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Bourse
course proved costly for Nedungadi
Mumbai: The Reserve Bank of India’s decision
to hand over the reins of the Kozhikode-based Nedungadi
Bank to Punjab National Bank is the last nail in the coffin
for one of the oldest banks in the country.
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RBI
sets up channel for emergency fund withdrawals
Mumbai: RBI has opened a centralised channel for
emergency withdrawal by any depositor, despite the moratorium.
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StanChart
introduces resident foreign currency (domestic) account
Mumbai: Within a fortnight of the RBI guidelines
on resident individuals being allowed to open foreign
currency accounts (subject to guidelines), Standard Chartered
Bank has introduced resident foreign currency (domestic)
account.
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Banks
asked to adopt cash management tools
Hyderabad: The Chief Economic Advisor to the Union
Finance Ministry, Ashok Lahiri, today asked banks to adopt
better cash management techniques, which would not only
enable them to increase non-interest income but also offer
value-added products and services to clients.
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PNB
pact with Cisco
New Delhi: Punjab National Bank (PNB) has signed
a memorandum of understanding (MoU) with Cisco Systems
to initiate the bank's largest ever IT infrastructure
upgradation.
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SBI
launches debit card
Mumbai: State Bank of India (SBI) has launched
`SBI Cash Plus', its Maestro debit card for which it has
tied up with MasterCard International. Maestro is MasterCard
International's online PIN-based deposit access programme.
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RBI
sets terms for PNB, Nedungadi Bank
merger
Mumbai: The Reserve Bank of India yesterday unveiled
to public a draft scheme to merge the Kerala-based Nedungadi
Bank with Punjab National Bank (PNB). The scheme would
be available to the public from both the banks.
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Get
professional, Governor tells Gujarat co-ops
Gandhinagar: The Gujarat Governor, Sundar Singh
Bhandari, has called upon the scam-tainted co-operative
banking sector to infuse more professionalism into its
style of functioning if it were to weed out corruption
from within.
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South
Canara co-op bank to upgrade
Mangalore: South Canara District Central Co-operative
Bank, which started operations in the Dakshina Kannada
district in 1913, is on an `upgradation' drive which is
expected to make the bank more `customer-friendly'.
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