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Govt
may go in for sell-off in UTI-II after 3-5 years
New Delhi: Finance minister Jaswant Singh has said
that government might consider disinvestment in UTI-II
after 3 to 5 years. The minister did not commit to any
new assured return scheme for UTI-I after the bifurcation
of the Unit Trust of India (UTI) for which the Lok Sabha
passed a Bill on Thursday.
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ICICI
Bank takes over Mardia Chemicals Unit under NPA act
Mumbai: ICICI Bank has taken possession of one
of the units of Mardia Chemicals Ltd located at Vatva
in Ahmedabad district, as part of exercising its right
as a lender under the Securitisation & Reconstruction
Act, which was passed by both the Houses of Parliament
recently.
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Moody's
places IOC issuer on possible upgrade
New Delhi: Several significant recent positive
changes in Indian Oil Corporation's credit profile have
prompted international ratings agency Moody's to place
IOC's `Ba2' long term issuer rating under review for possible
upgrade.
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ICICI
Bank launches ATM in Bengali
Kolkata: The bank yesterday launched Bengali ATM
transaction screens in the city, with the hope that it
will be able to serve more customers who may prefer the
language over English or Hindi.
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IDBI
ready with roadmap for universal bank
Mumbai: IDBI has said it is ready with the roadmap
for transforming into an universal bank under which it
would retain its 38-year-old brand equity by retaining
its name as IDBI Bank Ltd.
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Allahabad
Bank seizes property in Chennai
Chennai: Allahabad Bank has taken possession of
a (residential) property worth about Rs 3 crore in the
city, using the powers given by the Securitisation and
Reconstruction of Financial Assets and Enforcement of
Security (Second) Ordinance, 2002.
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Despite
NPA bill, Delhi DRTs fail to gain momentum
New Delhi: Even as creditor institutions rejoice
over the securitisation ordinance crossing the Parliamentary
hurdle, work on recovery of dues through debt recovery
tribunals in the Capital has almost ground to a halt.
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ICICI
to pay off entire merger liability by
next fiscal-end
Mumbai: ICICI Bank will pay off the entire liability
accruing from the merger of the erstwhile ICICI Ltd with
it by the end of the financial year 2003-04.
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Panel
wants more EoIs Before Sicom stake sale
New Delhi: A high-powered committee led by state
chief secretary Ajit Nimbalkar on Thursday has directed
KPMG to roll out one more advertisement seeking expression
of interest for the divestment of 26 per cent stake in
the Mumbai-based NBFC, Sicom Ltd.
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Bank
of India to outsource HR; sets up
sub-committee
Mumbai: Bank of India has decided to outsource
its human resource related requirements with a view to
introduce sophisticated HR practices, processes and techniques
in managing its workforce.
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