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Corporation
Bank plans asset buyout, acquisition of small bank
Mangalore: Armed with a high Capital Adequacy Ratio,
the Mangalore-based Corporation Bank is considering an
option to grow inorganically by taking over a small bank
having presence in the areas where it has no or little
presence, or by acquiring assets of banks.
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IDBI
Bank to enable access to all channels with one password
Mumbai: IDBI Bank is planning to simplify access
to its multiple electronic channels through a single password
for all the channels. This feature will be introduced
in the first quarter of the next calendar year.
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Icra
assigns highest safety rating for UTI Bank certificate
deposits
New Delhi: Icra has assigned ‘A1+’ rating
to the Rs 1,000-crore (enhanced from Rs 500 crore) certificate
of deposit programme of UTI Bank indicating highest safety
in the short term.
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Allahabad
Bank to issue notices to defaulters fighting cases in
Debt Recovery Tribunals
Chennai: In a major drive to recover bad loans,
Allahabad Bank has decided to serve notices under the
securitisation Act to those wilful defaulters against
whom the bank is already fighting cases at the Debt Recovery
Tribunals, according to the bank’s chairman &
managing director, Dr B Samal.
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Dhanalakshmi
Bank all set to enter micro credit arena
Kochi: Thrissur-based Dhana-lakshmi Bank is to
focus on micro-credit. According to bank executive director
KA Menon, talks were on with several self-help groups
including the state government-promoted Kudumbasree project.
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Vijaya
Bank cuts home loan rates
Hyderabad: Vijaya Bank has cut its interest rates
on housing loans by two per cent below the prime-lending
rate (PLR). It also now offers a one per cent interest
rebate for prompt repayment.
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Allahabad
Bank H1 profit doubles
Chennai: Allahabad Bank proposes to go slow over
booking profits from treasury operations in the second
half of the current financial year (2002-03). In the second
half of 2001-02, the bank had booked over Rs 120 crore
of profit from treasury operation as compared to Rs 64
crore in the first half.
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BoB
to target mid-level borrowers
Mumbai: Bank of Baroda (BoB) will continue to maintain
an identity of its own irrespective of the views proffered
by Gartner, its consultant, says T.P. Banerjee, General
Manager, Bank of Baroda.
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Andhra
Bank ATM in Coimbatore
Coimbatore: The first ATM of Andhra Bank in Coimbatore
city has been commissioned in the Cross Cut road. It is
an off-site ATM and account holders of the bank's Main
branch on Mill road and Ram Nagar branch could use it,
apart from Andhra Bank credit card holders.
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SBH
initiative for self-employment
Hyderabad: The State Bank of Hyderabad has started
a rural institute for Self Employment Training -SBH RISET-
at Hasanparthi in Warangal district.
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Banks
await directive on loans to IFCI
New Delhi: PSU insurance companies have indicated
they would not be in a position to provide any support
to IFCI as they are expected to push through a voluntary
retirement scheme entailing an outgo of at least Rs 400-500
crore for each.
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G-secs
online trading soon
New Delhi: Screen-based trading of Government securities
will soon become a reality in the country with the Ministry
of Finance working out the details of the final plan.
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Nicholas
Piramal places Rs 25-cr debenture issue
Mumbai: Nicholas Piramal India Ltd yesterday said
that it was placing Rs 25-crore through an issue of MIBOR
(Mumbai Inter Bank Offer Rate) linked debentures at a
spread of 10 basis points over the overnight NSE MIBOR.
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ICICI
Bank, RPG tie up for recharge facility at ATMs
Mumbai: RPG Cellular Services Ltd and ICICI Bank
Ltd together launched a service, which will enable the
`Wings' prepaid subscribers to recharge their cards at
bank's ATMs across the city.
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