Claiming 300 per cent growth in business in the current fiscal in Punjab, Bajaj Allianz Life Assurance will open at least eight more branches in the state.


Allianz claims 300% growth

Business Standard

Krishak Bharati Cooperative Ltd (Kribhco), major producer of fertilisers in the cooperative sector, has selected Bajaj Allianz General Insurance to offer insurance cover to their customers. 


Kribhco selects Bajaj Allianz to provide insurance to farmers

The Indian Banks Association has held talks with the Reserve Bank of India (RBI) for dematerialisation of fixed deposits (FDs). If the concept gets the green signal, then the practice of issuing

Paperless FDs on the cards

Industrial Development Bank of India Ltd (IDBI) expects to recruit 700 officers in the next few months. 


IDBI plans to recruit 700 officers

Banks find high level of non-performing assets (NPAs) a deterrent in following the governments diktat to increase lending to small and medium enterprises (SMEs).


NPAs stymie credit to SMEs

Banks and financial institutions (FIs) expect Finance Minister P Chidambaram to announce incentives to boost infrastructure funding in the Union budget to be presented on Tuesday. Banks also expect

Banks, institutions see sops for infrastructure funding

Banks and housing finance companies have begun using the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (Sarfaesi Act) to force home loan

Sarfaesi comes in handy to recover dud home loans

National Thermal Power Corporation (NTPC) on Thursday raised $300 million through a 10-year bond issue. This was the first 10-year issue from India since the Asian financial crisis and sets an

NTPC raises $300 million via 10-yr bond

The bank is also mulling a mega Tier 2 bond issue in June-July 2006 to support credit growth. As part of its global expansion plans, the State Bank of India (SBI) is targeting a $100 million

SBI lines up $100 million foreign buys

HSBC today sold 7.19 per cent stake in UTI Bank for Rs 638 crore, bringing down its holding in the private bank to 4.99 per cent. By doing this, the British bank has adhered to the Reserve Bank of

HSBC sells UTI Bank`s 7.19% stake for Rs 638 cr

PSBs will also not entertain demands for information on competitive position of third parties.


Banks clam up on sensitive info under RTI

Liquidity crunch makes loan disbursements slow for steel projects.


Banks wary of fresh exposures

The Indian Bank is in talks with the Life Insurance Corporation of India to develop a low cost insurance product for the rural masses.


Indian bank in talks with LIC to launch rural insurance

The Central Board of Trustees of the Employees Provident Fund Organisation (EPFO) has allowed the fund to use its investment portfolio for trading purposes and also permitted the fund to invest in

EPFO receives approval to trade in private bank bonds

Global rating agency, Standard &amp; Poors today said sovereign governments in Asia Pacific, including in India, are expected to continue their reforms programs in 2006, thereby improving their

S&P upbeat on Asia Pacific govts

Rating agency Fitch Ratings today said 2006 would see securitisation volumes decline as the market restructures and adapts to the new set of guidelines issued by the Reserve Bank of India (RBI) in

Securitisation volumes seen falling

Global consultancy major KPMG has been roped in as consultant for foray the new business.


LIC to decide on credit card foray soon

IDBI Limited said the bank has already zeroed in on the foreign player to be its partner in the proposed life insurance venture.


IDBI eyes foreign ally for risk foray

Press Trust of India

Punjab National Bank in Punjab(South) Zone disbursed Retail Loans to the tune of&nbsp;Rs.486&nbsp; crore up to February 15, 2005 during the current year registering a growth of 81 per cent under

PNB loans see upward trend

Continuing with the process of amalgamating regional rural banks (RRBs), seven RRBs, sponsored by the Bank of Baroda, have been merged to form Baroda Eastern UP Rural Bank.


Seven regional rural banks merged with BoB

The Federal Court of Australia in its ruling has said ICICI Bank that financed Lanco Group for acquisition of Griffin Coal cannot be dragged into the legal dispute that Perdaman Chemicals & Fertilisers has with the Indian infrastructure company over coal supply issue.

Australian court refuses Perdaman's request to sue ICICI Bank

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