HDFC tops in car fin satisfaction
New Delhi: There is good news for car financiers. Four out of every five new vehicle buyers in India opt for some kind of financing, says JP Power Asia Pacifics 2002 India Consumer Satisfaction study.
Back to News Review index page  
IBA initiative for mechanism to settle inter-bank disputes
Mumbai: The Indian Banks Association has formed a sub-group under its banking operation committee, to devise an arbitration mechanism to settle disputes between member banks and all India financial institutions.
Back to News Review index page  
StanChart eyes S-E Asian securitisation market
Mumbai: Standard Chartered Bank is planning to securitise assets in areas of auto, housing and credit card loans, to raise cheaper funds in India, but said it would be cautious in dealing with non-performing assets.
Back to News Review index page  
ADB revises economic outlook for Asia
New Delhi: Developing economies in Asia demonstrated gradual strengthening in the first six months of the year which may lead to better-than-expected results for the rest of 2002, the Asian Development Bank said.
Back to News Review index page  
RBI approves proposal to merge Vasant Sahakari Bank
Mumbai: RBI and the Registrar of Co-operative Societies of Maharashtra have approved the amalgamation of city-based Vasant Sahakari Bank Ltd with Sangli-based Vasantdada Shetkari Sahakari Bank Ltd.
Back to News Review index page  
Re edges down; gilts flat
Mumbai: The rupee closed a tad weaker at 48.4125/42 on Thursday as compared to 48.4050 on Wednesday in the forex market. Supplies and demand of the dollar were seen to be moderate and said to be matching in the market.
Back to News Review index page  
Govt norms for promotion of DOs opposed
New Delhi: Officers associations of the public sector general insurance companies have opposed the move of the Government to promote only those Development Officers (DO) who procure business of Rs 1.5 crore and above.
Back to News Review index page  
Private banks can have 49 pc FDI + 49 pc FII
New Delhi: For once it appears that the Reserve Bank of India has slipped heavily, and that too in its own banking backyard. Or so the Government thinks. The Ministry of Finance feels that the RBI Governor, Dr Bimal Jalan, had erred in stating recently had erred in stating recently that the Government needs to clarify its position on the limits on foreign institutional investor (FII) investments in the banking sector, since the policy parameters on the issue have already been clearly enunciated.
Back to News Review index page  
ICICI Bank opens call centre at Hitec City
Mumbai: The facility is claimed to the largest in the Indian banking sector till date with a capacity of 1,100-seats. The bank plans to double the capacity of the call centre in the next one to one-and-a-half years.
Back to News Review index page  
Bank of Tokyo staff told not to disturb functioning
Kolkata: Justice P.K. Samanta of the Calcutta High Court on Wednesday directed the police to see that order of injunction passed by the trial court in the Bank of Tokyo Mitsubishi case is carried out.
Back to News Review index page  
Rough road ahead for STRIPS
Mumbai: Dealers feel insurance companies also stand to gain with an easier task of asset liability management. The stripped coupons will suit varying maturities in tune with their needs.
Back to News Review index page  
`Off-balance sheet dealings are not fraudulent acts'
New Delhi: Off-balance sheet asset-backed securitisation transactions are not ``fraudulent acts'' despite the growing concerns over any transaction that is ``off-balance sheet'' in a post-Enron and WorldCom world, according to Noel C. Edison, Managing Asset Securitisation, Standard Chartered Bank.
Back to News Review index page  
Professionals in co-op banks mooted
Visakhapatnam: Engaging the services of professionals in the co-operative banking sector in the State for its proper management is one of the recommendations of the four-member expert committee, constituted by the Andhra Pradesh Government to go into the functioning of the cooperative banks.
Back to News Review index page