MONEY & BANKING
FINANCIAL SERVICES
First Indian Corporation selects Mangalore for its third facility
The new facility of the First Indian Corporation will initially support transaction processing services for the US mortgage industry.
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PENSION PLANS
UTI offers micro pension scheme for Union Bank staff
UTI Mutual Fund will offer a micro-pension initiative to the staff members and customers of Union Bank of India called UTI's `Retirement Benefit Pension Fund.' It will enable them to get pension (periodical income) after 58. The fund is an ...
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FOREX
Rupee tad higher
The rupee strengthened by almost four paise on good dollar supplies in the market on Thursday. The home currency opened at 44.75/77, touched an intra-day high of 44.61 and closed at 44.65, against the previous day close of 44.69. ...
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INFORMATION TECHNOLOGY
Net banking in 175 United Bank branches
United Bank of India's (UBI) Internet banking service, which was inaugurated here on Wednesday by the Finance Minister, Mr P. Chidambaram, has been approved by Principal Chief Controller of Accounts, CBEC, in the Union Ministry of Finance. An ...
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SOFTWARE
SIDBI launches software for credit appraisal
SBI, IDBI, Corp Bank, others sign MoUs for software
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CONSUMER FINANCE
ICICI Bank loan for Xbox purchase
ICICI Bank has said it will provide an EMI option for the purchase of Microsoft Xbox 360 products from designated Microsoft dealers. The ICICI Bank credit card holders can now make an initial payment of Rs 899 and pay Rs 3270 ...
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GENERAL INSURANCE
All third party risks move to Motor pool from Jan
All third party risks are to be transferred to the India Motor Insurance Pool from the beginning of next month, in line with the insurance regulator's directive, virtually levelling the field between public and private sector players. The ...
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HUMAN RESOURCES
Paternoster hires actuaries from India
It has recruited over 40 actuaries from India
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PRIVATE BANKS
IDBI seeks nod for more branches
IDBI Ltd has sought the RBI permission to open 100 new branches, said Mr. V.P. Shetty, Chairman and Managing Director, IDBI Ltd, on the sidelines of a press conference. "The bank also plans to hire 1,000 employees in a couple ...
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FINANCIAL INSTITUTIONS
JP Morgan invests Rs 274 cr in Lodha project
JP Morgan has invested about Rs 274 crore in a premium residential project of Lodha Builders — `Lodha Bellissimo' — coming up at Apollo Mill lands in Mahalakshmi. "We have invested significant time and effort in understanding the ...
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GOVT BONDS
Bond prices fall by 5 paise
Bond prices fell by five paise as the market awaited the auction of Rs 9000 crore Government paperon Friday. Trading was lacklustre and the total traded volumes on the order-matching system were Rs 2,140 crore (Rs 2,475 crore). ...
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CORPORATE BONDS
IRFC raises Rs 810 cr through bonds
Has already mobilised Rs 3,020 cr for Rlys this fiscal
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CREDIT MARKET
Banks in talks for take-out financing
Infrastructure thrust may lead to asset-liability mismatch
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SHORT TERM INSTRUMENTS
Call rates unchanged
Call ruled unchanged between 6.05 per cent and 6.15 per cent. In the first one-day reverse-repo auction under LAF, RBI received and accepted 11 bids for Rs 9,885 crore. There were no repo bids. In the second one-day reverse-repo ...
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CREDIT CARDS & DEBIT CARDS
Citibank, SIB launch credit card
Citibank and South Indian Bank announced the launch of the South Indian Bank-Citibank Visa credit card for the customers of South Indian Bank. The new credit card comes packed with a slew of innovative features and value ...
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TRADE & LABOUR UNIONS
Strike notice illegal, says RBI
The management of the Reserve Bank of India has taken strong exception to the decision of the All India Reserve Bank Employees Association (AIRBEA) to participate in the strike called on December 14 by various central trade unions and others not ...
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ALLIANCES & JOINT VENTURES
IOB in pact with India Infrastructure
Plans to enhance financing for core sector
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Centurion Bank of Punjab, Ambit eye stock broking
Ambit Corporate Finance, Television 18 group company Web18 and Centurion Bank of Punjab on Thursday announced a partnership to pursue stock broking business with a strong Internet presence in India. The venture, according to a company ...
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PUBLIC OFFER
SBI plans domestic float next year to fund growth
Awaits Parliamentary nod for SBI Act amendments
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VENTURE CAPITAL
SIDBI arm's investment
SIDBI Venture Capital Ltd is to invest Rs 30 crore in V&S International Pvt Ltd, a textile manufacturing company, supplying textiles and ready-made garments to retail chains in the US and Europe. The investment comes from the Rs
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PEOPLE
New MD for SBI Factor
Mr D.S. Das, a Chief General Manager with State Bank of India is the new Managing Director and CEO of SBI Factor and Commercial Services Pvt. Ltd, a SBI Group Company. Mr Das was the head of SBI's corporate accounts group at ...
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