Old mutual open to higher OM Kotak pie 
Mumbai: Old Mutual, the foreign partner of OM Kotak Mahindra Life Insurance Company, is ready to hike its stake in the joint venture if the Government of India so permits. 
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RBI okays Dhanalakshmi Bank rights shares allotment 
Mumbai: The Reserve Bank of India has cleared the allotment of shares of the recently concluded rights issue of the Thrissur-based Dhanalakshmi Bank Ltd. 
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RoNW of old private banks is higher than new counterparts 
Old private sector banks return on net worth is higher compared to that of new private sector banks during 2001-02. 
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SBBJ slaps notices to defaulters for Rs 41 crore 
Mumbai: Taking advantage of the new debt Ordinance, the State Bank of Bikaner & Jaipur has issued 409 notices involving Rs 41 crore to wilful defaulters. 
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Vote for voting rights
For voting rights of shareholders in banks to change an entire set of Acts has to be changed by Parliament and the Finance Ministry is in no mood for it. Voting rights (as they stand now) vary with the organisational structure of the banks. 
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No pressure on profit margins, says HDFC 
Hyderabad: Despite slashing interest rates on advances several times in the recent past, Housing Development Finance Corporation Ltd (HDFC), the market leader in the housing finance sector with over 50 per cent share, finds "no pressure on its profit margins and hopes to maintain the same level of growth rates in both top and bottomline even during the current fiscal year.
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IDBI Bank gets BNP `merchant' portfolio 
Mumbai: IDBI Bank has acquired a portfolio of over 2,500 merchants establishments from the French Bank, BNP Paribas. 
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ICICI Home Finance to hold property show 
New Delhi: ICICI Bank Home Loans and ICICI Bank Home Search, the property search division of ICICI Bank, will hold a three-day property exhibition at Hotel Samrat in the Capital from September 14 to 16. 
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Much at stake for Govt in IFCI bail-out 
New Delhi: Fears of a severe dent of the country's image abroad and the possibility of an adverse political fallout within is likely to force the Government to drop the option of closure of IFCI Ltd as part of the restructuring package that is being finalised for the institution.
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Crunch in call money despite surplus liquidity 
Mumbai: In the inter-bank call money market on Friday, the call rates went as high as 6.25 per cent. Said the chief dealer of a primary dealer, "Call rates have not crossed six per cent in several months.'' 
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