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SBI
eyes no.1 slot in ATM networking with 3,450 units
Mumbai: State Bank of India will network 3450 ATMs
to become the country’s biggest single network in
anytime-anywhere banking, according to P N Venkitachalam,
managing director and group executive, SBI.
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HDFC
Bank plans to offer pension accounts
Mumbai: HDFC Bank on Tuesday became the first private
sector bank to be appointed as an additional disbursement
agency under the Employees Pension Scheme (1995) by the
Employee Provident Fund Organisation.
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Bajaj
Allianz collects Rs 206 cr premium in nine months
Mumbai: Bajaj Allianz General Insurance Company has
collected premiums worth Rs 206 crore for the first nine
months ended December 2002 and has settled 70,000 claims
amounting to Rs 75 crore, informed chief executive officer
Sam Ghosh after the launch of on-line marine certificate
facility.
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ING
Vysya Life launches critical illness cover
Mumbai: ING Vysya Life has launched "conquering
life critical illness plan", a total protection plan
combining a term life cover and a unique critical illness
benefit.
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Tata
Fin seeks shareholder nod for pvt placement
Mumbai: The board of Tata Finance Ltd (TFL) has sought
the approval of its shareholders for issuing cumulative
redeemable preference shares of up to Rs 200 crore on
a private placement basis.
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ICICI
PruLife premiums via Visa cards
Mumbai: ICICI Prudential Life Insurance Companyhas
announced that it has tied up with Visa, the leading payment
brand, to accelerate the payment process of insurance
premiums.
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Karnataka
Bank reduces rates on deposits
Mangalore: Karnataka Bank has reduced its interest
rates for domestic and NRE rupee term deposits with effect
from February 15. As per the revised rate structure, the
interest will remain at 5 per cent on domestic term deposits
for a period of 7 to 14 days (only for bulk deposits of
Rs 15 lakh and above) and 5 per cent for deposits in the
15-45 days category.
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Debt
tribunal initiates SPIC Petro asset sale
Mumbai: The Debt Recovery Tribunal (DRT) has appointed
a court receiver for sale of assets of SPIC Petrochemicals
Ltd, promoted by SPIC Ltd, the flagship of the A.C. Muthiah
group. The total outstanding amount due by the company
is Rs 1,100 crore which includes an amount of Rs 553 crore
due to Industrial Development Bank of India (IDBI) and
Rs 119 crore to State Bank of India.
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