|
PFC,
consortium in deal for 12-bn Yen ECB
New Delhi: The state-run Power Finance Corporation
on Monday inked a facility agreement with SBI, RZB Austria,
Norin Chukin Bank, Singapore, SBI International, Mauritius
and Syndicate Bank for raising an external commercial
borrowing of 12 billion yen (Rs 480 crore).
Back
to News Review index page
BoI
to set up representative office in China
Mumbai: Bank of India on Monday said it will be
opening a representative office at Shenzen, China, tentatively
on January 20, 2003 and has prepared a blueprint for business
expansion in other countries.
Back
to News Review index page
HMA
Soft finishes Swadhan makeover
Chennai: The Chennai-based HMA Software has completed
a project intended to shift Indian Banks’ Association’s
‘Swadhan’ network of ATMs to a more efficient,
multi-channel enabled open architecture-based system called
‘Oasis’.
Back
to News Review index page
ICICI
Bank to offer resident foreign accounts in 4 currencies
Mumbai: ICICI Bank has become the first domestic
bank to launch a resident foreign currency account. Resident
Indians can now open accounts with ICICI Bank to maintain
funds in four foreign currencies Pound Sterling, US Dollar,
Yen and Euro.
Back
to News Review index page
Tata
AIG unveils Student Guard policy
Mumbai: Tata-AIG General Insurance has launched
‘Student Guard’, a specially designed travel
insurance plan for Indian students going overseas for
higher studies.
Back
to News Review index page
Flexcube
for Kosovo bank
Bangalore: i-flex Solutions Ltd has announced that
Banking and Payments Authority of Kosovo, which functions
as a central bank in Kosovo, has selected its flagship
product Flexcube to centralise its banking operations.
Back
to News Review index page
Nabard
aid for States to touch Rs 18,000 crore
Mumbai: The National Bank for Agriculture and Rural
Development has so far disbursed Rs 15,000 crore under
its Rural Infrastructure Development Fund (RIDF) this
year.
Back
to News Review index page
Life
insurance cos to follow code of conduct from Jan
Coimbatore: The `Code of Good Conduct' for the
life insurance industry, that was approved at the Life
Insurance Council meeting of December 16, is expected
to be notified by the IRDA next month, industry sources
say.
Back
to News Review index page
Kotak
Mahindra Bank launch by March
Mumbai: Kotak Mahindra Finance Ltd is likely to
start operations as Kotak Mahindra Bank Ltd during February-March
2003, according to the company's Executive Director, C.
Jayaram.
Back
to News Review index page
UTI
Bank raises Rs 93 crore through bonds
Mumbai: UTI Bank has made an allotment of subordinate
debt (Unsecured redeemable non-convertible debentures)
on private placement basis aggregating Rs 93.1 crore (including
green-shoe option of Rs 43.1 crore) as the Bank's Tier-II
capital.
Back
to News Review index page
SBI
plans treasury group synergy
Mumbai: State Bank of India, its associates and
subsidiaries are planning to bring in synergies in their
treasury operations soon.
Back
to News Review index page
Madras
Motor seeks time to settle dues
Chennai: The Madras Motor Sports Trust, whose properties
have been seized by Indian Bank against dues of Rs 16
crore, has requested the bank to give it some more time
to pay up, it is learnt.
Back
to News Review index page
KSFC
to seek expert advice on NPAs
Bangalore: The state-owned term lender, Karnataka
State Finance Corporation (KSFC), is likely to appoint
an external expert to advise on its proposed asset recovery
and asset management wings, according to Government sources.
Back
to News Review index page
BoB
unveils debit card
Mumbai: Bank of Baroda has launched its international
debit card in association with Visa International. The
card will target two million cardholders in three years
and will be accepted at over 10 million merchant locations
and 8,00,000 Visa ATMs centres.
Back
to News Review index page
|
