Dakshina Kannada banks register Rs 7,238-cr business
Bangalore: The 331 branches of all the banks operating in the Dakshina Kannada district of Karnataka have registered a total business of over Rs 7,238 crore as of December 2002. Total deposits of the banks stood at Rs 4,963.46 crore and advances at Rs 2,274.66 crore.
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Panel for immediate freeing of own-damage segment — Motor insurance tariffs in for changes
New Delhi: The free market forces are set to win a battle of a different kind with yet another tariff bastion - the motor insurance business - likely to crumble under its impact. In its draft report on detariffing on motor insurance, the Justice T N C Rangarajan Committee has said that in an era of liberalisation market there appears no alternative but to remove tariffs from the own-damage (OD) segment of the business with immediate effect.
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Royal Sundaram opens new branch
Chennai: Royal Sundaram, the Chennai-based private general insurer has announced the launch of its second city branch in Nungambakkam in Chennai city on Friday. The company has proposed to launch more branches across Tamil Nadu.
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Syndicate Bank projects credit outlay of Rs 951 cr
Kochi: Under the primary sector, crop loans aggregate Rs 113.87 crore. Under term loans, minor irrigation, land development, farm mechanisation, plantation and horticulture and allied activities have been given priority.
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Lok Adalats to deal with Andhra Bank NPAs
Hyderabad: Following the request of Andhra Bank, the City Legal Services Authority, City Civil Court, has constituted four benches of Lok Adalat on Saturday exclusively to take up Andhra Bank matters of Hyderabad zone.
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