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Euronet,
IDBI Bank tie up to set up ATM network
Mumbai: Electronic financial services solutions provider
Euronet Worldwide, which is planning to kick off its commercial
operations next month, has bagged the order from IDBI
Bank for increasing its network of automated teller machines
network from 250 to 450 and their operation and maintenance.
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StanChart
puts Grindlays building on the block, may fetch Rs 100
cr
Mumbai: The 135-year old Grindlays Building on 90,
MG Road in Mumbai, may soon have a new owner. Standard
Chartered Bank, which is the present owner, following
its acquisition of the Grindlays operations of the ANZ
Banking Group in April ‘00, has put the building
up for sale.
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Fresh
IRDA norms on referral pacts
Hyderabad: The Insurance Regulatory and Development
Authority (IRDA) has announced new guidelines for life
insurers, superseding the earlier ones on referral business
agreements of insurance players with banks for selling
products through their branches.
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Insurance
staff want mediclaim arbitrators to go
Kochi: The General Insurance Officers All-India Association,
Kerala unit, has demanded withdrawal of the appointment
of private third-party administrators for settlement of
mediclaim insurance. The association at its State conference
said that already six per cent increase has been made
in the mediclaim premium.
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Repo
widening seen linked to call money curbs
New Delhi: The Reserve Bank of India's (RBI) decision
to allow ready-forward (repos) contracts in Government
securities to be undertaken by all non-banking institutions
holding gilt accounts with banks or primary dealers (PD)
is being seen as linked to the proposal to phase out their
participation in the call money market.
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SBI
to offer new foreign currency account
Mumbai: Following the Reserve Bank of India relaxation
permitting residents to maintain foreign currency accounts
in November, State Bank of India is to offer the `Resident
Foreign Currency (Domestic) Account'
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