INDIAN NEWS & TIMES

Sunday, March 26, 2017

Central Bank of India organized All India Rajbhasha Seminar at Panaji for its Hindi Officers. The Seminar was inaugurated by the Hon’ble Governor of Goa Mrs Mridula Sinha. Speaking on the occasion she said that she is extremely happy to note that Central Bank of India has organized All India Rajbhasha Seminar at Panaji and in these seminar officers from all over India participated. On this occasion all zones of [...]

Categories: Finance

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises and AXA, one of the world’s largest insurance companies, has launched a new term plan with ‘return on premium’ on maturity, Bharti AXA Life Income Protection Plan. This is a Non-Linked and Non-Participating plan which ensures that the family of the deceased policyholder receives income through annual instalments for a select period. The plan also returns up [...]

Categories: Finance

The CNBC-TV18 ‘India Business Leader Awards’ are considered a prestigious benchmark when it comes to recognizing the best leaders in India’s business ecosystem. The awards aim at acknowledging those leaders who have made a stellar difference in their respective spheres, creating, that much desired edge above their peers. This most recognized awards property is back with its 12th edition, to felicitate the visionaries who have led India’s glorious journey from [...]

Categories: Finance

“The GST plan is well on time and July 1 looks realistic ! The timely approval of the Bills by the Cabinet ensures that the industry would have reasonable time to peruse the details of the law impacting them. As a corollary, the assesses will be bette r prepared for implementation. It is hoped that all the State Assemblies clear SGST on time as well”. Abhishek Rastogi, Partner, Khaitan & [...]

Categories: Finance

BNP Paribas Asset Management India Pvt Ltd (Indian arm of BNP Paribas Investment Partners) today announced the launch of BNP Paribas Balanced Fund.  The open-ended fund, aimed at investors seeking long-term wealth creation through a combination of equity, arbitrage and debt asset classes, will be available for subscription on 17 March 2017.  It would have exposure ranging from 30-60% in equity and equity-related instruments, 5-10% in equity arbitrage and 30-60% [...]

Categories: Finance

Future Generali India Life Insurance Company Limited (FGILI) today announced the launch of yet another product in its portfolio of simple to understand and easy to buy products – Future Generali Big Income Multiplier Plan.It is a simple, non-linked, non-participating plan with guaranteed returns which increase over the payout period. In this product, one can start investing with a minimum premium of Rs 18,000 annually or Rs. 1,500 per month [...]

Categories: Finance

Kotak Mahindra Asset Management Company. Ltd(KMAMC) in partnership with Optimum Fintech announced the launch ofits “Go Digital” initiative to empower distributorsto build their own website / mobile app. ‘Go Digital’ is an open architecture platform that aims to assist distributors in building their own website / mobile app. The distributor website will have capabilities like back office software, scheme factsheet, initiate transaction facility for all AMCs, fund recommendation and e-locker [...]

Categories: Finance

PNB MetLife, one of India’s leading life insurance company is accelerating its digital and insurtech journey through innovation to engage prospects and customers across  the value chain. As part of this strategy, PNB MetLife has introduced “Dr. Jeevan”, Life Insurance industry’s first AI powered interactive chatbot solution on Facebook Messenger platform. Dr. Jeevan will help users know their health quotient, educate them on India’s top two critical illnesses -Cancer and [...]

Categories: Finance

The Bank now offers interest of 3.05 % for USD Deposit of  5 Years, 1.84 % for GBP Deposit of  5 Years, 1.14 % for EURO Deposit of  5 Years, 2.49 % for CANADIAN DOLLAR Deposit of 5 Years  & 3.62 % for  AUSTRALIAN  DOLLAR Deposit of  5 Years. These rates are revised based on the rates announced by FEDAI on 28/02/2017 & is valid till  31/03/2017.

