IDBI not enthused qith mof bid on asset merger with IFCI 
New Delhi: The ministry of finances attempts to push forward a proposal for merger of good assets of the Industrial development Bank of India and IFCI Ltd to form a new development financial institution does not seem to have gone down well with IDBIs top brass. 
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State Bank loan book touches Rs 3,000 crore in fiscal till date  
Mumbai: State Bank of India has witnessed an uptick in its incremental credit offtake to the tune of Rs 3,000 crore in the first five months till August 31. Full story 
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UWB plans new integrated treasury branch in Mumbai 
Mumbai: United Western Bank has taken an initiative to set up an integrated treasury branch in Mumbai in a bid to bring the dealings in the domestic and forex treasuries under a single roof. 
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SBI Life joins hands with BNP Paribas for marketing 
Mumbai: SBI Life Insurance Company has signed a memorandum of understanding with BNP Paribas to distribute its group insurance products across India. 
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Sanchayani director remanded to custody 
Kolkata: One of the directors of Sanchayani Savings and Investments Ltd, Kolkata, Sunil Ganguly, who was arrested by police in connection with misappropriation of deposits, has been remanded to police custody till September 12. 
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BoI hikes FCNR rates
Mumbai: Bank of India has raised FCNR deposit rates by 15-20 basis points in some maturities effective September 7. Rates on dollar US deposits are 1.70 per cent (1.50 per cent) for one year to less then two years. 
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Its never been that good on home loans front, go for one now  
Mumbai: That dream home may not be so distant now. The past few years have seen a free fall in interest rates across the board and the home loan sector has been no stranger to this. From 15-16 per cent five years back to 9-11 per cent today, the home loan industry has come a long way. 
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14 subsidiaries going to UTI I
New Delhi: The division of assets between the government-held UTI I and UTI II of UTI is beginning to take shape. The 14-odd subsidiaries of mutual fund like UTI Bank, UTI Investor Services, UTI Investment Advisory Services, UTI Securities Exchange, UTI Institute of Capital Markets, UTI International, Unit Securities Exchange of India, and the real estate of UTI would go to the government-held UTI I.  
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