ICICI Bank combine in a spot
Mumbai: A Consortium led by ICICI Bank seems to be in a spot over a multi-crore exposure in two private floating dry docks , one at Chennai port on the east coast and the other at Goa on the west.

The lenders appear to be in a tighter fix over the Chennai dock unit, which comprises two floating docks, set up by the Jagdish Chokhani-promoted Chokhani group about 10 years ago.
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Brokers to move court over IRDA move on lowering fees
New Delhi: The seven-year existence of the Insurance Regulatory and Development Authority sans any legal tangle is set to end soon with the insurance broking community contemplating to take the insurance regulator to the court to settle the issue of alteration of commission structure.
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Jalan cautions against short-term ECBs
Mumbai: The Reserve Bank of India Governor, Dr Bimal Jalan, has cautioned against unlimited access to short-term external commercial borrowing to meet working capital and other domestic requirements.
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Syndicate Bank not for fresh VRS
Hyderabad: In an interesting reversal of trend among the public sector banks, the Manipal-based Syndicate Bank has decided not to offer fresh voluntary retirement scheme. This despite having identified a maximum of 3,000 out of around 26,000 employees currently working in its 1,749 branches surplus.
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Corporation Bank ties up with ECGC
Coimbatore: Corporation Bank and ECGC have signed an agreement for a corporate agency tie-up.
The bank has in the recent past developed a number of relationships - corporate agency tie-up with Life Insurance Corporation of India (LIC) and ECGC and for sharing of ATM with Karnataka Bank, Oriental Bank of Commerce, Dena Bank and Bank of Rajasthan.
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