Banking and Finance
Banking Bill introduced in Lok Sabha -- Public sector character to be retained: Sinha
THE Government today introduced in the Lok Sabha a Bill to dilute Government holding in the banking sector from 51 to 33 per cent amid protests and demonstrations by major Opposition parties.

`SBI to computerise 2,500 branches by March'
STATE Bank of India will computerise 2,500 of its branches by March 2001 accounting for 75 per cent of its business, according to Mr Janki Ballabh, Chairman, SBI.

UFBU to discuss stir plan today
THE leaders of the United Forum of Bank Unions (UFBU), the forum of nine unions of bank employees and officers, are meeting here on Thursday to finalise the date of countrywide strike to be observed to protest against the introduction of the Bill seeking to bring down the Government stake in PSU banks.

IOB adapts wireless tech
JATAAYU Software has wireless-enabled Indian Overseas Bank's interactive voice response system for tele-banking.

Strong fundamentals vital for bank mergers: KVB chief
``It is not the size, but strong fundamentals that is important for survival'', opined Mr. A.D. Navaneethan, Chairman, Karur Vysya Bank (KVB).

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