|
Citibank,
Shoppers’ stop launch co-branded cards
Mumbai: Citibank and
Shoppers’ Stop on Wednesday launched a co-branded
credit card with Mastercard International. Citibank also
unveiled ‘Citibank Financial Centre’ at Shoppers’
Stop in order to provide financial services to ‘First
Citizen Citibank’ members.
Back
to News Review index page
PNB
Gilts net jumps 80 per cent to Rs 30 crore
New Delhi: PNB Gilts, the Delhi-based primary dealer,
has reported an 80 per cent jump in net profit to Rs 30.01
crore for the quarter ended September 30, 2002 compared
to a profit after tax (PAT) of Rs 16.63 crore during the
corresponding period last year.
Back
to News Review index page
Union
Bank unveils ‘Lifeguard’
Mumbai: Union Bank of India has launched a loan
scheme 'Union Lifeguard' a emergency-cash-on-hand scheme,
designed to take care of hospitalisation needs of its
account holders.
Back
to News Review index page
South
Indian Bank first half net up 20% to Rs 29 crore
Kochi: Thrissur-based South Indian Bank has registered
a 20.3 per cent growth in its net profit for the first
half of this fiscal.
Back
to News Review index page
Cheque
processing centre in Mangalore
Mangalore: Corporation Bank has been authorised
by the Reserve Bank of India (RBI) to set up an MICR cheque
processing centre in Mangalore. This is the second MICR
in Karnataka.
Back
to News Review index page
Kothari
Orient to repay deposits
Chenai: The Chennai-based Kothari Orient Finance
Ltd has given an undertaking in the Madras High Court
that the company would repay the deposits totalling Rs
16 crore within 24 months, in instalments, the first such
instalment commencing before December 2002.
Back
to News Review index page
Good
response to SBI home fair
Chennai: The property fair sponsored by State Bank
of India at Chennai last week drew over 15,000 visitors,
bank officials said. The bank has accorded in-principle
sanction of Rs 80.06 crore to 1,044 housing loan borrowers.
Back
to News Review index page
IRDA
likely to phase out 5 pc special discounts
New Delhi: The 5 per cent special discount offered
by the general insurance companies is expected to be phased
out. Addressing a gathering of general insurance agents
here on Wednesday, Mr N. Rangachary, Chairman of IRDA,
said special discounts exist due to historical reasons
in the insurance industry.
Back
to News Review index page
Panel
to study motor premium
New Delhi: IRDA will set up a committee to study
rationalisation of the motor premium being charged by
insurance companies, N. Rangachary, Chairman of IRDA,
has said.
Back
to News Review index page
Vijaya
Bank entering bond market to raise Rs 150 cr
Bangalore: Vijaya Bank is entering the bond market
for accessing Tier-II capital, according to M.S Kapur,
the Chairman and Managing Directorof the bank.
Back
to News Review index page
Oriental
Bank raises Rs 200 cr
New Delhi: Oriental Bank of Commerce (OBC) has
raised Rs 200 crore Tier-II capital through issue of bonds
having currency of 5 years and 6 months at a coupon rate
of 7.15 per cent, the lowest interest rate fixed to raise
Tier-II capital by a bank.
Back
to News Review index page
Aga
Khan Fund to hike stake in DCB
New Delhi: The Geneva-based Aga Khan Fund for Economic
Development (AKFED) is set to consolidate its equity holding
in Development Credit Bank (DCB), the Mumbai-based Rs
5,950-crore private sector scheduled commercial bank.
Back
to News Review index page
|
