Deutsche Bank to roll out new investment services soon 
Kolkata: Deutsche Bank, which has so far maintained an humble existence in India, is considering beefing up its Indian presence by introducing a host of investment portfolio services. 
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United India teams up with PNB Housing 
New Delhi: United India Insurance Company Ltd on Monday said it has entered into an agreement with PNB Housing Finance to provide fire and personal accident insurance cover to the customers availing housing loans from the latter. 
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SEBI queries Pendse on TFL insider trading
Mumbai: The Securities and Exchange Board of India officials yesterday questioned Dilip Pendse, former Managing Director, Tata Finance Ltd (TFL), on his involvement in the alleged insider trading in the TFL scrip. 
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ICICI Bank to extend wealth advisory services
Mumbai: The bank would offer professional financial planning and investment advisory services to assist its private banking customers in their investment and savings plan. 
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Kotak Mahindra Bank plans wealth scheme
Mumbai: Kotak Mahindra Bank Ltd, to be operational by end of the year, proposes to have `Wealth Management Programme' or investment advisory services for high net worth individuals as a core area of focus, besides the normal banking operations. 
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UTI Bank to finalise foreign investor today
Mumbai: The committee of directors of UTI Bank is meeting on Tuesday to finalise private placement of 12-15 per cent of its equity with a foreign investor. According to sources, Chrysalis Capital, is likely to pick up the equity in the bank. 
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SBI cuts rates on FDR loans
Mumbai: State Bank of India has lowered interest rates charged on loans against fixed deposit receipts and special term deposit receipts by 100 to 125 basis points. 
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UCO Bank Q1 net at Rs 73 cr
Kolkata: UCO Bank earned an operating profit of Rs 140 crore for the quarter ended June 2002, posting about 90 per cent improvement over the same period last year, according to a press release issued by the bank. 
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Bank of Tokyo branch closure: UFBU meets CM
Kolkata: A delegation from the United Forum of Bank Unions (UFBU), comprising nine unions of bank employees and officers, called on the West Bengal Chief Minister, Mr Buddhadev Bhattacharjee, recently and requested and requested him to intervene in the situation created by the closure of the local branch of the Bank of Tokyo-Mitsubishi. 
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IDBI in talks with UK insurance cos
Mumbai: Industrial Development Bank of India (IDBI) is in talks with three UK-based insurance companies to select a partner for an insurance brokerage. 
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Credit dispensation -The hard realities
Credit dispensation constitutes the most vital segment of a bank's business. If not handled well, that bank will march towards doom. The eagerness of an entity to borrow and the indispensability of the bank to lend are the factors that come into inte raction. While a borrower may not ordinarily show any particular preference for a lender, the lender has to be necessarily cautious in the selection of the borrower. 
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Defaulters arrested for avoiding DRT 
New Delhi: In the first move of its kind, the Delhi-based debt recovery tribunal on Monday had the promoters of a defaulting company arrested for not cooperating with the recovery proceedings and also not making any payment towards the FI dues. 
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