Financial Daily from THE HINDU group of publications
Thursday, December 22, 2005
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Financial Daily from THE HINDU group of publications Thursday, December 22, 2005 |
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MONEY & BANKING INVESTMENT BANKING Kotak Mahindra (UK) to set up office at Dubai financial hub KOTAK Mahindra (UK) Ltd (KMUK) has been licensed by the Dubai Financial Services Authority to conduct its operations from its branch at Dubai International Financial Centre (DIFC). It is the first Indian institution to be set up at DIFC. ... More FOREX Rupee unchanged; bonds range-bound MUMBAI: The rupee ended unchanged on Wednesday but the trend was weak. The home currency continued its losses against the US dollar as the greenback gained more than 100 points against major global currencies overnight. The US currency ... More INFORMATION TECHNOLOGY ATMs win over rural Kerala BANK customers in Kochi perceive ATMs to be as secure as bank branches, a study commissioned by NCR Corporation, an ATM vendor in India, has revealed. The pan-India study conducted by AC Nielsen ORG-MARG found that a high majority of bank ... More SOFTWARE 3i Infotech signs $2.6-m deal with Malaysian bank 3I Infotech Ltd has signed a $2.6-million (Rs 11.74 crore) deal with the Hong Leong Bank in Malaysia to provide Triton loan origination software application. The bank is among one of the top five banks in Malaysia with 180 branches. This is ... More GENERAL INSURANCE Large claims on account of floods — PSU insurers may trim dividend payouts FACED with large claim settlements, public sector general insurers are expected to prune their dividend payouts to the government during the current year. The four PSU insurers and the General Insurance Corporation of India, the national ... More PRIVATE BANKS Karnataka Bank's `no frills' accounts MANGALORE: Karnataka Bank has introduced `S.B. Sugama'as part of the `no frills account' initiative. The bank has prescribed different minimum balance for different categories of branches. Under `S.B. Sugama', the minimum balance is Rs ... More
UTI Bank opens branch at Jangareddigudem PUBLIC SECTOR BANKS State Bank launches `no frills' account for villagers The scheme, which will be launched on Thursday, will enable villagers to start a bank account with deposit amount as low as Rs 50. Christened `SBI Tiny', the account can be maintained with zero balance. The pilot project is being launched in ... More
Dena Bank plans to have 100 branches under CBS
INTEREST RATES Limited period rate hike offer STATE Bank of Mysore has revised its interest rates for the term deposits with a maximum increase of 50 basis points and a minimum of 25 basis points. The limited period offer would be in force till January 31. The new rates came into effect from ... More
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