• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

THIRUVANANTHAPURAM: The Leader of the Opposition in the State Assembly, Mr V.S. Achuthanandan, has urged the State Government to initiate urgent measures to block `attempts' by the ICICI Bank to take over the Aluva-based Federal Bank.

In a statement here, Mr Achuthanandan said the takeover would hurt the interests of the rural economy of Kerala, as the operations of Federal Bank were concentrated in the rural areas of the State. Around 40 per cent of its branches were located in rural areas as against the nine per cent of nationalised banks. Federal Bank also had a better credit-deposit ratio as compared to the nationalised banks, he said.

More Stories on : Mergers & Acquisitions | Private Banks | Kerala

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee firmer; g-secs move up

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line