HDFC-Standard Life applies for life insurance licence
HDFC-Standard Life applied for Life Insurance licence with the IRDA, taking the total number of companies that have applied for licences to four. HDFC had formed a joint venture with Canada's Standard Life to enter the life insurance sector some time back.

BankAm plans redesign of branches to boost revenue
Thought branch banking was dead? Not so fast. With the flood of ATMs and a focus on Internet access, many banks have shuttered branches. But a few big banks believe these outposts offer an untapped revenue opportunity.

Japan seals Nippon Credit Bank sale
Japan went ahead with a deal to sell a failed big bank to a group headed by Internet investor Softbank after about a month's delay, leaving taxpayers with a bill of nearly three trillion yen ($28 billion).


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  New York Life, Max India to file papers with IRDA
  Government probing under-invoicing of tuberculosis drug intermediates
  Executive briefing
  Bundesbank chief hints at ECB rate hike
  Yen upbeat on better economic signals
  Market round-up
  ECGC likely to tie up with French agency COFACE
  Briefing
  Passengers to pay up for soaring airline fuel costs