Insurance, banks and more: Money briefs
- IPL spot-fixing: Chennai Super Kings owner's kin under police scanner
- BJP tears into UPA govt on 4th anniversary, says it lacks leadership
- Jessica Lal murder: Actor Shayan Munshi, ballistic expert Manocha to face perjury trial
- India seeks access from US to 26/11 terror convicts Headley, Rana
- BSE Sensex falls 49 pts, Larsen & Toubro Limited shares hit by Q4 data
National Insurance Company may soon hike mediclaim premium rates
Kolkata: State-run National Insurance Company (NIC) may soon increase the cost of health insurance premium to offset losses, company sources said. The hike could be between 20 and 40 per cent for NIC health products, sources in the city-headquartered firm added. Meanwhile, speaking on the sidelines of an interactive session of Indian Chamber of Commerce here NIC Chairman and Managing Director NSR Chandraprasad said, "We expect to get the IRDA approval on health insurance tariff in a month's time."
HDFC Bank says not much pressure on asset quality
MUMBAI: HDFC Bank is not seeing much pressure on asset quality, although there may be an uptick in bad loans for some products, Executive Director Paresh Sukthankar said on Friday. The bank is also seeing "renewed, intensified competition" from several banks on retail loan products, he added. Earlier, HDFC Bank, India's No.3 lender, met forecasts with a 30 percent rise in quarterly profit on Friday, led by higher loan growth, better fee income and stable asset quality.
Gold prices at 1-month low; importers active
MUMBAI: Gold prices fell further on Friday to stay near their lowest level in a month, weighed by a stronger rupee amid flat overseas markets, prompting importers to stock up the yellow metal for the wedding season. Silver also declined. The wedding season started this week and will continue until May. Festivals also take place during this period. The most-active gold for February delivery on the Multi Commodity Exchange (MCX) hit a low of Rs 30,610 per 10 grams, a level last seen on December 20. The contract was trading 0.36 per cent lower at Rs 30,646 at 0817 GMT.
Government to sell Rs 100 bn of T-bills on January 23
New delhi: The government will sell Rs 100 billion ($1.9 billion) of treasury bills, including Rs 50 billion of the 91-day T-bills and Rs 50 billion of 364-day T-bills, on January 23, the Reserve Bank of India said on Friday.
- Fixing probe now reaches Bollywood, son of Dara Singh held
- BCCI cashes Pune Warriors guarantee, 'disgusted' Sahara walks out of IPL
- Sreesanth spent Rs 1.95L on clothes, bought friend BlackBerry, paid in cash: Police
- Delhi firm with MoD as client is linked to Pak cyberattacks
- After Infosys, iGATE sacks Phaneesh Murthy for sexual misconduct
- 2 weeks after harassment, Haryana schoolgirls return, cops in tow