Page 28 - Somasroy Chakraborty

FDI in insurance may attract $400-800 million foreign investments

The key issues faced by the non-life insurers include claims outpacing the premium pool, intense competition and rise in operating expenses

Corporation Bank begins probe into overdraft to Robert Vadra's firm

According to bankers, an overdraft facility is typically unsecured in nature but is seldom offered to companies that do not have any existing credit line with the bank

No exit age in health covers to increase insurers' loss ratio

New norms set to upset insurance firms' apple cart, players want premium raised to cap losses

Expecting credit card spends to rise in festive season: Shyamal Saxena

Retail banking head, Standard Chartered Bank in India and South Asia, says credit quality of retail loans has remained stable

Corporation Bank begins probe into overdraft to Robert Vadra's firm

According to bankers, an overdraft facility is typically unsecured in nature but is seldom offered to companies that do not have any existing credit line with the bank

Time to buy public sector bank shares: Edelweiss

It recommends its clients to 'buy' shares of SBI, Bank of Baroda and Union Bank of India

BNP Paribas, Srei invest Rs 200 cr in Srei Equipment Finance

The capital infusion will increase the net worth of the company to over Rs 1,660 cr

Magma HDI General aims Rs 100 crore premium income by Mar, 2013

HDI to up stake in JV if government allows 49% FDI in insurance

IndusInd Bank shines on fee income growth

The bank reported 30% yoy rise in its July-September net profit primarily on account of strong growth in fee income

HDFC Bank shares gain on strong earnings expectations

Analysts predict 52nd consecutive quarter of 30% profit growth

Analysts positive on SKS as clarity emerges on capital availability

Firm seems to have restored investors' confidence, shares have gone up by more than 50% since July

TTK Prestige's margins seen under stress

Likely to see a dip due to rise in fixed costs, depreciation and interest expenses

BS People: Nitin Jain

Badminton fan hired by UBS

Pvt banks step up efforts to increase account transactions

Offer freebies on cash deposits, rewards for using debit cards

IndusInd Bank Q2 net profit up 30%

The bank¿s advances increased 30.8%, while its deposits grew 24.5 per cent y-o-y

Fee income drives IndusInd Bank's Q2 earnings

Net profit rises by 30%, fee income up 40%

Long-term fixed income products gain popularity among Indian HNIs

HNIs can park their money now and earn high interest before rates start easing

Corporation Bank probes into overdraft to Vadra's firm

The branch had given an overdraft of Rs 7.94 crore to Sky Light, which at that time had a paid-up capital of Rs 1 lakh only

IndusInd shares weak ahead of earnings announcement

Q2 net profit likely to rise by over 20%

Alok Kumar to head Swiss Re Shared Services India

To succeed Paula Patel, who has been heading the company since May 2007