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Saturday, August 28, 2004

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MONEY & BANKING

FINANCIAL SERVICES
Diebold sees 25 pc growth in managed services biz
WITH the demand for ATMs expected to grow by 5000 annually, Diebold Systems expects the contribution from its managed services business to increase to 25 per cent of its overall revenues by next year. The company already has a market share of ... More

AWARDS & HONOURS
Corporation Bank bags award
CORPORATION Bank has won the "Best Bank Award for Delivery Channels" from the Institute for Development and Research in Banking Technology (IDRBT). A bank release said here that the Governor of Reserve Bank of India, Dr Y.V. Reddy, presented ... More

FOREX
Securities rally; rupee in range
MUMBAI: Bond prices rallied by over one rupee across maturities on Friday, as the inflation figures for the week-ended August 14 came in at 7.94 per cent, as against 7.96 per cent in the first week of August. Dealers said although some ... More

LIFE INSURANCE
Bajaj Allianz in pact with I Guru
BAJAJ Allianz Life Insurance Company Ltd has tied-up with I Guru, the self study online portal for insurance agents' training developed by C&K Management, according to a press release by the latter here. The release said the Insurance ... More

GENERAL INSURANCE
SMS facility from E-Meditek
NEW DELHI: E-Meditek Solutions Ltd (EMSL), a third party administrator (TPA) in the health insurance sector, has introduced SMS (short messaging services) facility for enquiries on health insurance claims and status of identity cards. ... More

KSFC inks pact with IFFCO
BANGALORE: The Karnataka State Financial Corporation (KSFC) has signed the corporate agency agreement with IFFCO Tokio General Insurance to further strengthen marketing non-life products. KSFC had diversified its activity into ... More

RBI & OTHER CENTRAL BANKS
RBI prescribes norms for loans against NRI deposits
A copy of the passport of NRI should also preferably accompany the application for loan against NRI deposits. More

PRIVATE BANKS
Dhanalakshmi Bank goes RTGS
KOCHI: The Thrissur-based Dhanalakshmi Bank has gone live on RTGS (real time gross settlement) for inter-bank transactions. Mr T.R. Madhavan, Managing Director and Chief Executive Officer, Dhanalakshmi Bank, said, "By introducing RTGS, ... More

TMB extends working hours
MADURAI: TAMILNAD Mercantile Bank has extended its business hours by an hour and half. The bank has also taken several initiatives to improve service to its customers. ... More

GOVT BONDS
Karnataka: Borrowing via SPVs to exceed Rs 2,000 cr
KARNATAKA'S borrowing through special purpose vehicles (SPV) for the current fiscal year is estimated to be in excess of Rs 2,000 crore this year. High-level officials said that the larger borrowing estimates were on account of the incremental ... More

MERGERS & ACQUISITIONS

  • CARSL becomes Cholamandalam arm

    EVENTS
    `Banking sector heading for consolidation'
    THE Indian banking sector is heading for a consolidation but the existing banking regulatory framework in the country ensures that there is little room for banks' failures, Mr M. Damodaran, Chairman and Managing Director of the Industrial ... More

    IPOS
    Indiabulls sees consolidation in financial market
    INDIABULLS Financial Services Ltd, which is going public on September 6, is expecting major consolidation in the Indian financial market over the next two to three years. In future, the top few players will account for almost 80 per cent of ... More

    CO-OPERATIVES
    Rising gilt yields: Urban co-op banks want RBI's intervention
    EVEN as the Reserve Bank of India grapples with ways to ease the impact of rising yields on commercial banks, another major segment of the financial sector is craving for the central bank's attention on the same count. The Urban Cooperative ... More


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    Top Stories
    Pharma units seek duty sops for R&D


    Pharma, biotech the new draw for overseas Indians

    Rubber export subsidies may be slashed 50 pc

    World Bank lending to India may go up to $3 b

    RBI prescribes norms for loans against NRI deposits

    Hopes on end to truckers' strike

    Inflation dips to 7.94 pc; vegetable prices soar

    Penicillin makers curtail production — Fall in prices of end products

    Looking back
    Aug. 15-Aug. 21
    DCA to crack down on errant promoters, directors of NBFCs — Plans 'full-fledged inspection' of books

    Nagging fears over `safety'

    IA rules out immediate hike in fares — Launches co-branded card

    GTB turnaround in 12-18 months: Narang

    FCI bond market foray on hold

    Sticky loan swapping under lens

    Illiquid stocks turning active


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