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ICICI
Pru tops Rs 500-crore premium
New Delhi: ICICI Prudential Life Insurance has crossed
the Rs 500-crore premium income mark on March 31, having
issued nearly 3,50,000 policies, for
a sum assured of Rs 8,700 crore, since its inception.
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Kotak
Mahindra plans 75 branches in 3 years
Mumbai: The promoters of Kotak Mahindra Bank (KMB)
would reduce their stake in the bank during the next fiscal
to comply with the RBI stipulation of capping promoter's
equity at 49 per cent.
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Banks
want PLR floor kept at 10.5 per cent
Mumbai: Public sector banks have approached the Reserve
Bank of India for fixing a floor rate of 10.5 per cent
as the prime lending rate.
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Canara
Bank, CBoT in deal for bonds private placement
Mumbai: Bangalore-based Canara Bank has struck a structured
deal with Central Board of Trustees to privately place
its tier-2 bond issue for Rs 250 crore at 7.25 per cent.
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Hindujas
open to 74 per cent stake in IndusInd Bank
Mumbai: The Hinduja Group is open to the idea of increasing
its stake in IndusInd Bank to 74 per cent, according to
the bank’s executive vice-president, Jayanta Kumar
Basu.
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IndusInd
Bank bags ISO 9001:2000
Mumbai: IndusInd Bank has been awarded the ISO 9001:
2000 certification for all its branches in the 10th year
of its operations.
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GTF
proposes NPA act coverage for NBFCs in factoring &
forfaiting biz
New Delhi: Venkat Subramanian, chairman, Global Trade
Finance and MD, Exim Bank, has urged the Centre to bring
non-banking finance companies undertaking factoring and
forfaiting under the securitisation law, which has helped
the banking industry recover considerable dues from wilful
defaulters.
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Four
state-owned banks agree to share their ATM networks
New Delhi: Four state-owned banks — Bank of India,
Indian Bank, Syndicate Bank and United Bank of India —
on Wednesday entered into an agreement to share their
respectime ATM networks.
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Kalpatharu
Grameena Bank targets Rs 5-crore profit
Bangalore: The Kalpatharu Grameena Bank plans to wipe
out accumulated losses of over Rs 2.75 crore and make
a profit of Rs 5 crore this year.
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