United Bank of India (UBI) is one of the 14 major banks which were nationalised on July 19, 1969. Its predecessor the United Bank of India Ltd., was formed in 1950 with the amalgamation of four banks viz. Comilla Banking Corporation Ltd. (1914), Bengal Central Bank Ltd. (1918), Comilla Union Bank Ltd. (1922) and Hooghly Bank Ltd. (1932) (which were established in the years indicated in brackets after the names). The origin of the Bank thus goes back as far as 1914. As against 174 branches, Rs. 147 crores of deposits and Rs. 112 crores of advances at the time of nationalisation in July, 1969, today the Bank has 1403 branches, over Rs. 37,167 crores of deposits and Rs. 22,641 crores of gross advances as on 31-03-07. Presently the Bank has a three-tier organisational set-up consisting of the Head Office, 28 Regional Offices and 1403 branches.
After nationalisation, the Bank expanded its branch network in a big way and actively participated in the developmental activities, particularly in the rural and semi-urban areas in conformity with the objectives of nationalisation. In recognition of the role played by the Bank, it was designated as Lead Bank in several districts and at present it is the Lead Bank in 30 districts in the States of West Bengal, Assam, Manipur and Tripura. The Bank is also the Convener of the State Level Bankers' Committees (SLBC) for the States of West Bengal and Tripura.
UBI played a significant role in the spread of banking services in different parts of the country, more particularly in Eastern and North-Eastern India. UBI has sponsored 4 Regional Rural Banks (RRB) one each in West Bengal, Assam, Manipur and Tripura. These four RRBs together have over 1000 branches. United Bank of India has contributed 35% of the share capital/ additional capital to all the four RRBs in four different states.In its efforts to provide banking services to the people living in the not easily accessible areas of the Sunderbans in West Bengal, UBI had established two floating mobile branches on motor launches which moved from island to island on different days of the week. The floating mobile branches were discontinued with the opening of full-fledged branches at the centres which were being served by the floating mobile branches. UBI is also known as the 'Tea Bank' because of its age-old association with the financing of tea gardens. It has been the largest lender to the tea industry.
The Bank has three full fledged Overseas Branches one each at Kolkata, New Delhi and Mumbai with fully equipped dealing room and SWIFT terminal . The operations of 500 branches have been computerised either fully or partially and Electronic Fund Transfer System came to be implemented in the Bank's branches at Kolkata, Delhi, Mumbai and Chennai. The Bank has ATMs all over the country and having Cash Tree arrangement with 11 other Banks.

Date Added: Apr 29, 2008 Hits: 0 Rating: 0.00 Votes: 0

National Insurance Company Limited was incorporated in 1906 with its Registered office in Kolkata. Consequent to passing of the General Insurance Business Nationalisation Act in 1972, 21 Foreign and 11 Indian Companies were amalgamated with it and National became a subsidiary of General Insurance Corporation of India (GIC) which is fully owned by the Government of India. After the notification of the General Insurance Business (Nationalisation) Amendment Act, on 7th August 2002, National has been de-linked from its holding company GIC and presently operating as a Government of India undertaking.
National Insurance Company Ltd (NIC) is one of the leading public sector insurance companies of India, carrying out non life insurance business. Headquartered in Kolkata, NIC's network of about 1000 offices, manned by more than 16,000 skilled personnel, is spread over the length and breadth of the country covering remote rural areas, townships and metropolitan cities. NIC's foreign operations are carried out from its branch offices in Nepal and Hong Kong.
Befittingly, the product ranges, of more than 180 policies offered by NIC cater to the diverse insurance requirements of its 10 million policyholders. Innovative and customized policies ensure that even specialized insurance requirements are fully taken care of.
The paid-up share capital of National is Rs.100 crores. Starting off with a premium base of 500 million rupees (50 crores rupees) in 1974, NIC's gross direct premium income has steadily grown to 35236.7 million rupees (3523.67 crores rupees ) in the financial year 2005-2006.
National transacts general insurance business of Fire, Marine and Miscellaneous insurance. The Company offers protection against a wide range of risks to its customers. The Company is privileged to cater its services to almost every sector or industry in the Indian Economy viz.
Banking, Telecom, Aviation, Shipping, Information Technology, Power, Oil & Energy, Agronomy, Plantations, Foreign Trade, Healthcare, Tea, Automobile, Education, Environment, Space Research etc.

Date Added: Apr 29, 2008 Hits: 1 Rating: 0.00 Votes: 0

The inception of Calcutta Stock Exchange emerges from a get together under a "Neem Tree" way back in the 1830s, and from then the Calcutta Stock broking fraternity has come a long way. Though the once famous shelter for Calcutta Stock brokers no longer exists, the roots laid in the last century have dug themselves deep into the city and the region. The North-Eastern region, today plays a crucial role in the country’s capital market, while the Calcutta Stock Exchange has emerged as the second largest bourse in the country. The investors from the Eastern Zone are also at the forefront today.
The origin of stock broking in India goes back to a time, when shares, debentures and bonds representing titles to property were first issued on the condition of transfer from one person to another. The earliest record of dealings in securities in India is the East India Company’s loan securities.
The building at 7, Lyons Range, Calcutta which was constructed in 1928 and has been the office of the Stock Exchange for the last 70 years.
At the time of incorporation in 1908, the Stock Exchange had 150 members. Today the total membership has risen to more than 900, which contains several corporate and institutional members. The number of companies listed on the Exchange is more than 3,500. The Annual turnover of the Exchange in 1997-98 was to the tune of Rs, 1,78,779 crores. The Calcutta Stock Exchange has been granted permanent recognition by the Central Government with effect from April 14, 1980 under the relevant provisions of the Securities Contracts (Regulation) Act, 1956, with a view to render useful service to investors.

