Banking and Finance
HDFC Bank plans to raise ATMs
HDFC Bank plans to increase its offsite ATM network and phone banking facilities to provide easier access and convenience to customers.

PNB revises rates for FCNR (B) deposits
PUNJAB National Bank (PNB) has revised the rates for interest on the Foreign Currency Non-Resident (Banks) Scheme for dollar and pound deposits with effect from December 26.

HDFC plans credit bureau, IT-based services co
HOUSING Development Finance Corporation (HDFC) has firmed up plans to launch two new businesses in the new year. The company will be launching a credit bureau under the banner Credit Information Bureau of India Ltd (CIBIL) with State Bank of India and tw o foreign companies as equity partners.

Bridging funds & ideas online
IF you have an idea in the knowledge business and are looking for funds for commercial exploitation of the same, come to `fund4idea.com' -- an online investment banker for knowledge initiatives. The investment banking platform has concluded its first private equity placement assignment in which ICICI venture fund has invested $1.5 million (nearly Rs 7 crore) in a high-technology start-up.

Crisil puts SIDBI bonds, FDs on watch
RATING agency Crisil has put financial instruments of Small Industries Development Bank of India (SIDBI) on rating watch with negative implications. SIDBI's bond issues, rated AAA, as well as fixed deposit instruments, rated FAAA, have been put on watch by Crisil.

Delay in finalising capital support package -- Weak banks told to implement mid-term revival plans
THE Ministry of Finance has directed the three weak banks to commence work on implementing their mid-term revival packages pending the finalisation of the capital support package by the Government.

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