Page 1400 - Finance News

AllBank to merge its six rural banks in UP

Max New York Life posts profit under US GAAP

HDFC likely to float Rs 2000 crore bonds

Centre proposes 74% FDI in ARCs

MSS to continue next fiscal

Dena Bank chalking out new Gujarat strategy

BoB gets nod for second float

ING Vysya raises paid-up capital

NHB cranks up target for disbursements by 75%

Provident fund trustees are forced to buy suspect bonds

PNB to adopt 4-pronged restructuring strategy

Is your insurer making losses? Don`t be alarmed

INSURANCE

PNB plans EGG-shaped virtual bank

Pension plan tax benefit may be doubled to Rs 20000

Health insurers capital limit may be cut to Rs 25 cr

State general insurers to get free hand on wages

Customers Bancorp to buy Religare stake

The promoters are selling the shares as part of their 22% divestment to qualify REL to setup NOFHC as per RBI guidelines for licencing of new banks

TMB set to go public

Appoints SBI Caps as advisor, awaits Madras High Court's nod for the IPO

Firms can use ECB funds to import expertise, services

The central bank, however, set some conditions---the service provider and the borrowing company must have a specific pact

Secure info systems, RBI tells banks

RBI has also asked the banks to put in place appropriate business continuity plans (BCPs)