MONEY & BANKING
NEW BUSINESS
Life insurance new biz nearly doubles
`Linked' policies most popular
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NBFCS
VBC Finance to join hotel project
VBC Finance & Leasing Ltd will participate in a joint venture/SPV company for implementing a five-star deluxe hotel project at Shilpakalavedika in Madhapur in consortium with My Home Group and EIH Ltd. The hotel will be branded .
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AGRICULTURAL INSTITUTIONS
Nabard concerned over drop in refinance to rural co-ops
`Credit flow to farm sector may get affected'
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Nabard employees to get wage hike
Parity with SBI and RBI staff
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HOUSING FINANCE
Panel for focus on institutional finance for rural housing
`Focussed institutional finance need of the hour'
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CREDIT RATING
ICICI Bank's hybrid tier-I securities rated `BB-'
Standard & Poor's Ratings Services has assigned `BB-' rating to the hybrid Tier-I securities to be issued by ICICI Bank. ICICI Bank has a foreign currency BB+/Positive/B credit rating from Standard & Poor. A press release from Standard &
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RBI & OTHER CENTRAL BANKS
Bankers find ATM licensing irksome
Permission for 2,054 off-site machines given so far, says RBI
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PUBLIC SECTOR BANKS
Vijaya Bank ATM in Mangalore
Vijaya Bank opened its fourth ATM in Mangalore region recently. A bank release said on Monday that Mr G.V.K. Shetty, Head, Mangalore Region, inaugurated an on-site ATM attached to Kankanady branch in Mangalore. The bank has plans ...
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TRADE & LABOUR UNIONS
Employees oppose FDI in insurance
Insurance employees have expressed their opposition to any hike in Foreign Direct Investment in insurance. The President of the All India Insurance Employees Association, Mr N.M. Sundaram, who was here to partake in the four-day ...
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PEOPLE
Succession planning: Still an elusive goal
Govt continues to adopt an ad-hoc approach
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