Financial Daily from THE HINDU group of publications
Saturday, March 18, 2006
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Financial Daily from THE HINDU group of publications Saturday, March 18, 2006 |
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MONEY & BANKING OUTSOURCING Bank unions to protest outsourcing The All-India Banks Employees Association (AIBEA) and All-India Bank officers association (AIBOC) have planned a massive campaign including strike actions to protest the outsourcing of normal banking services by banks. In a circular to its ... More FOREX Forex reserves up $773 m FII inflows buoy accretion More SOFTWARE Cosmos ties up with Electra Card The Pune-based Cosmos Cooperative Bank, has signed up Electra Card Solutions, a fully-owned subsidiary of Opus Software Solutions, to deploy Electra EFT Switch to drive the banks ATM & POS Network. Electra financial transaction switch will ... More
Nucleus in pact with UAE bank NBFCS StanChart arms picks 16% stake in GTL Standard Chartered Investments and Loans (India) Ltd has acquired 16.06 per cent of the total share capital of GTL Ltd. It acquired 1,31,86,717 shares in GTL on March 10 said GTL in a statement to the stock exchanges. Standard Chartered ... More CONSUMER FINANCE Andhra Bank loan for Cynosure bikes Andhra Bank has entered into a pact with Cynosure Enterprises Ltd for financing the purchase of latter's battery-operated bikes.. Under the pact, the bank would finance up to 90 per cent of the bike's road price an interest rate of 9.75 per ... More PRIVATE BANKS UTI Bank opens branch at Alamuru in AP UTI Bank, has opened a branch at Alamuru in East Godavari district. The Bank President, Mr S.K. Chakrabarti, inaugurated it on Friday according to a press release. The private sector UTI bank has a network of 341 branches, 95 ... More PUBLIC SECTOR BANKS 
PNB opts for status quo on statutory auditorsOther PSBs may follow suit, let RBI make appointment More FINANCIAL INSTITUTIONS Exim Bank to lend $5 m to Ucal Fuel arm Exim Bank of India has agreed to lend $5 million to Amtec Precision Products of USA, which is now a wholly owned subsidiary of Ucal Fuel Systems Ltd. The bank has been an active participant right through the takeover of Amtec by Ucal. It lent ... More
EVENTS `Asia needs to focus on consolidation of banks' Regulators should play a facilitating role: Stanchart official More CO-OPERATIVES Coop banks told to improve efficiency Co-op sector crisis of its own making, says AP CM More OUTLOOK 
ING eyes €100 m profitsING Group is targeting a profit of €100 million from its India operations, said Mr Michel Tilmant, Group Chief Executive Officer, on Friday. The group is present in India through a joint venture with Vysya Group with banking, insurance and ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Union Budget 2006-2007 Economic Survey 2005-2006 Pick a Winner Stock Market Contest
Top Stories In Focus Infrastructure woes stare IT sector IPO Scams FDI in retail sector Dynamic Tirupur Surging Sensex Gold scaling new highs
In Depth Gender Justice Simple Economics Tax Talk
Looking back Mar. 5-Mar. 11 Body to track bank client servicing Private insurers cut 2-wheeler exposure Recap bond conversion to boost bank profits High cost of actuaries worries IRDA Service tax on ATM not to hit users Online banking usage picking up ING keen on pension foray, ready to wait `RBI will manage liquidity through range of tools' Forex reserves rise $1.5 b |
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