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RBI
sets minimum owned funds for ARCs at Rs 2 crore
Mumbai: The Reserve Bank of India has pegged the minimum-owned
funds at Rs two crore for registering a securitisation
and reconstruction company. The RBI said that it would
come up with the final guidelines shortly.
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Moody’s
ups ICICI Bank forex bond ratings
New Delhi: International rating agency Moody’s
Investors Service on Friday upgraded the long-term foreign
currency bond ratings of ICICI Bank to investment grade
‘Baa3’ from ‘Ba1’. The rating reflects
ICICI Bank’s financial strength.
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Vasavi
Co-operative Bank directors quit en masse
Hyderabad: Yet another co-operative bank in Andhra
Pradesh is facing a liquidity crisis. After last year’s
crisis at the Charminar Cooperative Bank, it is now time
for the Vasavi Co-operative Bank to reach a similar precarious
condition.
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Toyoto
Fin of US outsources systems management to TCS
Mumbai: Tata Consultancy Services (TCS) has bagged
an offshore maintenance contract from Toyota Financial
Services of the US.
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Cobwebs
gather on IRDA report — Pension reforms draw `life'
from OASIS
New Delhi: A pension reform thirsty Government appears
to have rushed to the OASIS (Old Age Social and Income
Security) to quench its thirst, leaving the Insurance
Regulatory and Development Authority (IRDA) high and dry
in the process.
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Max
NY Life's pension plan
Mumbai: Max New York Life on Friday launched `Easy
Life', a plan to help people meet their post-retirement
financial needs. The plan allows customer to choose his
retirement any time between 50 and 70 years of age through
threeannuity options that help him plan his monthly retirement
income.
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Syndicate
Bank loan offer for women
Kochi: To mark occasion of International Women's Day
on March 8, Syndicate Bank has announced that it will
be waiving service charges on fresh vehicle and consumer
durable loans taken by women under the `Synd Vahan' and
`Synd Suvidha' schemes.
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Dena
Bank's foreign currency loan plans
Mumbai: In pursuance of the recent RBI guidelines,
Dena Bank has introduced two new schemes to suit Indian
residents and non-resident Indians.
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ABN-Amro
to float MF
Mumbai: As part of its expansion plans in India, ABN-Amro
Bank will be floating a mutual fund, Rijkman Groenink,
Chairman, ABN-Amro Bank N.V., said on Friday.
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