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ICICI
Bank plans to sell Mumbai suburb property
Mumbai: ICICI Bank has put its residential property
at Malad on the block as it is looking at relocating its
employees close to its head office at Bandra-Kurla complex.
The bank had recently sold its residential property at
Sion.
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HDFC
Bank ’02-03 net up 30 per cent to Rs 388 crore
Mumbai: HDFC Bank has reported a rise of 30.48
per cent in net profit to Rs 387.60 crore for 2002-03
from Rs 297.04 crore in 2001-02.
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LIC
alone to receive interest subsidy for pension scheme
New Delhi: Government has thumbed down requests
by private insurers for interest subsidy grants on pension
schemes, only promising it to life insurance corporation’s
’varistha pension bima yojana’ proposal, assuring
a hefty 9.0 per cent return.
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Investsmart
renamed; to expand scope
Mumbai: Investment India Ltd,India Ltd, the broking
outfit, today announced that it has been renamed IL&FS
Investsmart Ltd and has expanded its business to offer
merchant banking, project syndication and institutional
equity and debt broking among other services.
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ICICI
Home Fin PTC gets AAA
Mumbai: Credit rating agency, Crisil, has assigned
"AAA(so)' to ICICI Home Finance Company Ltd's Rs
104.53 crore senior residential mortgage-backed pass through
certificates.
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Infosys
gets top rating
New Delhi: ICRA, the credit rating agency, on Tuesday
announced that it has assigned the highest rating to corporate
governance practices of Infosys Technologies, the Bangalore-based
software major. It has been given a `CGR1' rating on a
scale of CGR1 to CGR6.
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Good,
bad & ugly
New Delhi: The experts in the Ministry of Finance
have all but signed the coroner's report — that the
Industrial Finance Corporation of India (IFCI) `be split
down in the middle'.That would normally mean IF and CI,
but they want to keep all `good' in one and push the `bad'
into the second.
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Dattasayi
assets to be auctioned for debt recovery
Hyderabad: The Debt Recovery Tribunal (DRT) located
at Visakhapatnam has issued orders auctioning the assets
of the Prakasam-based Sri Dattasayi Industries Ltd, for
the recovery of dues of State Bank of India's Ongole branch.
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RBI
data shows 19 per cent Y-o-Y credit growth by Dec 2002
Mumbai: All scheduled commercial banks together
with regional rural banks have achieved a 19.27 per cent
growth in credit disbursals year-on-year for the period
ended December 2002 to touch Rs 6,96,716 crore, while
deposits have witnessed a rise of 18.17 per cent during
the period to touch Rs 12,06,620 crore.
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