HSBC sets up life JV with Canara, OBC

Europe's largest banking group HSBC is entering India's fast-expanding life insurance market, jointly with public sector banks Canara Bank and Oriental Bank of Commerce. Canara Bank will hold a......

'NPA recoveries has helped to reduce credit cost'

'For the first time ever it has come below 1 per cent, at 0.97 per cent.' Photograph: Shailesh Andrade/Reuters Canara Bank will not sacrifice margins for growth and it will be conscious about the......

Life plans: Insurers seek separate exemption limit

The insurance industry wants the government to create a separate tax exemption limit of Rs 50,000 for life insurance premium in the forthcoming Budget to encourage more individuals to buy such......

One-fourth of Indians without pension

About one-fourth of the Indian population is without pension coverage and only 13 per cent of the country's paid employees are under formal pension arrangement, a survey has found. "According to......