ICICIdirect plan to reach remote areas
New Delhi: ICICIdirect.com, online trading service from ICICI, has launched `DirectLink', which seeks to provide trading access to remote parts of the country through a local partner.
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Insurers, PFs active in bond markets
Mumbai: Bond markets remained firm, with the Reserve Bank of India reiterating its commitment to a soft interest rate regime. The ten-year yield to maturity (YTM) on a weighted average basis ended the week at close to 6.24 per cent.
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Banks told to form task force for risk-based internal audits
Mumbai: The Reserve Bank of India has asked banks to form a task force to put in place risk-based internal audit systems. The central bank has, in its finalised guidelines issued on December 28, also asked banks to submit to it a quarterly audit policy reports.
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BOB Cards ties up with Cholamandalam
Mumbai: BOB Cards, a subsidiary of Bank of Baroda, and Cholamandalam Investment and Finance Company have announced a tie-up to issue co-branded credit cards to Cholamandalam's vehicle finance customers.
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Bank loan disbursals below target in Dakshina Kannada
Mumbai: Banks have disbursed crop loans to the tune of Rs 86.60 crore during the first six months of the year, registering an achievement of 89 per cent.
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Bank credit up Rs 1,652 crore
Mumbai: Bank credit increased by Rs 1,652 crore to touch Rs 6,84,042 crore for the fortnight ended December 13, 2002, as compared to Rs 6,82,390 crore in the previous half-month.
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