SBI firms up five-year IT roadmap with KPMG 
New Delhi: The State Bank of India has chalked out a five-year integrated information technology roadmap with the help of global consulting firm, KPMG Consulting, for maintaining its leadership in the technology sphere as well. 
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Follow extant guidelines for calamity donations: RBI 
Mumbai: The Reserve Bank of India has asked banks not to wait for separate instructions for providing relief in areas affected by natural calamities, and follow the standing guidelines issued earlier relating to such occasions. 
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Crisil downgrades Rs 1,000-cr Tata Power NCDs 
Mumbai: Credit Rating Information Services of India Ltd on Wednesday downgraded the ratings assigned to Tata Power Company Ltds non-convertible debentures worth Rs 1,000 crore. 
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More corporates prefer Yen Borrowings: Icra 
New Delhi: Taking advantage of the interest rate differential, more Indian firms are moving towards yen borrowing. 
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StanChart in talks with Bank Of China 
Hong Kong: Standard Chartered Bank said on Wednesday it is in talks with state giant Bank of China about co-operative ventures including credit cards, a high-yielding part of the business which has yet to be developed in the booming country. 
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Prakar Software new version
Bangalore: Prakar Software Ltd, Bangalore, specialising in computerisation of bank accounts, has launched the 2002 version of Auto Banker. 
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IRDA to lift ceiling on life policy riders
New Delhi: The cap on the maximum permissible premium relating to riders on life insurance policy placed recently by the Insurance Regulatory and Development Authority (IRDA) is to be removed. 
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IBA for speedy disposal of loan applications
IBA has suggested that banks should acknowledge loan applications on the date of receipt at the branches. 
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Vijaya Bank shelves tier II issue
Hyderabad: The state-owned Vijaya Bank has shelved plans for the time being to foray into the bond markets with a tier two issue in view of falling yields. 
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Labour Commissioner to review closure of Bank of Tokyo branch
New Delhi: The Regional Labour Commissioner of the Union Government will review on Thursday the situation arising out of the sudden closure of the local branch of the Bank of Tokyo-Mitsubishi. 
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Lord Krishna Bank cuts deposit rates
Kochi: Lord Krishna Bank has cut interest rates on deposits ranging from 0.25 to 0.75 per cent, which will become effective from August 10. 
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