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IDBI
film financing book tops Rs 97 crore
Mumbai: With the latest loan sanction for Tinu
Verma’s film ‘Baaz-A Bird in Danger’, cumulative
sanctions of the IDBI under film finance has touched Rs
97 crore even as seven films are in various stages of
production, including three films from Rajshree banner
alone.
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Co-branded
cards: SBI, PSU banks may tie up
Mumbai: The country’s biggest public sector
commercial bank, State Bank of India, is considering entering
into credit card co-branding agreements with all those
public sector commercial banks who are yet to come out
with their own credit cards.
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Federal
Bank launches mobile alert service
Mumbai: Federal Bank, in its drive to have more
innovate technology-enabled products, has launched a comprehensive
mobile alert service. Customers would now receive SMS
alerts on transactions in their bank accounts on a realtime
basis.
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Indian
Bank, housing arm merger likely by next fiscal
Kolkata: Having achieved the restructuring plan
targets with the first tranche of Rs 1,300 crore from
the government, Indian Bank hopes to get the second soon
and plans to merge its housing subsidiary latest by next
fiscal.
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Bank
of India to focus on rabi crop loans
Mumbai: The bank would also focus on allied rural
activities such as cattle rearing, poultry, warehousing,
transportation, farm mechanisation, irrigation and marketing.
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Ernst
and Young to advise SBI on merchant acquisition biz
Mumbai: State Bank of India (SBI) is understood
to have appointed Ernst and Young as its consultant to
chalk out the roadmap for its foray into the `merchant
acquisition' business.
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Sundaram
Home to get Rs 25 cr from IFC
Chennai: Sundaram Home Finance (SHF) is to receive
the second tranche of Rs 25 crore from International Finance
Corporation (IFC), Washington in the next few days. IFC
had sanctioned Rs 50 crore loans for the company in April
this year.
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Housing
finance sector will grow 24 pc in 5 years
Mumbai: The housing finance sector will grow by
24.1 per cent over the next five years, predicts a research
study conducted by CRIS INFAC, a subsidiary of Crisil.
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Global
insurance body for setting up Indian chapter
Mumbai: The Million Dollar Round Table (MDRT),
an international association of international life insurance
and financial services professionals, has encouraged its
Indian members to form an association.
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Andhra
Bank launches electronic credit card
Hyderabad: In a move to reach out to the hitherto
untapped consumers, Andhra Bank has announced the launch
of the mass market MasterCard Electronic credit card programme.
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