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Banks
raise toast to Securitisation Bill; defaulters rush in
with recast options
New Delhi: The passage of the Securitisation and
Reconstruction of Financial Assets and Enforcement of
Security Interest Bill (2002) in the Lok Sabha has enthused
bankers.
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IIB
to hold courses for non-bankers, graduates
Kolkata: The Indian Institute of Bankers has decided
to throw open its courses for non-members working in different
areas of the financial services sector and fresh graduates
as part of its new vision statement prepared on the occasion
of its platinum jubilee year.
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Moody’s
lifts China debt outlook to positive
New Delhi: Moody’s raised its outlook on China’s
foreign debt on Friday, saying surging exports and foreign
currency reserves were increasingly protecting the country
from financial shock.
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Sri
Lanka aims Tt sell state insurer by year-end
New Delhi: Sri Lanka aims to sell off a state-run
insurer by year-end, its biggest privatisation in five
years, an official said on Friday, helping the government
meet an ambitious $220 million privatisation target.
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Fresh
pension offer for banks under study
New Delhi: The Government is considering offering
another option of pension to officers and employees of
public sector banks, the Minister of State for Finance,
Anandrao V. Adsul, has said.
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Corp
Home cuts lending rates further
Mangalore: Corporation Bank has once again reduced
its interest rates on Corp Home loans by 25 basis points
across the board effective from November 25. This is the
second revision after the announcement of the mid-term
credit policy by the Reserve Bank of India.
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BoB's
housing loan fortnight
Mumbai: Bank of Baroda's South Zone proposes to
'celebrate a special fortnight' during which housing loans
on concessional terms will be disbursed to middle income
groups, the bank's General Manager, M.B. Samant, told
presspersons yesterday.
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Max
New York Life on rural hunt
Mumbai: Max New York Life Insurance Co Ltd will
conduct pilot projects in select rural areas with the
objective of selling its insurance products. If successful,
the products would then be replicated in other parts of
the country.
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Oriental
Bank cuts PLR
New Delhi: Oriental Bank of Commerce (OBC) has
reduced its prime lending rate (PLR) on advances from
11.5 per cent to 11 per cent. The maximum spread has also
been slashed from 3.5 per cent to 3 per cent.
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Sabre
interest in Centurion Bank
Mumbai: The RBI seems to be quite satisfied (for
the present) with the way Centurion Bank, UTI Bank and
IDBI Bank are being managed while admitting to the need
of the three for a strong dose of capital infusion.
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