|
Rupee
up 12 paise
Mumbai: The rupee ended at 44.75 against the dollar,
up 12 paise from the previous close.
Forwards - The six months forward closed at 0.65
per cent (0.58 per cent) and the one-year forward closed
at 0.61 per cent (0.60 per cent).
G- Secs - The 8.07 per cent 2017 paper opened at
Rs.123.80 and closed at Rs.123.85. The five-year benchmark,
the 11.99 per cent 2009 paper opened at Rs.131.85 and
closed lower at Rs.131.81.
Back
to News Review index page
Corporation
Bank and Bajaj Auto tie up
Mangalore: In a press release, the Corporation
Bank has said that the bank has entered into an agreement
with Bajaj Auto Ltd to offer finance for the company's
two-wheeler products.Those purchasing two-wheelers under
the Corp Mobile scheme can get finance up to 90 per cent
of the cost of the vehicle at 9 per cent interest for
a repayment period up to three years and at 9.5 per cent
for repayment period of five years.
Back
to News Review index page
Canara
Bank starts 'mahila banking' in Kerala
Thiruvananthapuram: Buoyed by the success of its
two 'mahila banking' branches at Bangalore and
Chennai, the Canara Bank will open its first 'mahila
banking' Branch
in Kerala at Pattom here on Friday. The fully computerised
branch, entirely managed by women staff, will identify
areas for financing women entrepreneurs and will cater
to their requirements in an integrated manner.
Apart from regular banking functions, the branch will
act as a centre for development for women offering facilities
such as a small library, credit related counselling, guidance
services and information about various schemes for women.
Back
to News Review index page
Bank
of Bahrain part of BANCS ATM network
Hyderabad: Bank of Bahrain and Kuwait (BBK) has
announced that it has joined the BANCS ATM network, a
network of 12 banks.In a press release here on Wednesday,
BBK said the new arrangement would share a network of
2,000 ATMs across the country. Eight more banks were shortly
expected to join the network, thus taking the total ATMs
in the network to 2,800. The major banks in the network
include UTI Bank, IDBI Bank, Bank of Maharashtra, Centurion
Bank, Central Bank of India and Cosmos Bank.
Back
to News Review index page
UCO
Bank bonds issue oversubscribed
Kolkata: UCO Bank has raised Rs.300 crore from
the capital market by way of private placement of unsecured
redeemable non-convertible subordinated bonds. The issue
wasoversubscribed and closed on Wednesday. The bonds,
rated AA by CARE, have a tenor of 111 months bearing a
coupon rate of 5.95 per cent payable annually. The bank
has the option to retain versubscription of Rs.50 crore.The
issue is to augment the bank's tier-II capital, strengthen
its capital adequacy and enhance the long-term resources,
according to a UCO Bank release.
Back
to News Review index page
IDBI
Bank bonds raise Rs.130 crore
Mumbai: IDBI Bank has raised Rs 130 crore through
non-convertible bonds priced at 6.5 per cent from the
corporate bond market to shore up its capital adequacy
ratio.The bond issue, with a green-shoe option of Rs.55
crore, was oversubscribed, said a press release from the
bank.
Back
to News Review index page
Federal Bank takes possession of
Ramco building
Chennai: Federal Bank has taken possession of a
pledged property in the city. Ramco Super Leathers had
borrowed the equivalent of Rs.12.75 crore in 1999 and
an additional Rs.3.17 crore in 2002, and had pledged it's
building in Chennai as security for the loan. With the
company unable to payback, the bank moved against the
borrower under the Securitisation Act and has taken formal
possession of the building.
Back
to News Review index page
|
