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High-yield
bonds for US-64 punters, may be tradeable
New Delhi: The government has decided to offer two
types of bonds, including an 8 per cent taxable paper,
to US-64 investors who do not want to encash units when
they come up for redemption in May 2003. Those who want
cash will receive Rs 12 per unit for up to 5,000 units.
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LIC
to withdraw three schemes by March
Coimbatore: Facing strain in continuing with high
assured return schemes in a falling interest rate regime,
LIC plans to withdraw at least three schemes — New
Jeevan Shree, Bima Nivesh and Bal Vidya — by the
end of the month.
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National
Insurance, Allahabad Bank join hands
New Delhi: Two major public sector players, National
Insurance Company Ltd and Allahabad Bank, signed an agreement
on Saturday for bancassurance in the presence of A.V Adsul,
Union Minister of State for Finance.
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