Category: News

Latest news in India about finance, banking and insurance

CBI arrests LIC Hsg CEO, PSB officials

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.

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.

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.