In an effort to create awareness on the importance of life insurance and financial planning among the people of Kerala, Aviva Life Insurance has joined hands with IndusInd Bank to launch a social responsibility initiative.

Aviva joins hands with IndusInd Bank

Business Standard

&nbsp;Plants should source equipment, services from the US. 
&nbsp;Export-Import Bank of the United States (EX-IM Bank) is open to funding Indian nuclear power projects that will source equipment and services from the US.

US Ex-Im eyes nuclear power project funding

German investment bank SachsenFonds (SF) has bought stake in four realty projects of London Stock Exchange listed, India-focussed realty fund Trikona Trinity Capital for Rs 607 crore ($150 million).

German bank invests Rs 607 cr in Trikona projects

The Committee on Distribution Channels, constituted by the Insurance Regulatory and Development Authority (Irda), has recommended that banks should not have referral arrangements with more than one life insurer and a non-life insurer.

Irda panel moots changes in distribution set-up

The finance ministry is awaiting the law ministry&#39;s approval on the proposed merger of State Bank of Saurashtra (SBS) with State Bank of India (SBI), Financial Services Secretary Arun Ramanathan said on Tuesday.

Law ministry nod for SBI-SBS merger awaited

In line with its thrust on establishing added rural presence, ICICI Prudential Life Insurance will expand its presence in interior Kerala this year.

ICICI Pru to ramp up rural presence

Heavy dollar buying by foreign banks on behalf of their custodian clients in the non-deliverable forward market (NDF) along with continued dollar demand from oil companies led the spot rupee to breach 42 and reach a 13-month low of 42.2150 on Tuesday.

FII profit-booking leads to Re fall

State Bank of India (SBI) has roped in Insurance Australia Group (IAG) to form a joint venture (JV) company to enter the general insurance business in India.

SBI ropes in IAG for non-life foray

Punjab National Bank said today that it would keep the lending rates and deposit rates unchanged for the time being.

PNB not to change lending and deposit rates

Punjab National Bank today said it is confident of achieving the targeted 20 per cent growth in net profit for 2007-08.

PNB eyes 20% growth in net profit for FY08

Press Trust of India

The government today said the process of converging Indian Accounting Standards (IAS) with global standard, International Financial Reporting Standards (IFRS), will continue to help India Inc tap international markets with reduced cost of compliance.

Govt examining accounting standards

The rupee fell to the lowest level since April 2007 on speculation that record crude oil prices will widen the nation&#39;s trade and current account deficits, increasing demand for foreign currencies.

Re drops to 13-month low as refiners increase dollar buys

Syndicate Bank, the Manipal-based public sector bank has launched a campaign exclusively aimed at attracting women customers.

Syndicate Bank aims at women depositors

Premium collection rises 13% in March 2008 
Sales of life insurance premiums have seen a slowdown in March, a possible fallout of the volatile stock market.

Insurance growth slows down on volatile mkts

Syndicate Bank today reported a 21 per cent rise in net profit to Rs 126 crore for the fourth quarter ended March 31, 2008, compared with the corresponding period last year.

Syndicate Bank Q4 net up 21% to Rs 126 crore

&nbsp;Begin on a fresh note with SBI man at the helm of card firm. 
&nbsp;Joint venture partners State Bank of India (SBI) and GE Money seem to have set their house in order after a brief period of strain over bad debt and losses at SBI Cards, the country's second largest card company.

SBI, GE Money expand tie-up

The Maharashtra government has taken ICICI Lombard to the National Consumer Redressal Forum, accusing the general insurer of not settling claims related to farmers' accident insurance policy satisfactorily.

Maharashtra govt takes ICICI Lombard to consumer court

Citigroup, the biggest US banks by assets, does not plan to exit its consumer finance business in India.

Citigroup not to exit consumer finance

Riding on writeback of provisioning and higher interest earnings, Punjab National Bank today reported a 128 per cent increase in net profit to Rs 543.76 crore during the fourth quarter of 2007-08, as against Rs 237.71 crore in the corresponding period last year.

PNB Q4 net up 128%

Citigroup on Thursday said it was not exiting the consumer finance business in India, but had decided to reposition its products due to a rise in defaults in recent months.

Citi plans product rejig on rising NPAs

&nbsp;No capital infusion in FY09, says SBI Chairman O P Bhatt.
&nbsp;After reaching an understanding with GE Money to bring troubled SBI Cards back on the track, State Bank of India (SBI) has decided to focus on improving the card company&#39;s asset quality instead of aggressively growing business volumes.

SBI Cards to focus on asset quality

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