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Royal
Sundaram alliance offers homeshield classic
Chennai: The Chennai-based Royal Sundaram Alliance
Insurance Company Ltd on Tuesday announced the launch
of Homeshield Classic - its new comprehensive insurance
package for home contents.
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AIBEA against PSBs marketing pvt sector
insurance products
Kolkata: The All India Bank Employees’ Association
is strongly opposing the public sector banks’ indulgence
in the marketing of insurance products of private insurance
companies.
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Bank
Of India to unveil international debit card
Mumbai: The Bank of India is all set to launch its
debit card on April 30, on the eve of the inauguration
of its new head-office at Bandra-Kurla Complex in Mumbai,
by RBI governor Bimal Jalan.
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Dharna
over clearing house today
Kochi: The action council constituted against the
shifting of SBI clearing house from Kochi to Ernakulam
has decided to hold a dharna before the SBI, Calvathy
Branch, on Wednesday.
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Karnataka
Bank offers resident f/c account
Mangalore: The Mangalore-based private sector Karnataka
Bank has introduced a new `resident foreign currency (domestic)
account' in the wake of the Reserve Bank of India (RBI)
permitting residents to maintain foreign currency accounts.
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IFCI
ratings downgraded to junk status
Mumbai: Rating agency, CARE, has downgraded Industrial
Finance Corporation of India's (IFCI) long-term and medium-term
debt ratings to junk status. While the agency has retained
the `CARE BB' rating on the fixed deposit programme of
the financial institution, it has reduced its preference
share issue to default status (CARE D).
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IRDA
may be armed with adjudication powers
New Delhi: The Insurance Regulatory and Development
Authority (IRDA) could soon be armed with powers of adjudication
to enable it to directly intervene in disputes and enforce
its penal powers.
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