APN News

  • Wednesday, July, 2020| Today's Market | Current Time: 08:58:54
  • Prudential Corporation Asia Selects Datanomic for Client Screening

    Cambridge :  Prudential Corporation Asia, the Asia business unit of Prudential plc, has selected Datanomic’s dn:Director for Sanctions & PEP Screening to automate its client screening in line with stringent anti-money laundering regulations, and an internal drive for compliance efficiency by creating a centralised policy of best practice compliance across the organisation. Prudential Corporation Asia […]

    MFIs rethink IPO plans in view of upheavals in the sector; state govt urge centre to intervene

    Worried over recent upheavals in the microfinance sector on account of high interest rates small lenders charge and their strong-arm loan recovery tactics, many players have put on hold their plans to raise funds through the capital market. Hyderabad-based Share Microfin, which was planning to hit the Dalal Street by fiscal end, has put on […]

    Insurance policies to be available at post offices

    Post offices can now distribute insurance products with IRDA, allowing each circle of the Department of Post (DOP) to act as a corporate agent of insurers. “Each Circle of India post should be treated a separate unit in order to grant independent corporate agent licence with various insurers,” insurance regulator IRDA said while granting permission […]

    ADB, WB assesses Pak flood damage at 9.7 bn

    The floods, that swept across Pakistan since July, has caused an estimated USD 9.7 billion damage to infrastructure, farms, homes, as well as other direct and indirect losses, the Asian Development Bank (ADB) and the World Bank (WB) have said. The estimate was presented in the Damage and Needs Assessment (DNA), a survey conducted nationwide […]

    The BMB Group Confirms Its Offer to Acquire Kerzner International Holdings Limited

    London :The BMB Group (“BMB”) confirms that it has issued an unsolicited letter of interest to acquire Kerzner International Holdings for US$3.4 billion cash following speculation over the future of Kerzner International and its debt restructuring. BMB believes that the hospitality and real estate assets within Kerzner International have significant potential particularly in Asia. BMB […]

    Asia Microfinance Forum 2010 Attracts 450 Experts from 50 Countries

    Mumbai : The third Asia Microfinance Forum was inaugurated today in Sri Lanka with around 450 practitioners, policymakers, investors, academics and advocates from over 50 countries gathering in Colombo to deliberate on the central role of microfinance in achieving greater financial inclusion in Asia. Held from 12 to 15 October 2010, this event builds on […]

    A.M. Best Assigns Ratings to Investors Trust Assurance SPC

    Cayman Islands  :  Investors Trust Assurance SPC (“ITA”) has announced that A.M. Best Co. has assigned it a financial strength rating of B++ (Good) and issuer credit rating of “bbb+” with the assigned outlook being stable. According to A.M. Best, the ratings of ITA consider its profitable operations and strong risk-based capitalization measures. ITA has […]

    FM meets financial regulators to work out framework for FSDC

    Finance Minister Pranab Mukherjee met financial sector regulators, including RBI Governor D Subbarao and SEBI chairman C B Bhave, to work out a framework for the Financial Stability and Development Council (FSDC), a body which will deal with inter-regulatory issues. “They (Finance Ministry) have asked for reaction from all the regulators which we have given […]

    Vijaya Bank to Offer MoneyGram International Services

    Bengaluru: MoneyGram International, a leader in the global money transfer industry and Vijaya Bank announced today that the companies have signed a deal in which Vijaya Bank will offer MoneyGram’s money transfer services in 1173 of its branch locations. Vijaya Bank is signed under the Super Agent relationship of Thomas Cook, India Limited and UAE Exchange. […]

    Assocham calls for 50-100 new pvt banking licences

    Taking all stakeholders by surprise, industry body Assocham on Friday suggested that the Reserve Bank issue between 50-100 new private bank licences in the current round of allowing new entrants. “At least 50-100 licences should be given so that an explosion of competitive spirit happens, like it did with the insurance sector,” President of the […]