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Govt
likely to cut agricultural loans rates
Aurangabad: The Centre is planning to further reduce
the interest rates on agriculture loans, Finance Minister
Jaswant Singh said today.
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Insurers
may have to top up capital: IRDA
Kolkata: The Insurance Regulatory and Development
Authority (IRDA) is of the view that insurance companies
in India may operate on increased capital bases, of which
only 26 per cent can be currently held by foreign insurers.
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NICLeyes
Rs 200-cr income from bancassurance
Bangalore: National Insurance Company Ltd has targeted
a premium income of Rs 200 crore this year from its bancassurance
arrangements.
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Royal
Sundaram opens branch at Kochi
Kochi: Royal Sundaram, the Chennai-based private
general insurer, has opened its new branch in Kochi in
line with its expansion plans aimed at providing easy
access for its growing customer and agency base.
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Karnataka
Bank to sell Bajaj Allianz products
Chennai: Karnataka Bank will sell Bajaj Allianz
General Insurance Company's products following an agreement
signed here today.
Addressing
newspersons after finalising the agreement, Mr Ananthakrishna,
Chairman of Karnataka Bank, said that the tie-up is in
line with the bank's "wish to be a financial supermarket
providing all financial solutions to its clientele."
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SIB-Lifeline
launched
The Thrissur-based South Indian Bank Ltd, as part of its
Platinum Jubilee celebrations, has launched SIB-Lifeline,
a financial scheme for medical treatment.
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Prudential
depositors for early bank revival
Hyderabad: The depositors' association of the scam
hit Prudential Co-op Bank, has appealed to the Government,
the Reserve Bank of India and the bank management to ensure
early sanction of the Rs 300 crore revival plan, which
could help provide some relief to the `financially crippled
depositors'.
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Forex
reserves cross $97 billion
Mumbai: India's foreign exchange reserves surged
by over $1 billion to cross the $97 billion mark for the
week ended December 5.
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