CBI’s EOW chief P Kandaswamy said the agency has busted a housing loan scandal racket and arrested CEO of LIC Housing, General Managers of Bank of India and Central Bank of India (New Delhi) and CGM of Punjab National Bank. Several other bank officials have also been arrested on bribery charges.
Category: News
Latest news in India about finance, banking and insurance
Free insurance scheme get solid response
The scheme, which covers all Indian workers in the kingdom earning below BD150, is valid until October 31 next year. However, officials now plan to extend the period for the scheme, which covers deaths or injuries.
Clean chit to LIC of India – Transfer of profits case : IRDA
The insurance watchdog earlier said it would launch investigation in to the books of LIC pertaining 2009-10. J Harinarayan IRDA chairman said there is no violation committed by the LIC and it was just an actuarial shortage as to the current actuarial estimates.
LIC saves government’s divestment programme from disaster
Life Insurance Corporation of India (LIC) saved government’s divestment programme from disaster by investing up to 11,000 crore in public sector companies last year. According to the finance ministry statistics, LIC accounts about 43 percent of the Rs 25,000 crore raised by the government from four share issues.
Now, small investors can invest Rs 2 lakh in issues
Cos must seek public comments on DRHP MERCHANT BANKERS TO SUBMIT A COMPLIANCE CERTIFICATE IN RESPECT OF NEWS REPORT IN PRINT OR ELECTRONIC MEDIA
Videocon, Liberty to form insurance JV
Mumbai-based Videocon Industries is set to enter the financial services sector by forming a non-life insurance joint venture with Liberty Mutual Group based in Boston, Massachusetts. Videocon, the flagship of the $5-billion Videocon Group,
Car Insurance – Basics you must know
If you have a car, chances are you have car insurance for it. But how much do you understand about what kind of policy you have and what policy is best for you, given the risks that you want to protect against? Here we share with you basics that you must know if you want to make smart decisions about your car insurance policy.
Reliance Life launches Classic Ulip plan
Anil Ambani Group company Reliance Life Insurance on Wednesday launched a unit-linked insurance plan that will provide policyholders the benefits of regular savings with enhanced protection and market-linked returns.
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Royal Sundaram logs 23% premium growth
Royal Sundaram Alliance Insurance Company Ltd has underwritten Rs 537.68 cr of premium income during the six months period ended September 30, 2010, recording a growth of 23% over the corresponding period Gross Written Premium (GWP) of Rs 438.30 cr in the previous year. The company has also recorded a profit before tax (after pool loss) of Rs 16.75 crore while PAT stood at Rs 10.62 crore.