EDUCATION
Asian Institute of Comm ties up with US body for insurance courses
ASIAN Institute of Communication and Research Business School has concluded a membership agreement with Life Office Management Association, US, to offer courses in insurance and financial services. The courses can be learnt through classroom ... More

NBFCS
NBFCs seek closer tie-ups with banks
EVEN as Non-banking finance companies demanded more bank funds to their industry at a meeting here, the meeting's chief guest Mr S.C. Gupta, CMD of Indian Overseas Bank, pointed out that it was the NBFCs who did not come forward to utilise the ... More

FINANCIAL MARKETS
RBI revamps advisory panel on money markets
The Committee will review and recommend measures for deepening and widening the money, foreign exchange and government securities markets. More

PUBLIC SECTOR BANKS
United Bank CMD
KOLKATA: Mr Parkash Singh took over as the CMD of United Bank of India on Monday. Prior to this, Mr Singh was the Executive Director of Punjab & Sind ... More

HR policies key to our success: Indian Bank chief
PROGRESSIVE HR policies have been the key to our success, the Indian Bank Chairman and Managing Director, Mr M.B.N. Rao, told Business Line. "Though technology is taking a precedence, we at Indian Bank give more importance to HR, because ... More

Syndicate Bank panel
MANGALORE: Syndicate Bank has formed an ad-hoc committee to undertake procedures and performance audit on public services rendered by it. A bank release said here on Monday that the committee was formed based on the direction of Reserve ... More

FINANCIAL INSTITUTIONS
NDDB, 5 others declared PFIs; UTI-1 left out
THE National Dairy Development Board (NDDB) and five other institutions have been declared public financial institutions (PFIs). The specified undertaking of the Unit Trust of India (UTI), UTI-1, which was also being considered, has been left ... More

CORPORATE BONDS
HDFC raises Rs 1,000 cr
HOUSING Development Finance Corporation Ltd (HDFC) has raised Rs 1,000 crore on a private placement basis from the domestic corporate debt market. The housing major has floated 5-year debentures at a coupon rate of 5.85 per cent with the ... More

FIXED DEPOSITS
Centurion Bank cuts deposit rates
CENTURION Bank has announced a reduction in interest rates for retail domestic term deposits by 25 basis points for various maturities with effect from February 27. ... More

PEOPLE
SBM gets new Managing Director
MR Y. Vijayanand has assumed charge as Managing Director of the State Bank of Mysore (SBM) on Monday. He was formerly a Chief General Manager, corporate accounts group of the State Bank of ... More