Iffco to set up co-op bank for farmers
New Delhi: As part of its diversification exercise, Indian Farmers Fertiliser Cooperative Ltd proposes to set up a co-operative bank in the rural area.
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PNB to acquire 26 per cent in IFCI ARC for
Rs 1.3 cr
New Delhi: Punjab National Bank has decided to subscribe to 13,00,000 equity shares of Rs 10 each of Asset Care Enterprise Ltd, an assets reconstruction company to be floated by Industrial Finance Corporation of India.
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Kerala Banks’cd ratio perk up 2 per cent
Kochi: After a long period of stagnation, credit-deposit ratio of
commercial banks in Kerala has gone up by two per cent in six month period, state-level bankers’ committee, which met here on Friday has observed.
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Three bids shortlisted for Indonesia’s Bank Danamon
New Delhi: Indonesia’s Bank Restructuring Agency said on Friday three bids had been shortlisted — including one foreign consortium — for a majority stake in the country’s fifth-largest bank, Bank Danamon.
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Lloyds Fin fails to pay depositors
Mumbai: It has been a never-ending wait for Lloyds Finance fixed deposit holders' in getting back their investment. The company does not seem to be implementing the directions issued by the Company Law Board (CLB) on repayment of deposits. The company does not seem to be implementing the directions issued by the Company Law Board (CLB) on repayment of deposits.
The company paid its depositors the first instalment of the rescheduled amounts after a delay of over 6 months. After that, no payments have been made.
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