Banking and Finance
LKB on the look out for foreign partner
LORD Krishna Bank (LKB) plans to rope in a foreign bank as a strategic partner by offering up to 20 per cent equity stake, the LKB Chairman, Mr. J. Kasivishwanathan, has said.

SBI launches Net banking facility
MUMBAI: State Bank of India (SBI) has announced the launch of `Online SBI', an account browsing facility available on the Internet, commencing from August 1 and targeted at retail customers. The facility is mainly available in eight branches _ the four N RI branches in the metros, the personalised banking branches in New Delhi and Bangalore, besides two other branches in Mumbai.

Near-term liquidity seen tight
BOTH liquidity and market sentiment are likely to be unfavourable in the near term, according to the debt markets update from ICICI Securities (I-Sec).

`Andhra Bank in no hurry to enter market'
ANDHRA Bank is one of the public sector banks expecting to make its capital market debut later this year. Mr. B. Vasanthan, Chairman and Managing Director, who spent the major part of his banking career in Syndicate Bank, is conscious that the market moo d is not favourable at the moment.

Banks get a rough deal
NONE can match RBI's munificence in defaulting Indian corporates, going by the latest Guidelines for NPA Recovery which have been worked out in consultation with the Finance Ministry.

RBI issues NPA settlement norms
THE Reserve Bank of India has issued ``a simplified, non-discretionary, and non-discriminatory set of guidelines for compromise settlement of non-performing assets (NPAs) up to Rs. 5 crores'' for uniform implementation by banks, a press release issued by the Indian Banks' Association (IBA) said.

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