19 apr 2003

indusind in talks with uae banks
mumbai: indusind bank is in talks with some local banks in uae to expand its presence in the region. the bank is also in talks with a leading exchange company for remittance services, according to bhaskar ghose, managing director of the bank.

uti bank bites into food credit pie
mumbai: flush with funds and shrinking margins, more private and foreign banks are showing interest in the traditional rbi-managed food credit programme. at the rate of 11.10 per cent, this 40-year old government scheme, with no history of default has become an attractive investment avenue for banks in the current falling interest rate regime.

ifc sanctions rs 60-crore loan to dewan housing finance
new delhi: international finance corp-oration (ifc), which is a private financing arm of the world bank, has granted a rs 60-crore long term assistance facility to dewan housing finance corporation ltd, to expand the latter's housing finance operations in the country.

17 apr 2003

uti sheds strategic stakes in top firms
mumbai: the unit trust of india has scaled down its strategic holdings in several leading companies like itc, reliance, telco, hindustan lever and bses during the january-march quarter of '03, according to data collated from company filings.

nia hopes to cash in on reach of banks, fis
new delhi: new india assurance is eyeing the huge branch network of public sector banks (psbs) and financial institutions for extending its reach to their vast clientele.

contributory pension scheme for new govt employees likely
new delhi: a contributory pension scheme for new entrants to government service is likely to be announced by the end of next month, finance secretary s narayan said.

union bank gets iso-9001-2000 for 64 branches, 3 extension counters
mumbai: union bank of india has become the first bank to obtain iso-9001-2000 quality certification for its branches in the country.

crisil issues safety ratings for citibank securitisation
mumbai: crisil has assigned rating for high degree of safety to citibank na's rs 208.4 crore securitisation programme.

union bank in talks to expand atm network
mumbai: union bank is tying up with more banks for the sharing of atm network. soon after the forging of alliances between four public sector banks for the sharing of their atm networks last week, union bank is currently engaged in talks with a public banks for the sharing of their atm networks last week,

maruti, sbi tie up for co-branded financing
new delhi: maruti udyog ltd (mul) has forged a tie-up with state bank of india (sbi) for offering co-branded financing option for buyers of maruti vehicles. christened sbi-maruti finance, the tie-up provides loans for purchase of maruti cars at the rate of 10.5 per cent and 11.25 per cent for three years and more than three years, respectively.

pnb to vend new india products
new delhi: punjab national bank (pnb) has entered into an alliance with new india assurance for selling its general insurance products while planning to get into the life insurance business along with apollo tyres, vijaya bank and principal financial group of us.

state bank of mysore to manage karnataka's treasury operations
bangalore: state bank of mysore will take over the treasury operations of karnataka government in bangalore city from reserve bank of india, its managing director, sitarama murty, said.

16 apr 2003