News Room

Oriental Bank plans life insurance foray

Saturday 24, June, 2006 - Oriental Bank of Commerce (OBC) has proposed to foray into the life insurance sector, possibly by forming a joint venture company. The bank hopes to move ahead in this direction in the next 6-12 month ....

Union Bank targets 25% growth in SME portfolio

Friday 23, June, 2006 - Union Bank of India is targeting a 25 per cent growth in its Small and Medium Enterprises portfolio. The bank hopes to increase its total exposure to the SME sector to 20 per cent from 12.5 per cent ....

SBI Life declares bonus

Friday 23, June, 2006 - SBI Life Insurance has announced nine per cent return on lifelong pensions scheme, a simple annual bonus of five per cent plus the guaranteed return of four per cent per annum for all policies in forc ....

IDBI plans e-auction of Chennai property

Thursday 22, June, 2006 - Cashing in on the spiralling property prices, another bank has put a prime residential property in an upmarket Chennai locality on the block, once again through the online auction route. IDBI propos ....

LIC eyes Rs 1,000 cr premium from new gratuity scheme

Thursday 22, June, 2006 - Life Insurance Corporation of India is eyeing Rs 1,000 crore of new business premium from its newly launched group gratuity scheme called "Gratuity Plus". Mr T.S. Vijayan, Chairman, LIC, said that t ....

Bond yields hit 3-year high

Tuesday 20, June, 2006 - Interest rates are hardening. The yield on the benchmark 10-year Government paper rose by 10-11 basis points on Monday to touch 7.91 per cent, which bond dealers said is the highest in three years. ....

Central Bank seeks nod for capital restructuring

Tuesday 20, June, 2006 - Central Bank of India has sought the Government's approval for its plan to treat a portion of its capital as preference capital, a precursor to a proposal to list its stock on the bourses. Central B ....

Private general insurers grab 34% of market

Tuesday 20, June, 2006 - Private players grew faster to corner more than one-third of the market and push the general insurance industry growth rate to 16.5 per cent in April. The 12 non-life insurers collected Rs 2,703 cro ....

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