|
Kotak
Mahindra Bank sells 11 per cent stake in Fascel
Mumbai: Kotak Mahindra Bank has sold its 11 percent
holding in Fascel, the cellular service provider in Gujarat,
for a sum of Rs 92.4 crore to Usha Martin Telematics Limited.
Back
to News Review index page
Naidu
plans steps to boost confidence in urban co-ops
Hyderabad: In a bid to prevent run on-deposits and
win the confidence of depositors in various urban cooperative
banks in the state, the Andhra Pradesh government has
proposed wider publicity to success stories in the cooperative
sector.
Back
to News Review index page
Union
Bank to hike non-interest income to cover 100 per cent
non-interest expenditure
Mumbai: Union Bank of India has embarked on a plan
to raise the non-interest income level to cover 100 per
cent of its non-interest expenditure, including salaries,
so that the entire interest income would add to profit.
Back
to News Review index page
Kochi
traders protest move to merge clearing houses
Kochi: A protest march was organised on Wednesday
in Fort Kochi by the action council led by the Indian
Chamber of Commerce against the shifting of Kochi clearing
house currently functioning in the SBI at Kalvathi, Fort
Kochi, to Ernakulam.
Back
to News Review index page
Birla
Mutual plans swap offer
Mumbai: Birla Sun Life Mutual Fund has proposed to
offer retail investors a mechanism for exchanging bonds
for more liquid securities subject to certain conditions.
The fund house has sought the Reserve Bank of India's
permission for the scheme.
Back
to News Review index page
Kerala:
SBI staff up in arms against `clean notes'
Kochi: The State Banks' Staff Union (Kerala Circle)
has threatened to launch a strike to protest the implementation
of the `clean note' scheme till such time as the management
initiates effective back-up mechanism to protect the interests
of both the staff and customers.
Back
to News Review index page
Honda
launches co-branded card
New Delhi: Hero Honda, India's largest two-wheeler
maker, and SBI Cards, a joint venture between State Bank
of India and GE Capital to issue credit cards, on Thursday
launched a co-branded credit card for the former's customers.
Back
to News Review index page
Talwar's
Sabre to take over Centurion
Mumbai: Sabre Capital Worldwide, promoted by former
Standard Chartered CEO, Rana Talwar, is all set to take
over management control of the ailing Centurion Bank.
The Sabre Capital investor group will invest Rs 129 crore
to acquire 48 per cent stake in the bank.
Back
to News Review index page
|
