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GIC
Housing Fin in alliance talks with GIC arms for insurance |
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GIC Housing Finance is holding
talks with four former insurance subsidiaries of General Insurance
Corporation to enter into a tie-up for launching housing insurance
products. |
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RBI
averts crisis at Krushi bank |
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With the timely intervention
of the regulatory authorities, the possible crisis has been
averted in the Hyderabad-based Krushi Urban Cooperative Bank,
where the depositors demanded pre-closure of deposits under
presumption that the promoters had runaway. |
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Bank
staff union to publicise loan defaulters’ names by Sept |
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The All India Bank Employees
Association is planning to make public a list of willful defaulters
of bank loans within the next couple of weeks. |
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Bank
of Japan further eases credit policy |
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The Bank of Japan surprised
financial markets on Tuesday by loosening its already ultra-easy
credit policy in a bid to pull Japan from the edge of recession
and soften the pain of the prime minister’s pledged reforms.
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