13 december 2003

online clearing will hit banks hard
mumbai: the yet-to-be implemented, real time online clearing system, will drive down margins of banks, said bankers at the bank economists' conference.

uti bank opens `highest' atm in sikkim
mumbai: uti bank today inaugurated its atm at thegu, near the nathula pass in sikkim, which at 13,200 feet is the highest atm in india.

kmb promoters to wait & watch on stake dilution
chennai: kotak mahindra bank's promoters, the kotak mahindra group, want to wait for the evolution of the policy regarding ownership of banks to take a decision on diluting their stake in the bank.

12 december 2003