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FINANCIAL SERVICES
StanChart gets RBI nod for stake buy in UTI Sec
Mumbai, Dec 11 Standard Chartered Bank Mauritius has received the Reserve Bank of India’s approval to acquire 49 per cent stake in broking firm, UTI Securities Ltd, from Securities Trading Corporation of India. Mr P.R. ... More

FOREX
Rupee gains on Fed rate cut hopes
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INSURANCE
Spanish insurer sets up Indian arm
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HOUSING FINANCE
Home loan exhibition
The Indian Bank, Tiruchi circle, organised a two-day home loan exhibition in the city recently. The Deputy General Manager and Circle head of the Indian Bank, Tiruchi circle, Mr R. Ravi, inaugurated the expo. Speaking on the occasion, Mr Ravi ... More

PRIVATE BANKS
South Indian Bank in expansion mode
Coimbatore, Dec 11 Thrissur-headquartered South Indian Bank is not only striving to establish a pan-India presence but also set to surpass its business targets for the current fiscal.Dr V.A. Joseph, CEO and Chairman, SIB, was in the ... More

Phishing attack in Kotak Mahindra Bank
Websense Security Labs has come across a phishing ttack targeted at customers of Kotak Mahindra Bank. While issuing a warning, the lab has stated that the phishing site, hosted in the US was not active at the time of alert. It has found that a ... More

FOREIGN INSTITUTIONAL INVESTORS
Bank of Rajasthan FII limit hike
Coimbatore, