Financial Daily from THE HINDU group of publications
Wednesday, Apr 06, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Money & Banking - Information Technology


Allahabad Bank on Rs 300-cr tech upgradation

Our Bureau

Kolkata , April 5

ALLAHABAD Bank has lined up a fresh technology upgradation programme, entailing an investment of Rs 300 crore, to be spent over the next two years.

The bank, which seeks to bring its services on an advanced technological platform, hopes to improve its performance in the coming years on the basis of new technology. Briefing newspersons here, Mr S.K. Goel, Executive Director of the bank, said the board had already approved the investment proposal.

The bank has also proposed to fine-tune its retail business strategy with a view to increasing its focus on the retail customer. It offers a number of investment and savings products, through tie-ups with organisations such as LIC and UTI. The plan is to increase fee-based income by utilising these tie-ups even further.

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


Stories in this Section
US data keep sharp rate hikes at bay


Rupee steady; securities rise
`Enough forex reserves to meet crude import needs'
Allahabad Bank on Rs 300-cr tech upgradation
Govt keen on hiking FDI cap on insurance — Germany may review dumping duties on Indian goods
Federal Bank to launch Treasurer's Calendar today
SBI launches scheme
Banks losing interest in long-dated G-secs
Good response to Govt stock sale
Citibank launches credit education initiatives
Card use by tourists rising, finds Visa study
Bank of Baroda hikes FCNR interest rates
SBT hikes NRI deposit rates
Union Bank raises rates


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, 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