ICICI Bank to issue Rs 400-crore Bond
Mumbai: ICICI Bank on Wednesday, announced the first public offering of unsecured redeemable bonds in the nature of debentures aggregating Rs 400-crore with a right to retain oversubscription of up to Rs 400 crore called ‘ICICI Bank Bonds - January 2003’.

The bonds are being issued under the umbrella prospectus approved by the Securities and Exchange Board of India (Sebi) for the year 2002-2003.
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Corporation Bank To Seek RBI Nod For Tax-free Bonds Issue
Mumbai: Corporation Bank is planning to seek the Reserve Bank of India (RBI) nod for issue of tax-free bonds, taking cue from ICICI Bank, which has got the apex bank’s nod for raising Rs 2,500 crore over the next one year, with a greenshoe option for the same amount.
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Vijaya Bank, LIC In Pact To Offer Cover To Deposit-holders
Mumbai: Vijaya Bank has tied up with Life Insurance Corporation of India (LIC) to offer life insurance cover to all its existing as well as new deposit- holders. Under the scheme ‘Vijaya Raksha’, deposit holders of the bank will get a life cover of Rs one lakh for a annual premium of Rs 325 (for the age-group 18 to 44 and half years).
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KMFL Shareholders Okay Change In Authorised Capital To Rs 100 Crore
Mumbai: The shareholders of Kotak Mahindra Finance Ltd (KMFL), at an extraordinary general meeting held recently, approved the proposal to change the company’s name to “Kotak Mahindra Bank Ltd”. The shareholders also cleared proposals to change authorised capital to 100 crore divided into 10 crore shares of Rs 10 each was also approved by shareholders and articles of association and memorandum of association.
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India Insure gets broking licence
India Insure Risk Management Services Pvt Ltd, specialising in insurance services, has said that it has received in-principle approval from the Insurance Regulatory and Development Authority (IRDA) for setting up operations as an insurance broker.
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Over 180 Corpn Bank officers opt for VRS
Mumbai: Over180 officers of Corporation Bank have opted for the bank's first voluntary retirement scheme. When most other public sector banks had offered a VRS about two years ago, Corporation Bank did not go for it. "We wanted to assess the number of superfluous staff in the bank before going in for one,'' said a senior bank official.
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Bank Of India Launches Mobile ATM In Mumbai
Bank of India (BoI) on Wednesday launched its mobile ATM (automated teller machine) service in Mumbai. The service, first of its kind launched by a state-owned bank, will be available for the customers in the posh localities at south Mumbai.
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LIC Housing Fin launches project for elderly
Mumbai: LIC Housing Finance Ltd has launched its latest venture `LIC HFL Care Homes' whereby residential complexes will be built especially to cater to the needs and comforts of the senior citizens.
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