Nabard
puts insurance foray on back-burner
Mumbai: The state-run National Bank for Agriculture
and Rural Development has put its foray into the insurance
sector on the back burner
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Tata
AIG targets selling over 2.5 lakh life policies in 03
Mumbai: Tata AIG, which sold around one lakh life
insurance policies during 2002-03, is aiming to sell over
2.50 lakh policies during the current year.
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ING
Vysya launches three new products
Mumbai: ING Vysya Life Insurance on Thursday launched
three new endowment products viz. Powering Life limited
payment endowment plan, Creating Life child protection
plan and Reassuring Life endowment plan with reversionary
bonus.
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ICICI
Bank to open offices in Singapore, China in a month
New Delhi: ICICI Bank is all set to launch its first
off-shore branch in Singapore and another representative
office at Shanghai, China, in a months time.
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Crisil
reaffirms Infosys ratings
Mumbai: Notwithstanding Infosys Technologies lower-than-expected
earnings and the slide on the stockmarkets, rating agency
Crisil has reaffirmed the ratings assigned to the company's
long-term and commercial paper programmes, which stand
rated at AAA and and P1plus, respectively
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IIBI
to look for synergies with banks
Mumbai: Industrail Investment Bank of India Ltd (IIBI)
is likely to hold dialogue with commercial banks for synergising
its expertise in developmental finance with other types
of retail banking.
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BoI
raises FCNR deposit rates
Mumbai: Bank of India has marginally increased the
rates of interest on foreign currency non-resident (FCNR)
deposits in US dollar, British pound and Euro with maturity
above two years. Back
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Ministry
to meet DRT officers on April 19
New Delhi: The Ministry of Finance has proposed to
convene a meeting of the presiding officers (POs) of the
Debt Recovery Tribunals (DRTs) on April 19 at New Delhi
to review their functioning.
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Note-banding
machine from Advanced Elec
Hyderabad: Advanced Electronic Systems, a Hyderabad-based
manufacturer of electronic control and automation equipment,
has announced its entry into the area of currency equipment
for banking sector by introducing what it claims are new-generation
banding machines with embedded control system
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