Union Bank to raise up to Rs 1,500 cr through Tier I, II capital bonds
Union Bank of India will be raising up to Rs 1,500 crore through Tier I and Tier II bonds in the current financial year. The Public Sector Bank announced this in…
PSU banks, infra stocks to gain most once RBI cuts rates
Defensive sectors like FMCG and pharmaceuticals were in the limelight in 2012, with several stocks in these sectors moving up sharply. The FMCG Index was up 47% and the BSE…
Consumer court rules against New India Assurance
When the vehicle was stolen at night, he immediately lodged a police complaint. When they could not find the bike, he claimed insurance. The company assured him that it would…
Religare Health Insurance in talks with government to provide health schemes
Religare Health Insurance is in talks with the central and state governments to provide services in government-sponsored health schemes. The move is aimed at helping people below poverty line.
Beware of frauds, dont let your insurance premium cheque be misused
He was polite, helpful and knowledgeable, and Delhi-based Anita Sinha had no reason to suspect the bank representative who came to pick the premium cheques for her insurance policies. "He…
RBI buys Rs 7,912 cr of G-Secs
As part of its programme to infuse liquidity, the Reserve Bank of India bought Rs 7,912 crore of government securities through open market operations (OMOs) against a target of Rs…
RBI-Finance Ministry panel likely on new bank licences: Sources
With the Parliament having approved the Banking Laws Amendment Bill 2011, the work on issuing new bank licenses is expected to pick up pace with the formation of a RBI…
Edelweiss to get investor for mortgage unit
Edelweiss Financial Services (EFS) is likely to bring a strategic minority stake (26%) investor into its subsidiary Edelweiss Housing Finance (EHF) after a year. The investor could be an overseas player…
Man Fakes Wife’s Death to Loot her Insurance Money, Arrested
A man was arrested in Mangalore for looting his wife’s insurance amount of Rs 5 lac after creating her fake death certificate. The arrested has been identified as Shivaram Shenoy,…
Insurer Aviva sells US life insurance unit
British insurer Aviva Plc has agreed to sell its US life insurance business for $1.8 billion (€1.4 billion) to Bermuda-based peer Athene Holding, it announced in a statement recently.