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FIMMDA
for excluding SPV exposure for CAR
Mumbai: The FIMMDA has suggested to the RBI that
the exposure and the risk weights to be assigned for banks’
capital adequacy purposes should be on the basis of the
underlying assets and not in the nature of the special
purpose vehicle, in case of investment in pass-through-certificates
issued by the SPV.
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IDBI
Bank, Hexaware develop Basel-II compliant Orbit
Mumbai: IDBI Bank has developed a Basel II-compliant
framework for measuring operational risk called ORBIT
in association with Hexaware Technologies.
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Oriental
to issue I-cards to mediclaim holders by October-end
New Delhi: The city-based Oriental Insurance Company
hopes to issue the first identity cards offering cashless
hospitalisation to its Mediclaim policy-holders in all
major centres by the month-end, at 6 per cent more than
the current premium rates, including the service tax.
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Banks
not impacted by RBI curbs on call
Mumbai: The stricter prudential norms of the Reserve
Bank of India on call lendings and borrowings by banks
has not impacted the inter-bank call money market.
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Syndicate
Bank ties up With Visa for debit cards
Bangalore: Syndicate Bank has announced its tie-up
with Visa International to issue around one million Visa
Electron debit cards in India.
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Cut-off
on RBI 30-yr paper seen at 7.90%, 11-yr at 7.27%
Mumbai: The Reserve Bank of India’s auction
of 30-year bond worth Rs 3,000 crore and 11-year bond
worth Rs 4,000 crore to be held on Monday is expected
to get a good response.
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Western
Union ties up with Andhra Bank
Mumbai: Western Union Financial Services International,
a global player in the money transfer business and part
of the US-based $21-billion First Data Corporation, has
announced an alliance with Andhra Bank, the Hyderabad-based
public sector bank, to provide inbound money transfer
services at Andhra Bank locations across the country.
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ABN-Amro
opens NRI service in UAE
Mumbai: ABN Amro Bank has launched its NRI banking
service in the UAE, enabling its customers access their
accounts in India and the complete banking portfolio with
the bank in the UAE, from a single desk.
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Cut-off
rates for bonds
Mumbai: The cut-off rate for underwriting by primary
dealers for the price-based auction of the 7.27 per cent
2013 paper was announced at one paise and that of the
7.95 per cent 2032 paper at three paise.
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Allahabad
Bank issues notices to defaulters
Chennai: Allahabad Bank has sent around 700 notices
to defaulting borrowers seeking to retrieve around Rs
85 crore. The strategy is in sync with the bank's overall
aim to recover Rs 500 crore in the current year.
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AIBOC
officials coming
Mangalore: With negotiations relating to wage revision
and other issues concerning the banking industry set to
commence on October 25, leaders of the All-India Bank
Officers' Confederation (AIBOC) will be visiting Mangalore
and Udupi on October 8 and 9.
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PSBs
account for half the deposits in Q1
Mumbai: Nationalised banks accounted for 50.20
per cent of aggregate deposits, with State Bank of India
(SBI) and its associates accounting for 24.10 per cent,
for the quarter ended June 2002, according to the latest
statistics released by the Reserve Bank of India
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