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Crisil
sees PSBs' profits down 40 per cent by '06 as spreads
decline
Mumbai: Public-sector banks (PSB) better note this.
The Credit Rating and Information Services of India has
said that over the next four years, PSBs may see an over
40 per cent drop in profitability because of the decline
in spreads on their investment portfolios.
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Crisil
estimates market for potential securitisation at Rs 60,000
crore
Mumbai: The Credit Rating Information Services of
India on Tuesday said that it estimates the local banking
system has assets of about Rs 60,000 crore that can be
potentially securitised.
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HDFC
Bank in parleys with civic bodies for card payment
Mumbai: HDFC Bank, one of the new generation private
sector commercial banks, is holding talks with the municipal
authorities in Karnataka and Punjab for enabling utility
services payments through HDFC Bank credit and debit cards,
according to the bank's executive director, Vinod Yennemadi.
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ICICI-Pru
grabs 73 per cent of pvt pensions mart
New Delhi: ICICI Prudential Life Insurance on Tuesday
claimed that it had captured 73 per cent of the local
private sector pensions market as of January 2003.
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Canara
Bank eyes Rs 20 cr income via insurance hawking
Mumbai: Canara Bank is targeting fee-based income
of Rs 20 to 25 crore during the first year of its distribution
of insurance products of Aviva Life Insurance.
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IDBI
Bank home loans come with durables, job loss cover
Mumbai: IDBI Bank has tied up with Bajaj Allianz General
Insurance to offer unemployment insurance cover, along
with its housing loans.
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Union
Bank plans insurance cover for clients
Mumbai: Union Bank of India is planning to unveil
value-added insurance scheme for its customers. The bank
is planning to offer a group insurance cover for its depositors
and a loan cover term assurance plan for its borrowers.
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StanChart
launches `Parivaar'
Mumbai: Standard Chartered Bank has introduced family
savings account under the name Parivaar. According to
the bank, this account provides a wealth management package
with insurance and investment services.
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Replacement
for IDBI as mutual fund partner - Principal Group in talks
with PNB
New Delhi: In what could lead to yet another major
reorganisation in the mutual fund industry, the Principal
Financial Group has opened up negotiations with Punjab
National Bank for an equity tie-up for its asset management
company .
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SBT
offers one-time settlement of NPAs
Thiruvananthapuram: State Bank of Travancore has evolved
a one-time settlement scheme for recovery of dues in respect
of outstanding balance of non-performing assets not exceeding
Rs 10 crore as on March 31, 2000.
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