Central Bank drive to modernise branches
Chennai: The Central Bank of India would complete the modernisation of all its branches in the next five years, according to J.C. Bandopadhyay, General Manager, Chennai Zone.
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SBI plans group connectivity
Mumbai: State Bank of India (SBI) has announced its decision to have a common technology platform with its associates to leverage the `synergies' of the group.
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Bond market's free fall just a blip
Mumbai: The bond market went into a tizzy last week as the date for the submission of the arms inspectors' report to the UN came closer. I was surprised to see the market, which had shown amazing resilience in the past, in a complete freefall.
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RBI okays Rs 770-cr recap to Indian Bank
Mumbai: All hurdles towards administering the second dose of capital infusion to Indian Bank this year has been removed with the Reserve Bank of India giving its clearance to the Government for the release of the second tranche of recapitalisation assistance of Rs 770-crore.
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Andhra Bank EGM on March 10 - To return Rs 50 cr to Govt this fiscal
Hyderabad: In a move that would result in better earnings per share and return on average equity, Andhra Bank, the Hyderabad-based public sector bank, proposes to return Rs 50-crore capital to the Government.
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UBI revises deposit rates
Mumbai: United Bank of India (UBI) has revised rates of interest on domestic term deposits of various maturities and also on NRE term deposits. The revised rates will come into force from January 27.
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