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Citibank
launches forex account for residents
Mumbai: Citibank on Wednesday announced the launch
of ‘Citibank International Account’ which will
enable Indian residents to open and operate foreign currency
accounts.
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Swiss
re awaits regulatory changes to open India shop
New Delhi: Swiss Re, the second largest global
reinsurance company, is waiting for a change in government
regulations to set up a branch in the country.
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Levy
of service charges by UCBs freed
Mumbai: The RBI has accorded freedom to UCBs in
fixing rates for their services on the same lines as commercial
banks.
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BoP,
BSNL inaugurate e-banking channels
New Delhi: Bank of Punjab and Bharat Sanchar Nigam
Ltd on Wednesday inaugurated the payment of bills through
e-banking channels of bank.
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Exporters
meet Jalan to seek cheaper Eeport credit
Mumbai: Exporters have asked the Reserve Bank of
India to further reduce the cost of export credit by linking
it with the benchmark Bank Rate and liberalising lending
norms to facilitate exports.
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Moody's
holds talks with Govt on rating review
New Delhi: Officials of the global credit rating
agency, Moody's Investors Service yesterday held discussions
with senior Finance Ministry officials, ahead of the promised
upgrade of India's foreign currency rating.
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Canara
Bank cuts home loan rates
Bangalore: Canara Bank has reduced housing loan
interest rates by 25 basis points. A bank release said
that the interest on floating rate home loans for five
years now stands at 9.25 per cent and for the fixed rate
loans it is 9.50 per cent.
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SBI
Life parking monies in index, mutual funds
Mumbai: SBI Life has begun investing in index funds
and some mutual funds in a bid to keep the average return
on investments high and simultaneously restrict investment
risks.
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SBI
launches debit card in Kolkata
Mumbai: State Bank of India announced here on Tuesday
the launch of its SBI Cash and Maestro Debit card that
allows customers to access their deposit accounts from
ATMs and merchant establishments.
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Andhra
Bank cuts rates on credit card rollover balance
Hyderabad: Even though bank interest rates have
been on the decline and there is excess liquidity in the
market, the one segment that has remained immune to this
and still has been subjected to a heavy dose of interest
is the credit card segment.
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KVB,
UTI Bank to share ATMs
Karur: Karur Vysya Bank (KVB) and UTI Bank have
tied up to share their automated teller machines (ATMs).
This arrangement is aimed at offering customers of both
bank's the facility of using the combined network of ATMs.
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Allahabad
Bank board to finalise share allotment
Kolkata: The board of directors of Allahabad Bank
will meet at Hyderabad on November 23 to finalise the
allotment of shares following the recent public issue.
It might be noted that the issue was oversubscribed by
three times.
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SBI
Kerala, Shriram ink pact for truck
finance
Thiruvananthapuram: SIL will assist designated
branches of SBI with identifying eligible beneficiaries
for finance and help them complete formalities connected
with loan disbursement and registration of vehicles.
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Deutsche
Bank to kick off MF ops in country next month
Mumbai: Deutsche Bank, one of the largest players
in the asset management business globally, will launch
its mutual fund operations in India next month.
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GIC
in talks with top brokers to place reinsurance biz abroad
Mumbai: General Insurance Corporation (GIC), the
Indian reinsurer, is in talks with top notch international
reinsurance brokers including Willis, Alexandar Forbes,
Aon, Marsh, Lloyds Syndicate, to facilitate placement
of reinsurance business abroad.
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