Eight govt banks to get new CMDs this year

The government has shortlisted candidates for top posts in eight public sector banks to replace the current chairmen and managing directors who retire this current financial year.Union Bank of......

Star Union Dai-ichi projects 36% growth

Star Union Dai-ichi Life Insurance Co, a joint venture between Bank of India, Union Bank of India and Japan's Dai-ichi Mutual Life Insurance Company, expects to break even within five years of......

Insurers wait yet another year for FDI increase

The year 2009 saw insurance firms waiting for easing of foreign direct investment norms, just as they have done every year for the last five years, but there is promise of the law being amended to......

IAG pays SBI Rs 500 cr premium for non-life JV

Insurance Australia Group will pay Rs 542 crore (Rs 5.42 billion) for a 26 per cent stake in its general insurance venture, SBI General Insurance Co. The amount includes around Rs 500 crore (Rs 5......