VBC Fin plans insurance foray
Vizag: The board of directors of VBC Finance & Leasing Ltd, part of the Visakhapatnam-based VBC group, has decided to discontinue the existing business of finance and leasing.
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Syndicate Bank slashes home loan rates
Hyderabad: Syndicate Bank has announced a slash in interest rates ranging from 25 basis points to 100 basis points under various tenures
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Corporate debt revamp poses problems for insurance cos
Bangalore: The corporate debt restructuring (CDR) initiated by the financial institutions (FIs) has created new problems for the general insurance companies, especially those in the public sector. Sources here said that the CDR provisions relating to reduction in interest rates would impact all their income flows from investments.
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UBI to issue bonds to raise Rs 400 crore
Mumbai: Union Bank of India (UBI), which whittled down the Government's stake to 61 per cent through an initial public offering last year, is planning to issue bonds worth Rs 400 crore to beef up its tier-II capital.
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IFC keen to invest more in core sector projects
New Delhi: The International Finance Corporation (IFC) has highlighted its persistent focus on India and said that it seeks to venture into new sectors of the economy to strengthen the competitive quotient of the domestic industry.
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Hudco bonds get triple A rating
New Delhi: Housing and Urban Development Corporation Ltd (HUDCO) has been accorded a Triple A (SO) rating by Fitch India, for its tax-free and taxable bonds issue which signifies highest safety with regard to timely timely payment of principal and interest.
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