A recent press report said that most of the insured were dissatisfied with the settlement of claims of medical insurance. This has made the health insurers to re – look their model of settling the claims. Earlier the Health insurers would outsource their claim settlements to Third Party Administrators (TPAs) in order to save costs… Read More »
A recent press report said that the net profit of Tuticorin based Tamil Nadu Mercantile Bank for the second quarter ended September of this fiscal year has been dropped by 1.5 per cent to Rs. 64.74 crore compared to the corresponding period last year. The bank’s board has determined to pay an interim dividend of… Read More »
The city Co- operative bank is one of the well known banks having almost 8 branches in Mumbai and 2 branches in Thane District. In addition to banking for conveniences of its customers the Bank is also providing insurance and other services. Its loan portfolio includes housing loan, personal loans, educational loans, business loans, mortgage… Read More »
The city Co- operative bank is one of the well known banks having almost 8 branches in Mumbai and 2 branches in Thane District. In addition to banking for conveniences of its customers the Bank is also providing insurance and other services. Its loan portfolio includes housing loan, personal loans, educational loans, business loans, mortgage… Read More »
The city Co- operative bank is one of the well known banks having almost 8 branches in Mumbai and 2 branches in Thane District. In addition to banking for conveniences of its customers the Bank is also providing insurance and other services. Its loan portfolio includes housing loan, personal loans, educational loans, business loans, mortgage… Read More »
According to a recent press report, Government is likely to allow banks’ to raise long term resources for infrastructure financing through issue of development bonds. The Department of Industrial Policy and Promotion (DIPP) in a discussion paper said that banks would be permitted to raise long term resources through issuance of development bonds, for the… Read More »
A recent press report said that Reliance Life Insurance has announced that Mr. Takeshi Furuichi has been inducted as non – executive director and Nipoon Life nominee on the board of the company. Mr. Takeshi Furuichi who is 57 years old is the Representative Director, Senior Managing Executive Officer and Chief Investment Officer of Nippon… Read More »
A recent press report said that the failure of the majority of the banks to detect the counterfeit notes is currently creating threat of counterfeit currency. The Reserve Bank of India said that it would take urgent steps in order to sensitize those within the system on the issue. In his statement Dr. D. Subbarao,… Read More »
A recent press report said that there are many opportunities for young talented folks would be created in the banks in next 3 to 5 years as many senior managers would be retired. It is estimated that nearly half of the senior managers would be retired in the next 3 to 5 years and this… Read More »
A recent press report said that Indian Overseas Bank has posted a net profit Rs. 207. 46 crore for the second quarter ended September 30, 2011. The net profit has increased by only 0.64 per cent compared to the corresponding quarter last year which was Rs. 206.15 crore. The bank reported a total income of… Read More »