SBH plans to raise Rs 900 crore
State Bank of Hyderabad (SBH) will raise Rs 900 crore to meet Basel-II compliance requirements for Accounting Standards 15 (AS15) as well as for the next year's expansion plans. ...Read
Dena may raise Rs 350 cr in FY09
Dena Bank is likely to raise Rs 300-350 crore capital in the next financial year to maintain a 24 per cent credit growth, according to P L Gairola, the chairman and managing director of the bank. ...Read
Govt expenditure, mutual funds may boost liquidity
Liquidity: May ease
Liquidity is likely to improve this week with the end of the outflow towards advance taxes. Banks could easily lend once again as the pressure on them would go off, said ...Read
8 banks may join SBI to fund Jaguar bid
Atleast four public sector banks and four foreign lenders are likely to join the State Bank of India-led consortium to raise $3 billion to fund Tata Motors' foreign acquisitions including the $2 ...Read
Merge PSU insurance firms: AIIEA
Contrary to the bank unions' demands to halt the merger of state-run banks, the All India Insurance Employees' Union (AIIEA) wants the four public sector insurance companies'United India Insurance, ...Read
Life insurers get flexibility in fixing premium
With a view to provide flexibility to insurance companies, the Insurance Regulatory and Development Authority (IRDA) has said that life insurers will be allowed to change the premium quotes from ...Read
Caring for your parents will be rewarded now
HEALTH INSURANCE: Total deduction under Section 80D doubles to Rs 30,000. ...Read
More burden on Ulip holders
INSURANCE: Ulip might get more expensive because of a service tax on asset management companies. ...Read
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