|
SBI
appoints consultants for regulatory compliance in US
Mumbai: The State Bank of India has appointed a consultant
in the US to modify reporting systems and set the business
process in line with the requirements of US regulators.
Back
to News Review index page
Uco
Bank IPO hinges on achieving car by fiscal-end, performance
Mumbai: The Kolkata-based Uco Bank is not sure of
the capital requirement even though it is planning to
enter the capital market with its first public issue sometime
in September 2003.
Back
to News Review index page
SBI
Life Insurance offers assured returns product
Mumbai: SBI Life Insurance Company has launched Lifelong
Pensions, a product with an assured return of 4 per cent
for the first seven years, to be revised later.
Back
to News Review index page
First
tranche of Rs 7,325 cr state govt loan sale on Feb 25
Mumbai: The first tranche of on-tap issue of market
borrowings worth Rs 7,325 crore by all the states will
be held on February 25 and the ten-year securities will
carry a coupon rate of 6.95 per cent, Reserve Bank of
India said.
Back
to News Review index page
IDBI
Bank's facility for corporates
Mumbai: IDBI Bank has launched a fund management product,
a totally outsourced solution for managing corporate payables.
The services offered under the product include cheque
writing, instant payment at over 500 locations across
the country, electronics payment uploads and anytime auto
reconciled management information systems.
Back
to News Review index page
GIC
can invest in foreign treasuries
Mumbai: General Insurance Corporation (GIC) has been
permitted to park fully foreign premium receipts abroad
and to invest in foreign government securities.
Back
to News Review index page
Rs
13,600-cr placement with RBI deferred
Mumbai: The private placement of debt worth Rs 13,600
crore by the Union Government with the Reserve Bank of
India announced in January-end to prepay debt worth $
2.8 billion has been deferred to a later date.
Back
to News Review index page
Monitor
country exposures on weekly basis, banks told
Mumbai: The Reserve Bank of India, in its guidelines
on country risk management, has asked banks to switchover
to real-time monitoring of country exposures by March
31, 2004.
Back
to News Review index page
HDFC
Bank's FD issue gets `highest rating'
New Delhi: The rating agency, Credit Analysis &
Research Ltd (CARE), has assigned a `CARE AAA (FD)' rating
to the fixed deposit programme of HDFC Bank.
Back
to News Review index page
UBI
to sell HDFC Mutual products
Mumbai: Union Bank of India (UBI) is targeting Rs
100 crore as fee-based income from various marketing and
distribution tie-ups, according to V. Leeladhar, CMD,
UBI.
Back
to News Review index page
SBI
may cut home loan rates for old clients
Mumbai: SBI board is meeting on Friday to consider
a cut in home loan interest rates for customers who had
borrowed at higher rates in the past.
Back
to News Review index page
MasterCard,
Visa join banks to boost direct debit usage
New Delhi: Banks and card issuing associations like
Visa and MasterCard are now evolving aggressive strategies
like acceptance development programme, usage promotion
and consumer awareness programmes to reverse the lacklustre
end usage of debit cards.
Back
to News Review index page
|
