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Bank
Of India sets Rs 50-crore corpus to fund regional films
Mumbai: BoI sources told FE that in the wake of
immense competition in the area of bank finance for big
budget Bollywood films, BoI has decided to make a foray
in the financing of small-budget regional films.
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Sundaram
Fin to buy partner's stake in Fisaf
Mumbai: Sundaram Finance Ltd yesterday announced
its intention to acquire the 51 per cent holding of Fidis
S.p.A, in the joint venture company, Fiat Sundaram Auto
Finance Ltd (Fisaf).
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ICICI
Bank Home Shoppe in Pune
Pune: `ICICI Bank Home Shoppe', the first `shop'
for spot home loan sanctions, has begun its operations
in Pune. This is the first permanent aggregation and display
of housing projects in the country.
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Terror
risk pool corpus may expand by Rs 100 cr
New Delhi: The Indian Terrorism Pool which offers
insurance cover against terrorism for a maximum of Rs
200 crore per cover is likely to be increased either by
Rs 50 crore or Rs 100 crore in the next financial year,
2003-04.
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ICICI
Bank to sell gold coins
Mumbai: ICICI Bank is to retail 24 carat gold coins
across the counter through its branches. "ICICI Bank
Pure Gold" coins, to be imported from Switzerland
is to carry a 99.99 per cent Assay certification.
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Bank
of Rajasthan cuts deposit rates
New Delhi: Bank of Rajasthan has cut deposit rates
for the second time post the bank rate cut in credit policy.
The deposit rate for 2-3 years is now at 6.25 per cent
as against the earlier 6.75 per cent.
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UBI
launches co-branded card
Mumbai: United Bank of India (UBI) has launched
a credit card here co-branded with SBI Card State Bank
of India's credit card.
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PNB
Gilts to sell 26% to strategic investor
New Delhi: PNB Gilts, the primary dealer subsidiary
of Punjab National Bank, is talking to various bankers
for a strategic stake in the company.
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