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Jaswant
clears 49 pc FDI in insurance
New Delhi: The insurance FDI cap hike is on. The Ministry
of Finance would soon be approaching the Union Cabinet
with a proposal to hike the limit from the current 26
per cent to 49 per cent.
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PSBs
may not bite buyback bait
Mumbai: The sources said some of the banks that have
high-coupon securities have indicated that they would
prefer selling them to insurance companies. This was because
insurance companies, especially LIC, are prepared to offer
a pricing equivalent to the yie ld to maturity.
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FIs
give `credit' to Bollywood
Mumbai: Despite last year's spate of flops in Bollywood,
the few financial institutions and banks that funded film
production managed to recover their money.
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