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Federal
Bank plans acquisitions from 2004-2005, to hike CAR
New Delhi: Federal Bank, one of the old generation
private sector commercial banks, has decided to go for
acquisition of other banks from 2004-05.
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IFC
to sanction Rs 60 crore loan for Dewan Housing Fin
New Delhi: The board of International Finance Corporation
(IFC), the private financing arm of the World Bank, has
approved the sanctioning of a Rs 60 crore long-term assistance
facility to Dewan Housing Finance Corporation Ltd, to
expand the latter's housing finance operations in the
country.
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United
India consortium receives ONGC account
Mumbai: The public sector United India Insurance Company
Ltd, along with a consortium of other three public sector
insurers, has bagged the mandate for underwriting the
Oil and Natural Gas Corporation's $14 billion (approximately
Rs 70,000 crore) on-shore and off-shore assets.
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Last
tranche of Kerala loan issue today
Mumbai: The Reserve Bank of India will raise the last
tranche of Kerala Development Loan for 2002-2003 on Wednesday
through tap issue. This is for debt-swap with the government
of India, a state government release here said.
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A.V.
Birla group open to banking foray
Mumbai: The A V Birla group will consider a foray
into banking if the regulatory environment becomes friendlier.
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Banks
told to follow norms on forex revaluation
Mumbai: The Reserve Bank of India (RBI) has directed
commercial banks to comply with its norms on reporting
revaluation of foreign currency assets and liabilities.
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Corpn
Bank upbeat on home loans
Mangalore: Corporation Bank, which has been aggressively
marketing its housing loan products in the past few years,
is all set to reach its targeted growth of 140 per cent
in the disbursal of home loans during the current fiscal
year.
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Kotak
Mahindra gets RBI okay for bank posts
Mumbai: The Reserve Bank of India has approved the
appointment of the top posts in the new private sector
Kotak Mahindra Bank. The bank is expected to start operations
before March 31.
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New
directors for Andhra Bank
Hyderabad: Andhra Bank informed the stock exchanges
on Tuesday that its shareholders at their extraordinary
general meeting (EGM) held on March 10 had elected four
directors.
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