Financial Daily from THE HINDU group of publications
Monday, August 11, 2003
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Financial Daily from THE HINDU group of publications Monday, August 11, 2003 |
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MONEY & BANKING FINANCIAL SERVICES Insurance brokers' body headed for split? Earlier this year, the IRDA managed to ward off a potential split in the association, by asking that a parallel body, the `Licensed Insurance Brokers' Association', be merged with the Mumbai-based IBAI. More INFORMATION TECHNOLOGY IOB sets up second ATM INDIAN Overseas Bank has set up its second ATM centre in Thiruvananthapuram city. The Chairman and Managing Director, Mr S.C. Gupta, formally opened the centre at a function held here on Sunday. The bank has 114 branches and 10 extension ... More LIFE INSURANCE HDFC Standard Life to focus on group insurance HDFC Standard Life Insurance plans to double new business premium to Rs 275 crore this year, from Rs 132 crore last year, according to Mr Paresh Parnasis, General Manager - Distribution. The company, which achieved a sum assured of Rs 5,000 ... More PUBLIC SECTOR BANKS INTEREST RATES Banks to review housing loan plans CUT-THROAT competition in the housing finance sector is forcing many banks, particularly those in the public sector, to review their retail strategies. In their frenzy to capture larger market share, banks have been trying to outdo each other ... More GOVT BONDS A scary ride in the US bond market Spate of strong data combined with scheduled large Treasury note auctions in the first week of August shook the market. The rise in long-term yields prompted `convexity' related selling from mortgage players. More
FIIs, importers active; market undertone weak CREDIT CARDS & DEBIT CARDS 
LIC fine-tuning credit card forayLIFE Insurance Corporation of India has put multinational players on notice by committing itself to steer clear of the `rogue' interest regime in its proposed credit cards venture and thus retain its `down to earth' image and "instantaneous ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus The Cable tangle Pakistan Diary Indo-Pak Monitor Indo-China Relations Telecom Competition In Depth In Kashmir Simple Economics Slowburn Tax Talk NRIs & Investment Avenues Corporate Governance Looking back Aug. 3-Aug. 9 Dollar impact, RBI mop-up take forex reserves up $803 m Dept of Posts eyes rural life insurance market IRDA ruling on `special discounts' — Insurance brokers, an unhappy lot Banks get ready to trade on CCIL's forex platform Disinvestment in general insurance cos next year Farmers are good credit-risk, but... Major pick-up in crop loans unlikely: Bankers CCIL sees Rs 1.35-cr volume on first day of FX-Clear trade |
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