7 february 2004
restrictions
on fema transactions lifted
new delhi: the government has decided to remove
a number of restrictions on current account transactions
under the foreign exchange management act to bring down
the transaction cost for citizens and corporates.
moody's
raises forex ratings of indian banks, fis
london: moody's investors service has changed the
outlook for the long-term foreign currency deposit ratings
of a number of indian banks - currently rated ba2 - to
stable from the negative outlook for india.
rbi
eases import bills norms
mumbai: with a view to simplifying and liberalising
the procedure for imports, rbi has raised the prescribed
limits of $10,000 and $25,000 for such direct receipt
of import bills or documents uniformly to $100,000 or
its equivalent.
sbi
life launches sanjeevan supreme plan
mumbai: sbi life insurance has launched sanjeevan
supreme, a product that combines the benefits of limited
premium payment option with money back.
sbi
codifies credit policy
mumbai: in a bid to refine standards of customer
service and transparency, the country's biggest bank,
state bank of india, has codified the principles governing
its lending policy.
6 february 2004
vs
vyas to head rbi agri-credit committee
mumbai: the reserve bank of india (rbi) on thursday
constituted an advisory committee on the flow of credit
to agriculture and related activities from the banking
system.
moody's
revises ratings of indian banks
london: moody's investors service has changed the
outlook for the long-term foreign currency deposit ratings
of a number of indian banks - currently rated ba2 - to
stable from the negative outlook for india.
f-ins
platform for insurance firms
hyderabad: fast forward technologies, a singapore-based
software solutions provider for financial and insurance
sector with a development cum support centre in hyderabad,
has announced the development of a framework termed f-ins
that enables insurance companies and its stakeholders
bring in efficiencies.
icici
pru life's income crosses rs 1,000 crore
bangalore: icici prudential life insurance company's
premium income has crossed rs 1,000 crore for the first
nine-month period of the current financial year.
revised
irda norms for life products
hyderabad: the insurance regulatory and development
authority has come out with revised guidelines pertaining
to the design of life insurance products.
sidbi
approaches world bank for $200-million loan
chennai: the small industries development bank
of india (sidbi) is in talks with the world bank for a
$200-million (about rs 900-crore) soft loan. the loan
will augment the bank's lendable resources and, being
a soft loan, also lower the cost of borrowing.
5 february 2004