The Hindu Business Line : Friday, February 15, 2008

SBI Life to leverage bank network
Hyderabad, Feb. 14 SBI Life is planning to ramp up its operations in the rural and semi-urban areas by better utilisation of State Bank of India (SBI) branch network and increasing the number of agents.“We want to make a ... More

GENERAL INSURANCE
Birla Sun Life into health cover with unit-linked plans
Mumbai, Feb 14 Birla Sun Life Insurance plans to launch a unit-linked health insurance plan by the first quarter of the next financial year. The Life Insurance Corporation of India was the first to launch a unit-linked health insurance policy ... More

Non-life insurers shift to lower-rated East Asian cos
Arrangements expected to be finalised by Feb 15 More

PRIVATE BANKS
IPOs have given us profits: CBoP
New Delhi, Feb. 14 Centurion Bank of Punjab said on Thursday that till date its cumulative investments in initial public offerings (IPOs), including the Reliance Power IPO, have delivered profits.“We invest in IPOs as part of our ... More

Kotak Mahindra Bank offers bouquet of products
Coimbatore, Feb. 14 Kotak Mahindra Bank has unveiled a slew of products from its stable. Among them is one for school fee remittance, which enables schools to pass on the task of fee collection to the bank. “We launched this ... More

CUB to seek equity funding
The City Union Bank (CUB) has announced to the stock exchanges that it would go in for another round of equity funding. The terse announcement does not give any details and officials of the bank have declined comment. However, it may be ... More

INTEREST RATES
United Bank cuts rates on loans
United Bank of India has reduced interest rates on retail loans covering housing, education and personal segments, according to a press release issued by the bank. The highest reduction of 75 basis points has been in United Personal Loan segment, ... More

SHORT TERM INSTRUMENTS
Call rates steady
More

RIGHTS ISSUE
SBI rights issue to open on Monday
New Delhi, Feb. 14 The Rs 16,700-crore rights issue of State Bank of India (SBI) will open on February 18. Official sources said that the rights offering from the country’s largest commercial bank would be open for subscription for a ... More

PEOPLE
State Bank of Indore’s new MD
Mr Pradeep Shankar has taken charge as Managing Director of State Bank of Indore. Prior to the assignment, , he was Chief General Manager at State Bank of Travancore. He is an expert in international banking, credit and foreign exchange, a ... More

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