public sector banks
Bank of India increases bulk deposit rates
Bank of India has increased the interest rate on bulk deposits of Rs 10 crore and above for one to less than two years maturity to 9 per cent (from 8.75 per cent) with effect from December 27. Read more
Both Finance Ministry and RBI want banks to shed their non-core business
The Finance Ministry’s eagerness to see banks shed their non-core business is not surprising. With Basel III norms kicking in from January 1, 2013, banks will need to not merely conserve their capital base, but beef it up to meet the additional requirements laid down under Basel III. That’s a tough call even for private sector banks. Read more
IndiaFirst Life Insurance completes three years; Total Assets Under Management at Rs. 3,000 crore
IndiaFirst was awarded the ISO 9001:2008 certification within 7 months of operations. The company’s belief in the  power of thinking new and always keeping customers as first priority has earned the company a number of  recognitions and awards during its journey towards completing 3 glorious years. IndiaFirst has been awarded with  Company of the Year Award – Life Insurance at The Indian Insurance Awards, 2012. It has also won the prestigious  Celent Model Insurer Award (Asia), 2012 and the CIO 100 Award (India Edition), 2011. Read more