Forget queues; bank online
Mumbai: Banks are trying to bring on `channel migration'. They are trying to coax people vexed with crowds and queues to bank online.Value-added  services are being offered by the dozen to entice them. `
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LIC scuppers States' bid to buy back high-cost loans
Mumbai: Life Insurance Corporation has blocked States' attempts to buy back loans. LIC is the largest financier for State Governments, both directly and indirectly.
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Traders shy away from long-dated securities
Mumbai: Traders are still shy of going in to securities, which are long-dated. This is because long-dated securities in excess of 10 years tend to be less liquid, especially since the bulk of the liabilities profile in the banking system is short-ended.
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SBI ready with social plan
Bangalore: State Bank of India has finalised an action plan to conduct 460 community service banking (CSB) activities in Kerala under various schemes during the current fiscal. The plan would cover various schemes for the weaker sections
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Short-term govvies to see good interest
Mumbai: As there is a shortage of short-term G-sec bonds in the secondary market, there should be overwhelming investor interest for this security. At current levels of forward premium, investment opportunities for banks are dwindling and there is sustained interest to invest in `AAA' rated paper.
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Defaulters keen to settle NPA dues
Mumbai: Bankers are a joyous lot as the Ordinance to sanitise non-performing assets has begun to have its effect even before the lenders started cracking the whip provided by the law.
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HSBC rules out takeover bids for Now; seeks 51% holding
Mumbai: HSBC has ruled out takeover or acquisition of any Indian bank till the present cap on foreign holding is not raised to at least 51 per cent.
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