20 december 2003

clb suspends tamilnad mercantile bank board
new delhi: with a firm view that it was in public interest to take remedial measures in the matter of tamilnad mercantile bank ltd (tmb), the company law board on friday ordered suspension of tmb's board of directors with immediate effect.

syndicate bank pays rs 35-crore interim to govt
bangalore: syndicate bank has presented a cheque for rs 34.69 crore as interim dividend to the government.

bancassurance meet on dec 24
thiruvavanthapuram: the national insurance company is holding a one-day `bancassurance meet' for its own officials as also those of indian overseas bank with whom it has established a bancassurance tie-up.

19 december 2003

idbi may sell stake in idbi bank
mumbai: industrial development bank of india may sell its stake in idbi bank ltd before merging itself with a public sector bank.

icra upgrades tata motors' ncd issues
mumbai: icra has upgraded the long-term rating assigned to the rs 300-crore and rs 250-crore ncd programmes of tata motors ltd (tml), from `laa' to `laa+.'