The Hindu Business Line : Monday, January 16, 2006

PSBs not to hike home loan rates for now
PUBLIC sector banks appear to be in no hurry to hike home loan rates, despite the leader in housing loan market, HDFC, recently stating that it might raise its lending rates. PSU banks, which collectively command a huge share of the home loan ... More

LIFE INSURANCE

Chandy launches family insurance policy
THIRUVANANTHAPURAM: The Chief Minister, Mr Oommen Chandy, will formally launch a comprehensive family insurance scheme for the State's poor at a function here on Monday. Both health and accident covers are being provided to the ... More

Birla Sun Life launches `Simple Life'
Birla Sun Life Insurance has launched `Simple Life', an equity-linked insurance scheme. The product, which is designed for the mass market, aims to simplify procedures. The minimum annual payment towards premium is Rs 10,000 and the maximum is Rs ... More

GENERAL INSURANCE

PSU insurers clear Rs 614-cr of Mumbai flood claims
THE four public sector general insurance companies have disbursed Rs 614.17 crore in settlement of claims filed for the damage to properties, including motor vehicles, caused by the unprecedented rains that lashed Mumbai and other parts of ... More

FINANCIAL MARKETS

`Derivatives segment growing fast'
DERIVATIVES are the fastest growing segment in the treasury space, though its growth remains hampered due to the absence of big players like PSUs, Mr Partho Mukherjee, Head of Treasury, UTI Bank, said. He told the 2006 edition of Indian ... More

DEBT MARKET

US-Iran stand-off, credit demand impact liquidity
BONDS remained dull throughout last week as traders were nervous over developments in West Asia. International oil prices are already at $64 a barrel and there are fears that the events in West Asia could impact the country's balance of ... More

PUBLIC SECTOR BANKS

BoB to roll out CBS in 125 branches this year
BANK of Baroda (BoB) is in the process of bringing 1,979 branches under the CBS (Core banking Solution) platform by 2009. Of these, the CBS roll out is likely to take place in 125 branches in 2006. Mr. J.K. Chandar, General Manager, said ... More

Andhra Bank upbeat on growth prospects
ANDHRA Bank is bullish on the emerging credit off-take opportunities in the areas of corporate finance, infrastructure, aviation, retailing, housing, education and agriculture and allied areas. Aimed at warding off the drying up treasury ... More

FIXED DEPOSITS

IMD funds from Gulf may move into mutual funds
Senior bank officials indicated that in the days following the redemption of the IMD, NRIs have been seeking banks' advice on suitable investment options. More

REGULATORY BODIES & RULINGS

IRDA slashes entry fee for surveyors
FOLLOWING representations from a large section of insurance surveyors, the Insurance Regulatory and Development Authority (IRDA) has decided to reduce the entry fee and annual subscription amounts. Earlier, the IRDA and the Indian Institute of ... More

PUBLIC OFFER

Bank of Baroda: Invest at Rs 230
INVESTMENTS in the public offer of Bank of Baroda can be considered at the higher end of the price band. The stock is under-valued relative to its fundamental strengths. The valuation reflects the bank's poor ... More

Andhra Bank: Avoid
AN INVESTMENT in the public offer of Andhra Bank can be avoided. The offer is priced stiffly and the downside risks are high. An entry into the stock can be considered when the valuation is more attractive. Andhra ... More

CO-OPERATIVES

Bengal State Co-op Bank too will fund Kribhco-Shyam's acquisition project
WEST Bengal State Co-operative Bank Ltd will be one of the financiers for Kribhco-Shyam Telecom joint venture's acquisition of Oswal Chemicals and Fertilisers Ltd's (OCFL) urea plant. Out of the Rs 1,900-crore acquisition, the Bengal-based ... More

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