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Finance
Ministry plans single insurance law
New Delhi: The enacting making of single insurance
law has taken a major step forward with the Ministry of
Finance concurring with the Law Commission on the need
to club the two major existing insurance laws - the Insurance
Act, 1938 and the Insurance Regulatory and Development
Authority Act, 1999, into a single legislation.
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Andhra
Bank, UTI Bank to share ATMs
Hyderabad: Andhra Bank has entered into an agreement
with UTI Bank for sharing their automated teller machines
spread across the country. The arrangement would be operational
from Monday.
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Govt
likely to supersede Lloyds board
New Delhi: Government is believed to have decided
to place its own directors, including representatives
of fixed deposit investors' forum, on the board of Mumbai-based
Lloyds Finance after the company's repeated failure to
repay dues of its fixed deposit holders.
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