Date Added: Apr 29, 2008 Hits: 0 Rating: 0.00 Votes: 0

Fee-FREE Money Transfers & Largest Network
Xoom now has the second-largest pickup network in India. We offer Pickup through our partner Punjab National Bank and other partner locations, Direct to Bank deposit to most banks and Home Delivery.

Date Added: Jul 21, 2007 Hits: 2 Rating: 0.00 Votes: 0

Established by Sir Dorab Tata in 1919, New India is the first fully Indian owned insurance company in India.
New India is a pioneer among the Indian Companies on various fronts, right from insuring the first domestic airlines in 1946 to satellite insurance in 1990. The latest addition to the list of firsts is the insurance of the INSAT-2E.
With a wide range of policies New India has become the largest non-life insurance company not only in India, but also one of the leading insurer in the Afro-Asian region

Date Added: Jul 21, 2007 Hits: 0 Rating: 0.00 Votes: 0

The mission of Derivativesindia.com is to become the Center of Excellence for Derivatives Learning.
The markets are facing unprecedented changes and advancements. For the participants, they represent big challenges on one hand and huge opportunities on the other. It is imperative that market participants keep themselves abreast of the latest developments, new products, regulatory changes, risk management tools and their appropriate use. This site would aid the market participants in this process.
Derivativesindia.Com is backed by a dedicated group of professionals who are active participants and have decades of experience in the markets. The focus would be on practical side of knowledge, and subjects of purely academic and historical interest would be given low priority.
The site is initially starting with "Stock Index Futures" in the Indian Markets covering the product and its use, regulatory framework, accounting and taxation, risk management and latest developments. We would in phases also cover all other exchange traded and OTC derivatives in Stock, Interest Rate, Foreign Exchange and Commodity Markets. Your queries and suggestions are welcome.

Date Added: Aug 29, 2007 Hits: 2 Rating: 0.00 Votes: 0

BillDesk, a property of IndiaIdeas.com Ltd. was conceived in early 2000 to solve the frustrations of most of us when it comes to paying bills. We have created BillDesk to help consumers like us leverage on the potential of electronic medium to better organise and manage our payments, while escaping some of the pitfalls of traditional bill payment services.
At IndiaIdeas we believe that the Internet is a powerful medium that will very soon graduate from being an engaging pastime to an indispensable and ubiquitous home tool, bringing with it, for consumers like us enormous benefits and convenience.

Date Added: Sep 12, 2007 Hits: 2 Rating: 0.00 Votes: 0

Securities Trading Corporation of India Ltd. (STCI) was established by Reserve Bank of India (RBI) in May 1994, jointly with public sector banks and all-India financial institutions with the main objective of fostering the development of an active secondary market for Government securities and bonds issued by Public sector undertakings, FIs, Corporates etc. The Company was incorporated with an authorised and paid up capital of Rs. 500 crore of which RBI contributed 50.18 per cent. RBI later on divested its shares in favour of other shareholders. Presently Bank of India is the major shareholder with 29% followed by State Bank of India and Associates 10.5%, and IDFC 10%. The remaining portion is held by Public Sector Banks and Financial Institutions.

Date Added: Sep 12, 2007 Hits: 0 Rating: 0.00 Votes: 0

CRISIL is India's leading Ratings, Research, Risk and Policy Advisory company.
At the core of CRISIL are its unimpeachable credibility and unmatched analytical rigour.
Leveraging these core strengths CRISIL delivers opinions and solutions that:
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CRISIL supports these through its unique width of products and services: Ratings and risk assessment, Gas & infrastructure advisory, Economic advisory, Integrated research on the economy, industries & companies, Global equity research, Fund services, and Risk management. more »
CRISIL’s majority shareholder is Standard & Poor’s, the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data.

Date Added: Sep 12, 2007 Hits: 1 Rating: 0.00 Votes: 0

Transecute (India) Private Limited is a sister concern of Direct Information Pvt Ltd, an ICANN Accredited domain name Registrar and also one of the largest web hosting companies in South Asia.
Transecute is the only complete online payment solution Provider in India today with product/service offerings that allow Merchants to accept payments from their customers on their website via Credit Cards (VISA/Master). The service is made to allow easy integration (less than 30 minutes) and ease-of use. The service is indispensable to any website who wishes to transact online safely and e-enable their web presence.

Date Added: Sep 12, 2007 Hits: 2 Rating: 0.00 Votes: 0