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Big
firm proposes to UTI Bank
New Delhi: A large corporate house is understood
to have shown interest in making an investment in UTI
Bank, which is currently negotiating with a string of
investors for an equity placement.
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Sidbi
may hive off micro credit arm
Mumbai: Small Industries Development Bank of India
has proposed to hive off its micro redit arm, Sidbi Foundation
for Micro Credit, as a separate entity, according to P
B Nimbalkar, chairman Sidbi.
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ICICI
Bank goes mobile with ATMs
Mumbai: In a first of its kind, ICICI Bank on Thursday
launched ‘ATM On Wheels’. The mobile ATM will
initially be stationed at four specific locations at fixed
hours in the western suburbs of Mumbai.
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Corporation
Bank gets RBI nod for insurance foray
Mangalore: Corpo-ration Bank is set to enter insurance
business for which it received the approval of the RBI
on Wednesday. Bank chairman and managing director K Cherian
Varghese told mediapersons that the bank would soon market
LIC products.
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Exim
Bank to boost trade with Mauritius
Mumbai: Exim Bank and the Board of Investment of
Mauritius have joined hands to facilitate and enhance
bilateral investment and trade relations between two countries.
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Corporation
Bank to host home loan fair
Kochi: In a bid to boost its presence in the home
loan segment of Kerala significantly, Corporation Bank
will be organising a Home Loan Fair in the city on December
20-21.
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Loan
scheme from Birla Home Finance
Mumbai: Birla Home Finance Ltd, part of the Rs
4,500-crore K.K. Birla group, has launched its `Easy Home
Loan Deposit Scheme', linking deposits with loan.
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UTI
Bank opens ATM in Coimbatore
Coimbatore: The 9th ATM of UTI Bank was activated
at Palladam near Coimbatore on Wednesday. According to
a release, the bank is planning to double its ATM network
across the country from the current 690 during the current
fiscal.
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Federal
Bank plans own premises in Kozhikode
Kochi: The Aluva-based Federal Bank plans to construct
its own multi-storied building in Mavoor Road, Kozhikode.
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RBI
asks lenders to take ownership rights of defaulting corporates
Hyderabad: The Reserve Bank of India (RBI) has
advised banks and financial institutions, as a part of
better management of non-performing assets (NPAs), to
retain ownership rights over the errant corporate entities
by way of getting control over the shareholdings of promoters.
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Delhi
HC rejects Mardia Chem plea to block lenders
New Delhi: The Delhi High Court has rejected a
writ petition of Mardia Chemicals attempting to block
lenders from taking over its assets. A two-judge Division
Bench of the court also imposed a penalty of Rs 25,000
on the company.
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