Financial Daily from THE HINDU group of publications
Tuesday, June 21, 2005
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Financial Daily from THE HINDU group of publications Tuesday, June 21, 2005 |
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MONEY & BANKING COURTS/LEGAL ISSUES Charges for 'excessive' use of ATM — ICICI Bank ordered to compensate customer ICICI Bank charging its customers for alleged excessive use of ATMs could not be sustained in the absence of terms and conditions facilitating such levy, the District Consumer Disputes Redressal Forum, Chennai North, has held and ordered the bank ... More FOREX Rupee sheds gains; securities rise MUMBAI: The rupee opened higher against the dollar on Monday but lost its gains by the end of the session on account of the hike in oil prices. The domestic currency, which opened at 43.50/5150, closed at 43.5725/5825 against Friday's ... More PUBLIC SECTOR BANKS 
IOB chief raises growth targetINDIAN Overseas Bank's new Chairman and Managing Director, Mr T.S. Narayanasami, has raised the current year's business target to Rs 85,000 crore from the previously set target of Rs 77,400 crore. Last year, the bank had achieved a total ... More
SBH changes helpline number INTEREST RATES 
BoB unlikely to hike rates for nowBANK of Baroda is not likely to hike interest rates in the near-term, a top official of the bank said. "Our cost of funds, as on March 2005, was 4.2 per cent. We are trying to bring it down, so there is no immediate need to increase interest ... More
Union Bank chief sees no reason for rate hike NON-PERFORMING ASSETS UTI Bank may sell BPL's Pune property to recover dues UTI Bank's contention is that it have got the decree from the DRT before the matter went to the Kerala High Court and, therefore, even if the order is in favour of settlement sought by secured creditors, UTI Bank should be kept out. More
`Allow cos to retire high cost debts' CREDIT MARKET Loan mela a big draw COIMBATORE: The loan mela organised by the Coimbatore District Small Industries Association (Codissia) here on Saturday proved to be a big draw with 750 applications seeking financial assistance to the tune of Rs 98.3 crore being submitted ... More MERGERS & ACQUISITIONS Centurion, Bank of Punjab agree to merge The boards will meet again on June 29 to consider the final terms of the merger, a joint release from the banks said. Mr Shailendra Bhandari, Managing Director, Centurion Bank, said: "There are huge synergies in this merger like different ... More CO-OPERATIVES Rs 700-cr NCDC aid for co-ops in TN CHENNAI: The National Cooperative Development Corporation (NCDC) plans to provide an assistance of Rs 700 crore to the State Government and co-operative institutions in the State, during the next 2-3 years. The amount includes Rs ... More PEOPLE Ramakant Nayak is new LVB chief COIMBATORE: Mr Ramakant Madhav Nayak has taken charge as Chairman and Chief Executive Officer of the Karur-based Lakshmi Vilas Bank Ltd. |