|
Bank officers seek paternity leave
Mumbai: Heralding the age of equal rights, bank officers are
now demanding paternity leave. In a recent charter of demands
submitted by bank unions, officers of public sector banks have
demanded a 15-day paternity leave.
Back
to News Review index page
Rabobanks
Indian subsidiary to start by Jan 2003
Mumbai: The Netherlands-based Rabobank Internationals
subsidiary banking outfit in India is scheduled to begin full-fledged
operations by January 2003, according to Rabo India Finance Pvt Ltd
managing director Rana Kapoor.
Back
to News Review index page
NPA
provisioning exempted from tax for
NBFCs
Mumbai: In a major move, non-banking financial companies will
now not need to pay tax on provisions for non-performing assets made
as per the Reserve Bank of India guidelines.
Back
to News Review index page
Sicom
shifts focus to advisory services, infrastructure
Mumbai: The development bank Sicom Ltd has reworked its
business strategy to shift its focus from the traditional term lending
to the infrastructure and services sector financing and advisory
services.
Back
to News Review index page
S
Korea plans deregulation to boost insurance market
Mumbai: South Korea plans to ease financial regulations to
bolster the worlds seventh largest insurance market by luring
financial institutions and business conglomerates into the sector, the
government said on Monday.
Back
to News Review index page
BOJ
agrees to flexible funds for money market
Tokyo: Bank of Japan board members agreed at their 30 April
2002 meeting to provide funds to the money market flexibly, beyond a
formal target, due to potential instability in the financial system,
minutes of the meeting showed on Monday.
Back
to News Review index page
Metlife
to start operations in Mumbai, Delhi
Mumbai: The six-month old Metlife India will launch operations
in Mumbai and Delhi in the next three months. The company is present
in five centres Bangalore, Kolkata, Kochi, Hyderabad and Chennai.
Back
to News Review index page
HDFC
Bank to offer private banking to all clients
Mumbai: HDFC Bank is bringing all its customers, under the fold
of private banking services offered by the bank. To begin with, the
bank plans to offer basic investment advisory services to all its
customers.
Back
to News Review index page
BoB
expects 20% growth in deposits, advances
Mumbai: Bank of Baroda has targeted a 20-per cent growth in its
deposits and advances in 2003. Its also looking at complete
inter-connectivity once its core banking solutions as suggested
by US consultant, Gartner, are put in place.
Back
to News Review index page
Moodys
in talks to buy Vysyas stake in ICRA
Mumbai: Moodys Investment Company India is marginally
increasing its equity holding in rating agency, ICRA. The company is
in talks with Vysya Bank for acquiring its 52,500 equity shares in
ICRA to increase its stake.
Back
to News Review index page
|
