The Hindu Business Line : Friday, September 29, 2006

SOFTWARE
Laser Soft tool for Syndicate Bank
Laser Soft Infosystems has implemented its software product "e-circular" for Syndicate Bank. The product delivers circulars, application forms and loan agreements from the head office to branch offices. The software works on the ... More

NBFCS
NBFCs get a month for Fair Practices Code
The Reserve Bank of India has given a one-month deadline to Non-Banking Finance Companies (NBFCs) to come out with a Fair Practices Code. To aid NBFCs write the code, the central bank on Thursday released guidelines. NBFCs cannot use muscle ... More

LIFE INSURANCE
Kalam asks LIC to provide demat policies
LIC should consider funding of power plants run on municipal and other bio-waste in Tier-2 cities and Tier-3 towns, Mr Kalam said. Micro insurance policy for the poor launched More

PRIVATE BANKS
SEZ not our thrust area: ICICI Bank
"Special Economic Zone has not been our thrust area and we haven't looked at it," said Ms Kalpana Morparia, Joint Managing Director, ICICI Bank. To a question on SEZ financing, Mr K.V. Kamath, Managing Director and CEO, ICICI Bank, said, "Let ... More

Federal Bank hopeful of one buy this year
Mr K.S. Harshan, Executive Director, Federal Bank, said the bank hoped to pick up majority stake in at least one bank this year. "We are looking at several likely and willing candidates," he said. "We would require to raise capital depending ... More

PUBLIC SECTOR BANKS
PSBs may mark to market entire securities portfolio
Getting ready to meet Basel compliance norms More

SBI associates to raise Rs 3,000 cr
The associate banks of State Bank of India are expected to raise Rs 3,000 crore in the next two to three years inclusive of Tier-I and Tier-II capital, said Mr Y. Vijayanand, Deputy Managing Director and Group Executive ... More

OBC: Counting on operating costs
Oriental Bank of Commerce, analysts indicate, has lower operating costs compared to some of the other public-sector banks, a factor that is being seen to play a role in the days ahead. Low operating costs are believed to be providing room for ... More

FOREIGN BANKS
Life is more than just a job
After a steady climb to the top, HSBC's Margaret Leung is raring to take on newer challenges. More

CREDIT MARKET
Dakshina Kannada banks net Rs 12,509-cr business
Banks in Dakshina Kannada district have crossed business levels of Rs 12,509 crore as on June 2006. The business achieved by 360 branches includes deposits of Rs 7,642 crore and advances of Rs 4,867 crore. This information was conveyed during ... More

UTI Bank arm eyes Rs 2,000-cr retail assets
UBL Sales Ltd, the newly floated wholly owned subsidiary of UTI Bank Ltd, has set its eyes on mopping up retail loans of Rs 2,000 crore and issue one lakh credit cards by the current fiscal, according to its Chairman and the UTI Bank Executive ... More

FIXED DEPOSITS
Rating for Karnataka Bank CDs
The Investment Information and Credit Rating Agency (ICRA) of India Limited has awarded `A1+' rating for Certificate of Deposit programme of Karnataka Bank Ltd. A bank release said here on Thursday that the rating indicates ... More