Banking

The next time you buy a householder's insurance policy, you could be paying premiums that are 35 to 50 per cent lower. [visit website]

The latest news from India's most respected business daily.Business StandardThe Insurance Regulatory Development Authority (Irda) is planning to issue a notice to Life Insurance Corporation of India (LIC) to stop the latter from allowing policy-holders to nominate "strangers" (those who are not close relatives) and religious institutions as beneficiaries of life policy claims. [visit website]

IndyMac Bancorp became the second-biggest federally insured financial company to be seized by U S regulators after a run by depositors left the California mortgage lender short on cash. [visit website]

The latest news from India's most respected business daily.Business StandardThe next time you buy a householder's insurance policy, you could be paying premiums that are 35 to 50 per cent lower. [visit website]

To hold on to stakes in ITC, Larsen & Toubro. ??The Special Undertaking of UTI (SUUTI) is set to sell around 17 per cent out of its 27.11 per cent stake in Axis Bank through block deals on the stock market, but will hold on to its stake in L&T and ITC, owing to concerns expressed by the two companies. [visit website]

The latest news from India's most respected business daily.Business StandardIndyMac Bancorp became the second-biggest federally insured financial company to be seized by U S regulators after a run by depositors left the California mortgage lender short on cash. [visit website]

The latest news from India's most respected business daily.Business StandardTo hold on to stakes in ITC, Larsen & Toubro. ??The Special Undertaking of UTI (SUUTI) is set to sell around 17 per cent out of its 27.11 per cent stake in Axis Bank through block deals on the stock market, but will hold on to its stake in L&T and ITC, owing to concerns expressed by the two companies. [visit website]

Contrary to the government's earlier assertions, state-owned banks will take a hit of almost Rs 11,000 crore, or nearly 15 per cent of the revised countrywide loan waiver package of Rs 71,600 crore. [visit website]

The latest news from India's most respected business daily.Business StandardJapanese financial services major Nomura group signed a non-binding memorandum of understanding (MoU) with Life Insurance Corporation last week to explore possibilities of expanding ties. [visit website]

Setting the stage for an increase in lending rates across the board, the State Bank of India (SBI) today increased its prime lending rate by 50 basis points to 12.75 per cent, making both corporate as well as retail loans ? auto, home and personal ? more expensive. [visit website]

The latest news from India's most respected business daily.Business StandardContrary to the government's earlier assertions, state-owned banks will take a hit of almost Rs 11,000 crore, or nearly 15 per cent of the revised countrywide loan waiver package of Rs 71,600 crore. [visit website]

Banks look set to increase lending rates with the Reserve Bank of India today unveiling a two-pronged "painful" correction process to tame inflation. [visit website]

The latest news from India's most respected business daily.Business StandardSetting the stage for an increase in lending rates across the board, the State Bank of India (SBI) today increased its prime lending rate by 50 basis points to 12.75 per cent, making both corporate as well as retail loans ? auto, home and personal ? more expensive. [visit website]

Reserve Bank of India (RBI) governor Y V Reddy breathed some life into a nervous financial system that was expecting immediate monetary measures from the central bank by saying managing inflation need not mean sacrificing growth. [visit website]

The latest news from India's most respected business daily.Business StandardBanks look set to increase lending rates with the Reserve Bank of India today unveiling a two-pronged "painful" correction process to tame inflation. [visit website]

Sahara India Financial Corporation today got a fresh lease of life, with the Reserve Bank of India (RBI) allowing it to accept fresh deposits that mature in three years. [visit website]

The latest news from India's most respected business daily.Business StandardReserve Bank of India (RBI) governor Y V Reddy breathed some life into a nervous financial system that was expecting immediate monetary measures from the central bank by saying managing inflation need not mean sacrificing growth. [visit website]

Repo rate hiked 25 basis points to 8 per cent. ??Banks may soon raise lending as well as deposit rates with the Reserve Bank of India increasing repo rate, or the rate at which it lends to banks, by 25 basis points to 8 per cent. [visit website]

