The Hindu Business Line : Saturday, February 19, 2005

Banks fancy private sector over PSUs for investments
THE banking industry seems to have taken a fancy to private sector shares and bonds vis-a-vis papers floated by the public sector companies. A comparative analysis of the banking sector's exposure in shares and bonds of PSUs and private sector ... More

FOREX

Rupee weakens; bond prices flat
MUMBAI: The rupee closed around four paise weaker against the greenback at 43.84/85 per dollar in the forex market on Friday, against Thursday's closing at 43.80/81. Dealers said although major international currencies had rallied ... More

INFORMATION TECHNOLOGY

Award for Federal Bank
KOCHI: Federal Bank has bagged the runner-up award in the `Best use of IT in Retail Banking'. The award was constituted jointly by organisations such as Indian Banks Association, Infosys and Trade Fairs and Conferences International. At ... More

NBFCS

RBI cancels NBFC licences in AP
HYDERABAD: The Reserve Bank of India has cancelled the certificate of registration issued to Mahatma Securities India Ltd, having its registered office at Karimnagar for carrying on the business of a non-banking financial institution. ... More

CREDIT RATING

Yes Bank's CD programme gets A1+ rating
YES Bank has obtained an A1+ Rating from ICRA for Tranche III of its Certificate of Deposit Programme. While the size of the total deposit programme is Rs 500 crore, the size of Tranche III is Rs 200 crore. This is the third consecutive A1+ ... More

PRIVATE BANKS

Kotak Mahindra Bank makes pref allotment
KOTAK Mahindra Bank Ltd has informed the BSE that it has allotted 33,00,000 equity shares of Rs 10 each on preferential basis to Madison Holding Ltd and Melany Holdings Ltd. Both Madison and Melany, which are registered sub-accounts of Warburg ... More

IDBI Bank's online tax payment facility
Individuals and corporates can make their tax payments (income tax, corporation tax, gift tax) through the Internet. The assessee is required to log on to the Website of the National Securities Depository Ltd (NSDL), click the tax-payment ... More

United Western Bank plans public issue
UNITED Western Bank intends to come out with a public issue in the next six months, the bank's Chairman and CEO, Mr Satish Marathe, told Business Line. The Maharashtra-based bank is one of the smaller private sector banks with a total ... More

PUBLIC SECTOR BANKS

Deloitte to advise PNB on UK subsidiary — Bank's second public offer to open on March 7
PUNJAB National Bank, which is coming out with its second public offer shortly, is planning to float a subsidiary in the UK. Disclosing this at a press conference here today, the Chairman and Managing Director, PNB, Mr S.S. Kohli, said the bank ... More

Canara Bank bonds issue fully subscribed
BANGALORE: The Rs 500-crore Tier II bond issue of Canara Bank has been fully subscribed. The issue which opened on February 11 was closed on Thursday on receiving full subscription, said a Canara Bank press release. The bonds have a ... More

FINANCIAL INSTITUTIONS

J.N. Godbole to head IDBI
MR J.N. Godbole, the senior most Executive Director in Industrial Development Bank of India (IDBI), has been appointed as the Chairman and Managing Director of the bank. He succeeds Mr Damodaran, who has been appointed as the Chairman of the ... More

MERGERS & ACQUISITIONS

Officers' union for merger of SBI associates
THE Associate Banks Officers' Association (ABOA), which had traditionally advocated the independent existence and preservation of the identity and work ethos of each associate bank of State Bank of India, has now demanded the merger of these ... More

TRADE & LABOUR UNIONS

Befi stages demonstration
THIRUVANANTHAPURAM: Members of the Bank Employees Federation of India (Befi) staged a demonstration in front of the main branch of the Indian Overseas Bank (IOB) here on Friday as part of a show of strength staged in all State Capitals. ... More

CUSTOMER RELATIONSHIP MANAGEMENT

ICICI Bank initiative for better service at branches
AFTER investing a fortune in getting the customers move to the self-service mode, new generation banks are tracking a shift in banking habits that is predicated on the `bank is where the branch is' dictum. The late 1990s saw banks invest in ... More

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