Vijaya Bank's tom-tom makes an impact
Hyderabad: Vijaya Bank preferred to adopt the social pressure method before resorting to taking the legal measure and pressed into service its staff from respective branches to the defaulters' premises.
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Pvt companies garner 9 per cent of new life insurance biz
New Delhi: Life seems to be happier for everybody in the life insurance business with the 12 brand new private sector life insurance companies together cornering around 9 per cent of the total individual new business, measured terms of total insured amount (sum assured) during the period April-September 2002.
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IDBI calls for lenders meet to consider Binny asset sale
Mumbai: The IDBI has called a meeting of all the secured creditors during the last week of December to consider a proposal to sell 1,260 grounds of land belonging to the ailing southern textile giant Binny Ltd.
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SBI plans treasury-ALM system to streamline ops
Mumbai: State Bank of India (SBI) is planning to come up with a world class comprehensive treasury and asset-liability management (ALM) system by August-September next year as part of efforts to streamline its operations.
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ICICI Bank unveils Rs 145-cr asset-backed debt issue
Mumbai: ICICI Bank has for the first time launched a debt offering of asset backed security. The bank has come out with a Rs 145-crore of securities backed by its auto loans and construction equipment finance loans which are being sold through the book-building route on ICICI Bank's e-business' Website.
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