The latest news from India's most respected business daily.Business StandardSahara India Financial Corporation today got a fresh lease of life, with the Reserve Bank of India (RBI) allowing it to accept fresh deposits that mature in three years. [visit website]

The latest news from India's most respected business daily.Business StandardRepo rate hiked 25 basis points to 8 per cent. ??Banks may soon raise lending as well as deposit rates with the Reserve Bank of India increasing repo rate, or the rate at which it lends to banks, by 25 basis points to 8 per cent. [visit website]

The latest news from India's most respected business daily.Business StandardRepo rate hiked 25 basis points to 8 per cent. ??Banks may soon raise lending as well as deposit rates with the Reserve Bank of India increasing repo rate, or the rate at which it lends to banks, by 25 basis points to 8 per cent. [visit website]

The latest news from India's most respected business daily.Business StandardRepo rate hiked 25 basis points to 8 per cent. ??Banks may soon raise lending as well as deposit rates with the Reserve Bank of India increasing repo rate, or the rate at which it lends to banks, by 25 basis points to 8 per cent. [visit website]

The latest news from India's most respected business daily.Business StandardRepo rate hiked 25 basis points to 8 per cent. ??Banks may soon raise lending as well as deposit rates with the Reserve Bank of India increasing repo rate, or the rate at which it lends to banks, by 25 basis points to 8 per cent. [visit website]

The latest news from India's most respected business daily.Business StandardRepo rate hiked 25 basis points to 8 per cent. ??Banks may soon raise lending as well as deposit rates with the Reserve Bank of India increasing repo rate, or the rate at which it lends to banks, by 25 basis points to 8 per cent. [visit website]

The latest news from India's most respected business daily.Business StandardRepo rate hiked 25 basis points to 8 per cent. ??Banks may soon raise lending as well as deposit rates with the Reserve Bank of India increasing repo rate, or the rate at which it lends to banks, by 25 basis points to 8 per cent. [visit website]

The latest news from India's most respected business daily.Business StandardRepo rate hiked 25 basis points to 8 per cent. ??Banks may soon raise lending as well as deposit rates with the Reserve Bank of India increasing repo rate, or the rate at which it lends to banks, by 25 basis points to 8 per cent. [visit website]

The latest news from India's most respected business daily.Business StandardRepo rate hiked 25 basis points to 8 per cent. ??Banks may soon raise lending as well as deposit rates with the Reserve Bank of India increasing repo rate, or the rate at which it lends to banks, by 25 basis points to 8 per cent. [visit website]

The latest news from India's most respected business daily.Business StandardRepo rate hiked 25 basis points to 8 per cent. ??Banks may soon raise lending as well as deposit rates with the Reserve Bank of India increasing repo rate, or the rate at which it lends to banks, by 25 basis points to 8 per cent. [visit website]

The latest news from India's most respected business daily.Business StandardRepo rate hiked 25 basis points to 8 per cent. ??Banks may soon raise lending as well as deposit rates with the Reserve Bank of India increasing repo rate, or the rate at which it lends to banks, by 25 basis points to 8 per cent. [visit website]

The latest news from India's most respected business daily.Business StandardRepo rate hiked 25 basis points to 8 per cent.??Banks may soon raise lending as well as deposit rates with the Reserve Bank of India increasing repo rate, or the rate at which it lends to banks, by 25 basis points to 8 per cent. [visit website]

India's first MF scheme ends its 43-year journey. ??Sharjah-based marketing executive Vijay Raghavan has sent the 264 bonds he got in lieu of the Unit Scheme 64 certificates he held since 1990 to the Special Undertaking of UTI. [visit website]

The latest news from India's most respected business daily.Business StandardIt is business as usual for Sahara India Financial Corporation, which has managed to get a quick reprieve from the Allahabad High Court against the Reserve Bank of India's directive banning it from accepting public deposits. [visit website]