PRIVATE BANKS
Lakshmi Vilas Bank to go hi-tech with KPMG roadmap
LAKSHMI Vilas Bank expects the recommendations of KPMG on technology adoption in about three months' time. The bank recently hired the international consultants to suggest a roadmap for technology adoption in the bank. KPMG is expected to ... More

IndusInd AGM votes on merger with ALFL
A POLL was conducted on Friday at an EGM of IndusInd Bank for the proposed merger of Ashok Leyland Finance Ltd (ALFL), a non-banking finance company, with the bank. The results are expected to be released tomorrow. Earlier, on March 16, the ... More

CLB `go ahead' for new TMB directors
THE Company Law Board (CLB) has directed that the 10 elected members of the Tamilnad Mercantile Bank can now discharge their duties, according to reliable sources. This follows the submission of a report to the CLB of the proceedings of the ... More

ICICI Bank home loan portfolio at Rs 14,345 cr
ICICI Bank's home loan portfolio has grown by 57 per cent over the nine-month period ended December 31, 2003 to Rs 14,345 crore. The retail portfolio of the ICICI Bank as on December 2003 stood at Rs 28,265 crore, retail as a per cent to total ... More

Nationalised banks to be Reliance MF's distributors
THE credibility commanded by old private sector banks and nationalised banks, particularly in small towns and villages, has made them Reliance Mutual Fund's preferred distribution outlets for its schemes. The fund entered into a distribution ... More

SIB rights offer awaits SEBI nod
THE net worth of South Indian Bank is poised to cross Rs 500 crore during next year. The bank's Chairman, Mr A Sethumadhavan, told Business Line: " We plan to shore up our capital in order to attain the critical mass, based on which ... More

PUBLIC SECTOR BANKS
Corpn Bank holds jewellers' meet in Dakshina Kannada
CORPORATION Bank conducted a jewellers' meet at Puttur in Dakshina Kannada district recently to educate customers about its various gold-related schemes. A press release by the Deputy General Manager of the bank, Mr B.R. Bhat, said that the ... More

RBI hikes PSU bank audit fees
The RBI has also now modified the slabs that would determine the quantum of audit fees payable for statutory central audits and bank branch audits. More

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