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D/E
of 50 NBFCs up at 4.69 in ’01-’02
Mumbai:
The debt-to-equity ratio of select 50 nan-banking finance
companies was below five during 2000-01 and 2001-02.
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Corpn
Bank eyes 40 per cent retail loan book
Mangalore: Corporation Bank seeks to achieve a 40
per cent retail loan component in its total credit-book
within a span of two years.
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Canara
Bank not to use agents to recover NPAs
Bangalore: Even as a clutch of state-run banks have
already hired or are in the process of hiring independent
agents for seizing assets and to handle them post-seizure,
the Bangalore-based Canara Bank has decided to go ahead
without doing so.
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KVB,
UTI Bank to share ATMs
Karur: Karur Vysya Bank (KVB) and UTI Bank have joined
hands to launch a shared ATM (Automated Teller Machine)
network in India, aimed at offering the customers of the
two banks
the facility of using their combined networks.
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SBI
Life chooses AP as testing ground
Hyderabad: The benefits of second-generation financial
sector reforms being carried out by the Andhra Pradesh
Government have now attracted a private life insurance
player to experiment its schemes in the State on a pilot
basis.
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Lending/borrowing
scheme for G-secs under study
Mumbai: A scheme of Government securities lending
and borrowing is under examination. The Reserve Bank of
India and the Clearing Corporation of India Ltd are understood
to be working on it.
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