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EDUCATION
IIBF opens course to all graduates
Hyderabad, Aug. 20 The Indian Institute of Banking and Finance (IIBF) has launched Diploma in Banking and Finance which is open to all graduates in distant mode. “Till now, the content of the course is being extended to the ... More

SOFTWARE
CBS roll-out at Lakshmi Vilas
With the roll-out of the Core Banking Solution at its Cantonment branch in Bangalore, Lakshmi Vilas Bank has networked 100 of its 236 branches under the centralised banking platform. The bank plans to extend the CBS facility to another 100 ... More

LIFE INSURANCE
SBI Life hopes to double new biz premium growth
Co valued at $4.5 b; holding co plan yet to be firmed up More

FINANCIAL POLICY
LS passes Bill to replace SBI Ordinance
New Delhi, Aug 20 The Lok Sabha on Monday passed a Bill to replace the Ordinance promulgated on June 21 to facilitate the Centre’s buyout of the Reserve Bank of India’s shareholding in SBI.On June 29, the Centre acquired ... More

PUBLIC SECTOR BANKS
SBI tying up with post offices
The country's largest commercial bank, State Bank of India (SBI) has chalked out an innovative strategy to widen its network and reach out to the remotest villages of India. It has decided to tie up with post offices for this purpose. "SBI is ... More

RESTRUCTURING
UCO Bank capital rejig plan this week
Chennai, Aug. 20 This week, UCO Bank will submit to the Government a proposal for its capital restructure, giving a detailed road map for how the bank will manage its capital requirements over the three years after its capital is ... More

CREDIT MARKET
Educational loans now come with insurance cover
Hyderabad, Aug 20 Banks are now trying to push their educational loan products with insurance cover to make them more attractive for the customers and safer for themselves. “The insurance add-on to the educational loans is ... More

TMB sanctions Rs 10-cr loans
Tuticorin-based Tamilnad Mercantile Bank (TMB) has sanctioned loans to the tune of Rs 10.28 crore to 661 self-help groups, under a specially arranged priority sector loan sanction camps through all its 189 branches, on the eve of Independence ... More

SBI nod for GEECL debt-finance
Great Eastern Energy Corporation Ltd (GEECL), a Y Modi group company, on Monday announced lining up $25 million or Rs 100-crore debt-finance from State Bank of India. The company has already received an approval from SBI in this regard. ... More

MORTGAGE
Yasu platform for higher automation in loan processing
Hyderabad, Aug. 20 Yasu Technologies, a provider of Business Rules Management Systems (BRMS), on Monday released a white paper on how mortgage lending companies can achieve 95 per cent plus automation levels in processing loan applications. ... More

TRADE & LABOUR UNIONS
Officer can defend SBI staff facing charges: HC
Chennai, Aug. 20 Employees of State Bank of India, who were facing disciplinary action by the management, have right to engage a representative of a trade union of bank employees to defend them in domestic enquiry, the Madurai Bench of Madras ... More

EVENTS
Insurance club meet held
The Chairman of Karnataka Bank Ltd, Mr Anantakrishna, has urged members of Insurance Club of the bank to boost the other income of the bank by aggressively marketing insurance business. He was speaking at the Insurance Club meet of the bank here, ... More

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