Category: News

Latest news in India about finance, banking and insurance

Canara HSBC Oriental Bank of Commerce Life Insurance Plans Expansion

HSBC InvestDirect currently has a strong network of 77 branches which will help Canara HSBC Oriental Bank of Commerce Life Insurance Company reach out to more than 1.3 lakh customers with need-based life insurance solutions. This is in addition to the existing customer base of 48 million of the three distribution partners – Canara Bank, HSBC and Oriental Bank of Commerce and 4.6 million customers of two Regional Rural Banks (RRBs) – Pragathi Gramin Bank and Shreyas Gramin Bank.

Savings Schemes of Post Offices

Small Savings Schemes constitute a risk free investment as they carry an implict sovereign guarantee. The Schemes are designed keeping in view the needs of different segments of investors. The schemes enjoy a number of incentives like zero risk, regular income tax concession, easy accessibility, liquidity etc. All Post Office Savings Schemes are available for both rural as well as urban people.