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Union
Bank to tie up with New India Assurance |
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The Mumbai-based Union Bank
of India has decided to enter into an alliance with the state-run
general insurance giant, New India Assurance for distributing
non-life insurance products to its retail customers. |
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PNB,
Vijaya Bank to seek RBI nod for insurance foray |
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Punjab National Bank and Vijaya
Bank are scouting for a fourth partner for insurance ventures
with the Swiss insurer Zurich and will shortly submit a fresh
application to the Reserve Bank of India. |
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IFCI
mobilises Rs 1,370 crore via private placements till Dec |
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Despite the difficult phase,
IFCI has mopped up about Rs 1,370 crore through private placements
of debt during April-December, 2001 while planning to raise
more funds through fixed deposit schemes during the fourth quarter. |
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Strike
hits banking operations |
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Banking services through out
the country on Friday were affected during a day-long strike
by employees against alleged forcible transfers in Standard
Chartered Bank, leading to hold up in bank clearance worth more
than Rs 400 crore. |
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