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IBA
agrees to take up staff unions’ demands on March
29
Kolkata: Indian Banks’ Association has put forward
its agenda before the unions, including unlimited computerisation
without interference from unions, redeployment of staff
without any limitations, and rationalisation of functional
allowances, instead of taking up charter of demands of
employees’ unions.
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ADB
to invest $7.5 billion in India over three years
New Delhi: Asian Development Bank, a subsidiary of
the World Bank, is looking at investment opportunities
in sectors like inland waterways, agro-processing including
irrigation in India.
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Bajaj
Allianz on course to post profit in Ist year of ops
Mumbai: Bajaj Allianz General Insurance Company Ltd
is on its way to make profits in its first full year of
operations. Kamesh Goyal, managing director, Bajaj Allianz,
said the company would be ending the year with a premium
income of over Rs 285 crore.
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Credit
Policy on April 29
MumbaiI: The Reserve Bank of India will announce the
Monetary and Credit Policy for 2003-04 on April 29.
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Nabard
should go for direct lending
Mumbai: A World Bank team is in talks with Nabard
(National Bank for Agriculture and Rural Development)
to extend a line of credit to fund micro-finance initiatives
such as the SHG-Bank Linkage Programme.
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Banks
allowed to set up more offshore units
Mumbai: The Reserve Bank of India has said that banks
may set up more than one Offshore Banking Unit (OBU) as
long as they are not in the same special economic zone
(SEZ).
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Corpn
Bank's archives plan
Mangalore: The Mangalore-based Corporation Bank has
decided to have its own archives depicting its 97-year
history. The collection to be built up for the archives
hopes to cover the entire history of the bank from its
beginnings in Udupi in 1906
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Federal
Bank Tier-II issue fully subscribed
Kochi: Federal Bank's issue of unsecured, non-convertible
bonds in the form of subordinated debt for its Tier-II
capital has been fully subscribed, collecting Rs 150-crore
in the process.
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ICICI
move to take over SPIC assets futile
Chennai: The SPIC Chairman, A.C. Muthiah, has termed
ICICI's plans to take over the assets of his company's
PTA and PFA projects as a 'futile exercise' .
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