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Online
clearing will hit banks hard
Mumbai: The yet-to-be implemented, real time online
clearing system, will drive down margins of banks, said
bankers at the Bank Economists' Conference.
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UTI
Bank opens `highest' ATM in Sikkim
Mumbai: UTI Bank today inaugurated its ATM at Thegu,
near the Nathula Pass in Sikkim, which at 13,200 feet
is the highest ATM in India.
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KMB
promoters to wait & watch on stake dilution
Chennai: Kotak Mahindra Bank's promoters, the Kotak
Mahindra group, want to wait for the evolution of the
policy regarding ownership of banks to take a decision
on diluting their stake in the bank.
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