Business Daily from THE HINDU group of publications
Tuesday, November 03, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, November 03, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING CREDIT MARKET: Rating raises credit flows to small, micro units The credit and performance rating scheme of the Government for micro and small enterprises (MSEs) is beginning to ... GENERAL INSURANCE: IT majors go to ECGC for credit risk insurance cover Fall out of failures in US financial services sector. Bangalore, Nov. 2 A clutch of IT majors, including Wipro, have approached the Export Credit Guarantee Corporation (ECGC) for credit risk ... FINANCIAL MARKETS: Fed out, Govt in again? Continuing job losses, depressed house prices, rising foreclosures, possibility of a crash in commercial real estate — the bad news is not ending for America. Not a happy backdrop for the bimonthly meeting of the Federal Open ... GENERAL INSURANCE: Buy a top-up policy and pay lower premium Mumbai, Nov. 2 You can pay lower premium by buying two health insurance policies instead of one, for the same sum ... PEOPLE: Axis Bank ED resigns Mr Hemant Kaul, Executive Director, Axis Bank, has resigned from his post. He is moving to Bajaj Allianz General Insurance as the company’s MD and CEO. At Axis Bank, Mr Kaul was responsible for the development and expansion of the ... FINANCIAL PERFORMANCE: Bank of Rajasthan net down 49% Bank of Rajasthan’s net profit fell 49 per cent to Rs 17.8 crore in the second quarter of this fiscal, against Rs 34.63 crore in the year-ago period. Net interest income fell 31 per cent to Rs 70.34 crore (Rs 102.36 crore). Other income ... REGULATORY BODIES & RULINGS: IRDA member to retire The Insurance Regulatory and Development Authority member, Mr C.R. Muralidharan, will be laying down office on Tuesday after completing his tenure. Mr Muralidharan joined IRDA in May 2005. Prior to this, he headed the Department of ... LIFE INSURANCE: Max New York Life plans rural expansion To sell tailor-made micro-insurance policies. New Delhi, Nov.2 With market penetration in metros nearing saturation, the next step for the insurance industry is entering the vast semi-urban and rural parts of the ... PRIVATE BANKS: Focus on low-cost deposits, says Karnataka Bank chief The Managing Director of Karnataka Bank, Mr P. Jayarama Bhat, has asked the regional heads of the bank to focus more on credit expansion and mobilisation of low-cost ...
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