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Bharat bandh likely to hit transport, bank services on Wednesday

Ten trade unions to go on strike to protest against changes in labour laws, but government expects minimal impact The 10 unions claim that they have a combined membership of 15 crore workers.......

SBI to divest up to 10% stake in its life insurance venture

State Bank of India on Tuesday said it plans to divest up to 10 per cent stake in its life insurance arm SBI Life. "The executive committee of the central board on Tuesday authorised divestment of......

Australian insurer IAG to raise stake in SBI General to 49%

Within days of Parliament clearing the Insurance Bill, Insurance Australia Group  has decided to increase its stake in State Bank of India's general insurance arm from 26 per cent to 49 per......

Guaranteed plans will give lower returns than FDs, debt

Last month, two life insurance companies launched plans that offered guaranteed savings and income -- SBI Life Insurance's Smart Guaranteed Savings Plan and Max Life Insurance's Guaranteed Income......

Insurance cos join hands with Visa cards for

Visa and 20 insurance companies in India have joinedhands to make paying life and general insurance premiums "faster and easier" through a range of new payment options for Visa cardholders.......

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......
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BNP Paribas Cardif to increase stake in SBI Life Insurance

IBR Staff Writer Published 13 October 2015 French bank BNP Paribas insurance subsidiary BNP Paribas Cardif is reportedly planning to expand... ...
Company FDs look good, but do be careful

Though company FDs offer higher interest rates than bank deposits, they carry more risks as well iStockPhoto While borrowers are rejoicing as... ...
The big bond reform

To start with, the RBI cutting rates won't automatically bring down interest rates for everyone. So finally it's done: the RBI cut rates. With... ...
Savers in tight spot

Mumbai/New Delhi, Sept. 29: Savers beware, the ground is about to be cut from under your feet. RBI governor Raghuram Rajan today said the... ...
Corporation Bank to raise Rs 857 crore issuing pref shares to govt

State lender Corporation Bank today approved issuance of over 15.66 crore shares on preferential basis to government valued at about Rs 857 crore.... ...

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