Bajaj Allianz unveils housing loan cover for jobless
Mumbai: An insurance cover that pays your housing loan instalments when you lose your job. This is the latest product to be introduced into the market by Bajaj Allianz General Insurance.
The product is essentially a cover that protects the mortgage in the event of death or disability with an extension to cover unemployment. The policy also has fire and burglary insurance cover bundled in along with mortgage protection.
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SBI to share technology platform with arms
Mumbai: State Bank of India (SBI) has drawn up ambitious plans to exploit synergies with its seven associate banks. The first step towards leveraging the group strength has already been taken with the decision to have a common technology platform for SBI and all its associate banks.
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Sabre Cap completes due diligence on Centurion
Mumbai: Rana Talwar's Sabre Capital Worldwide has completed its due diligence exercise on Centurion Bank. Sabre Capital has teamed up with a CDC fund and Chrysalis Capital to launch a formal bid for Centurion Bank.

Sabre Capital is expected to place its offer proposal to the bank by mid- January. According to sources, if things go according to plans, the Centurion board would take up Sabre's proposal before the end of January.
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SBI raises sanctioning power of circle office
Mumbai: In a bid to speed up the credit flow to the commercial sector, State Bank of India (SBI) has hiked the sanctioning power of its circle office from Rs 30 crore to Rs 50 crore with effect from January 1, '03.
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PNB introduces video-conferencing to connect offices
New Delhi: In a bid to achieve quick decision-making and increase productivity, Punjab National Bank introduced video conferencing to connect the head office and regional offices
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HDFC Bank Floats Resident Forex Deposit Scheme
Mumbai: HDFC Bank has announced on Thursday the launch of a resident foreign currency account, which will enable resident Indians to open and operate foreign currency accounts.
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