greater demand for project
credits. Retail to project credit is currently in a ratio
of 3:1, a reversal from what it was about 5 years ago.
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SBI
`help line' in Coimbatore
Coimbatore: The Coimbatore Module of the State
Bank of India (SBI) is to kick start the `help line' (call
centre) services on Monday.
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