LIFE INSURANCE
Unit-linked policies drive LIC(S) growth
Traditionally, the life insurance market has been dominated by endowment and money back policies. More

LIC agents list demands
THIRUVANANTHAPURAM: The first meeting of the working committee of the LIC Agents' Association of India, held in Kolkata on July 10-11, has placed a list of demands before the Centre, according to Mr P.G. Dileep, General Secretary. The ... More

FINANCIAL POLICY
Asset price inflation leaves Greenspan cold
IN a recent testimony to a British Parliamentary Committee, the Bank of England's Governor, Mr Mervyn King, was asked if the housing boom in the UK influenced the Bank's monetary and interest rate policy. His reply was that the Bank did not ... More

PUBLIC SECTOR BANKS
IOB yet to decide on trimming BhOB stake
INDIAN Overseas Bank, which holds 30 per cent in Bharat Overseas Bank, will take a view on offloading part of its stake following the recent RBI stipulation on shareholding by banks. IOB is likely to appoint merchant bankers in order to fix a ... More

CREDIT CARDS & DEBIT CARDS
Multi-utility silver card
Mr Manoj Kohli, President-Mobility, Bharti Tele-Ventures Ltd, and Ms Chanda Kochhar, Executive Director, ICICI Bank, launch the multi-branded credit card in Mumbai on Tuesday. The card, launched along with HPCL, will enable the bank customers to ... More

PEOPLE
Bank of Baroda zonal head
THIRUVANANTHAPURAM: Mr T.V. Lakshminarayanan has taken over as the Head of the South Zone, Bank of Baroda. The South Zone comprises Kerala, Tamil Nadu, Andhra Pradesh and Karnataka, apart from the Union Territory of Pondicherry. There ... More