Govt buys back bonds worth R10,000 crore
The government bought back R10,000-crore worth of the 6.07%, 2014 bonds through reverse auction on Tuesday, R5,000 short of the intended size. The Centre had announced last week that it would buy back seven bonds totaling R15,000 crore. These bonds mature in 2014 and the buyback is aimed at reducing redemption pressure.
Uday Sareen is ING Vysya?s dy chief executive
ING Vysya Bank has picked Uday Sareen as its deputy chief executive for wholesale banking andstrategy. He will report to Shailendra Bhandari, MD and chief executive, and will be incharge of wholesale banking, including financial markets business.
Reliance Life eyes R1,800 cr in new premium
Reliance Life Insurance is targeting R1,800 crore total new business premium in the current financial year, ending this month, and expects to continue a double-digit growth in the next fiscalalong with full-year profitability.
Insurance policies to get online boost
As many as three out of every four insurance policies will be sold online by 2020, says a Google study. The report, jointly done by the Boston Consulting Group, saysinsurance sales from online channels will grow 20-fold by 2020.
