The Hindu Business Line : Thursday, March 02, 2006

Motor cover premium rates to rise
The Budget 2006-07 is likely to seen an up tick in both general and life insurance premiums as a result of an increase in service tax to 12.5 per cent from 10 per cent. Mr Kartik Jain, Head Marketing and E-Channels, ICICI-Lombard ... More

Insurance premium may rise with service tax hike
Companies to bear the burden of agents' commission More

FOREX

Rupee edges up against $
The rupee edged up against the dollar buoyed by the rise in the domestic stock market and on the back of dollar inflows. The home currency opened at 44.29 and fell during the day to close at 44.37, a ... More

RBI & OTHER CENTRAL BANKS

RBI to allow more banks to import gold
The Reserve Bank of India (RBI) has decided to permit more banks to import gold and ease the eligibility criteria. Inviting applications from banks for permission, the RBI said that it would apply the eligibility criteria liberally while ... More

PRIVATE BANKS

ICICI's new branch at Banjara Hills
ICICI Bank opened a new branch at Road No 12, Banjara Hills, here on Wednesday. In a press release, the bank said the branch would remain open from 8 a.m. to 8 p.m., Monday through Saturday. ICICI Bank ... More

SIB to open more branches
South Indian Bank is in the process of improving its geographical reach by opening branches in the hitherto un-represented pockets. The bank recently established its presence in Madhya Pradesh by ... More

PUBLIC SECTOR BANKS

BoB to expand overseas biz
Bank of Baroda (BOB) wants to increase its share of business from overseas operations to 25 per cent from the current 20 per cent, said Dr A.K. Khandelwal, Chairman and Managing Director. The bank is looking at 30 per cent year-on-year growth ... More

UTI Mutual to enhance international operations
Offices in West Asia, Singapore soon; ties up with Bank of Baroda More

GOVT BONDS

Banks, PDs allowed to short-sell G-secs
Position must be covered the same day More

Bond prices fall
In the bond market, traded volumes were thin and prices fell by 15 paise. Dealers said the bond market was bearish due to uncertainty about whether the Rs 15,000-crore government securities auction ... More

SHORT TERM INSTRUMENTS

Call rate closes 6.5-6.6
The call rate closed at 6.50-6.60 per cent. In the first one-day auction, RBI received no bids in the reverse repo and seven bids for Rs 1,325 crore in the repo. In the second auction, RBI received and ... More

CREDIT CARDS & DEBIT CARDS

MyTVS Club HP Smart1 card launched
More

FIXED DEPOSITS

Big gains for banks from 80C
The banking system had been pleading for the extension of the 80C benefit to fixed deposits placed with scheduled commercial banks. By acceding to the demand, the Finance Minister has helped banks mobilise long term resources. This, in turn, ... More

EVENTS

Canara Bank staff meet at Sri Sathya Sai Nigamagamam
Canara Bank Employees Union is to hold its 22nd national conference at Sri Sathya Sai Nigamagamam here from March 4 to March 7. In a press release here on Wednesday, the union said the All India Trade ... More

MARKETING

Selling life
There are images to tug at your heartstrings — babies with soft, wispy hair clinging to their fathers, children zipping around on cycles gifted by retired grandparents, wives with bright red sindoor and the ... More

The spirit of positive thinking
"Mortality is only the extreme end of the surprises life springs on you." More

PEOPLE

Re-elected AIPSBOF chief
Mr T.R. Bhat, Joint-General Secretary of All-India Bank Officers' Confederation (AIBOC), has been re-elected President of the All-India Private Sector Bank Officers' Federation (AIPSBOF) for a period of ... More

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