Categories: Finance

Union Bank of India changes interest rates on FCNR (B) Term Deposits Union Bank of India has revised the interest rates applicable to FCNR (B) Deposits w.e.f. 1st March 2017. The revised rates w.e.f. 1st March 2017 for various periods of maturity

Categories: Finance

Leading standalone health insurer, Apollo Munich Health Insurance is expanding its footprint across the country with its latest bancassurance tie up with state-owned Dena Bank, to distribute customized health insurance and personal accident policies to the bank’s 20 million customers nationwide. Apollo Munich Health Insurance has developed specialized health insurance solutions with distinctive benefits and an uncomplicated application process, exclusively for Dena Bank customers. The health insurance policies will be [...]

Categories: Finance

HDFC Life, one of India’s leading private life insurance companies, today announced the launch of an exclusive data-led group term insurance plan in partnership with ET Money, the Times Internet backed financial services app. This is India’s first term insurance plan based on the spend pattern of the users. Offered as an ET Money benefit, the group term life insurance plan can be availed exclusively by 1millionusers of the ET [...]

Categories: Finance

New Ramp Green Technologies, a veteran in processing services, has launched a new cross-border payment wallet platform, named “PAYZA”, which allows customers to transact globally by avoiding all hassles involved in international or cross-border transactions including that of documentations. PAYZA is an e-wallet which incorporates domestic as well as international transaction platforms together for seamless transfer/payment usability, giving access in192 countries and currently supports 23 various recognized currencies across the [...]

Categories: Finance

HDFC ERGO General Insurance Company, India’s third largest non-life insurance provider in the private sector, has entered into an agreement with RIVIGO, India’s leading logistics solutions provider, to provide Real-time Policy Issuance and Rapid Claims Settlement (RCS) for Marine Insurance policies for RIVIGO’s customers. Through this tie-up, the aim is to ensure the efficiency in policy issuance and delivery process as well as cut down on physical processes in claim [...]

Categories: Finance

Shri P Ramana Murthy has taken over the charge of Executive Director of Central Bank of India, one of the largest Nationalised Banks of the country. He was previously working with Allahabad Bank as General Manager. Shri P Ramana Murthy holds degree in B.Sc (Ag), CAIIB (Part. I). He started his career as Agril. Field Officer in Allahabad Bank in the year 1989. He has more than twenty seven years [...]

Categories: Finance

BLS International Services Limited (BLS), a specialist provider for Outsourcing of Visa, Passport and Attestation Services to the Client Governments across the world today declared its financial results for the third quarter and nine months ended December 31, 2016. The company reported Net Profit of Rs. 16.67 crore for Q3FY17, up by 30.34%, as compared to Rs. 12.79 crore in the corresponding quarter of last fiscal. Total Income for the [...]

Categories: Finance

Imarticus Learning is proud to offer a Prodegree in Wealth and Investment Management in collaboration with Motilal Oswal AMC. The 200-hour industry project driven online program will help aspirants’ jumpstart their career in wealth management, investment advisory, and relationship management. The program has been designed and will be delivered in conjunction with Motilal Oswal AMC, an industry leader in asset management and advisory services with an Equity Assets under management [...]

Categories: Finance

Rural Electrification Corporation Limited (REC), a Navratna Public Sector Company has declared its financial results for the quarter and nine months ended 31 December 2016 as approved by its Board of Directors in the meeting held on 14 February 2017. Total Income of the Company for the nine months ended 31 December 2016 has increased to Rs. 18,117 crores as against corresponding nine months ended 31 December 2015 of Rs. [...]

Categories: Finance

Bank of Baroda, the leading PSU Bank spread across 26 countries and present at all leading Money Centres, has been always leading in various initiatives to serve the customers better. With the sole aim of customer convenience and better customer service, Bank of Baroda Inaugurated new premises of its International Business Branch at Kandivali West, Mumbai. The International Business Branches of the Bank caters to Forex related services to Individual as [...]

Categories: Finance

BUSINESS : The Bank’s Total Business stood at INR9,39,819 crore as at December 31, 2016 down from INR 9,73,959 crore as at December  31, 2015 on account of planned and structured rundown of assets and liabilities. Total Deposits stood at INR5,89,859 crore as at December 31, 2016 as against INR 5,89,687crore as at December 31, 2015. Corresponding figures for Average Deposits (based on daily averages) were INR5,72,946 crore and INR 5,87,116crore. [...]

Categories: Finance