Commercial banks in Kerala are wallowing in the dark in dealing with demand for education loans even as the ‘busy season’ approaches. For instance, norms are still not clear in the case of loans for nursing courses, says the background note for a review meeting of the State-Level bankers’ Committee (SLBC) held here on Friday. [...]
Archive for the ‘General Information’ Category
Posted in 
Orissa govt plans a new state-specific SEZ policy
Posted by admin on September 19th, 2010
In a bid to widen its investment horizon and attract more investors in sectors like information technology, biotechnology, electronics, automobiles and auto component manufacturing, ship building, gems and jewellery and pharmaceuticals, the Orissa government has drawn up a plan to come out with a state specific Special Economic Zone (SEZ) Policy. “Orissa has witnessed a [...]
Now NRIs can take & pay insurance premium here
Posted by admin on September 19th, 2010
Non-resident Indians (NRIs) can take a rupee currency insurance policy in India. All individual schemes marketed by insurance companies in India are available to a NRI holding an Indian passport. Foreign nationals of Indian origin can also take insurance policies during their stay in India. However, presently, joint life plans having a term insurance element [...]
No third-party payment for mutual fund investments
Posted by admin on September 19th, 2010
Next time you are investing in mutual funds, make sure you issue a cheque from your own bank account, as fund houses will soon start rejecting third-party payments. The move is part of efforts to check fraudulent activities by mutual fund agents and distributors, some of whom have been found to be collecting cheques from [...]
Pvt insurers requires radical changes to survive: E&Y
Posted by admin on September 19th, 2010
The life insurance industry is on the cusp of a radical change, and if it wants to survive the new regulatory onslaught and turn profitable, it has to not only turn its present business model upside down but also think innovatively, says consultancy major Ernst & Young. Since this change is necessitated by regulator Irda, [...]
SEBI introduces biometric cards & stringent norms for MF distributors
Posted by admin on September 19th, 2010
Market regulator SEBI has ushered in a major overhaul of the way mutual funds are sold with the introduction of biometric cards and stringent licencing norms for distributors to weed out agents indulging in frauds. Following directions from SEBI, mutual fund industry body AMFI has asked all fund houses in the country to comply with [...]
