|
Aviva
plans to set up call centre, processing facility
Mumbai: Global insurer Aviva PLC has decided to
establish a call centre and claims processing facility
in India to service its UK-based general insurance business.
Back
to News Review index page
Interest
spread of 36 banks up 16.92 per cent in Q3
Mumbai: Interest spreads of 36 banks increased
by 16.92 per cent to Rs 8,463 crore during October-December
2002 from the level of Rs 7,238 crore during October-December
2001.
Back
to News Review index page
Phdcci
seeks tax Sops for fresh investments
New Delhi: A delegation of PHD Chamber of Commerce
and Industry, led by its president PK Jain, met Union
minister for commerce and industry Arun Jaitley to urge
upon the need for providing favourable tax treatment for
fresh investments in the industry.
Back
to News Review index page
ICICI
may revise rates if war breaks out
Mumbai: The country’s second largest bank,
ICICI Bank, has hinted at a revision of its interest rates
in the event of a war between the US and Iraq. However,
ICICI Bank CEO, KV Kamath said the bank would maintain
its stable to downward bias for interest rates in case
things are normal.
Back
to News Review index page
Irda
for more freedom to intermediaries
New Delhi: Insurance agents would be permitted
to sell multi-insurers’ products in the future. Insurance
Regulatory and Development Authority is currently examining
such a plan and this will be in place in two years time.
Back
to News Review index page
RBI
to subscribe to another Rs 100-cr equity in NHB
Mumbai: The Reserve Bank of India has decided to
subscribe to an additional Rs 100 crore in equity in the
National Housing Bank. With the Government since issuing
a notification to give effect to this decision, the authorised
capital of NHB will stand increased to Rs 450 crore from
Rs 350 crore, according to a RBI news release issued on
Tuesday.
Back
to News Review index page
Fitch
affirms foreign currency ratings at `BB'
New Delhi: International rating agency `Fitch'
has affirmed India's long-term foreign currency and local
currency ratings at `BB' and `BB'+ respectively. The short-term
foreign currency rating is `B'.
Back
to News Review index page
ICICI
Bank cuts interest rates on Feb bonds
Mumbai: In keeping with the lower interest rate
regime, ICICI Bank has cut the rates on the second tranche
of its unsecured redeemable bonds worth Rs 400 crore,
which is open for subscription from February 14.
Back
to News Review index page
|
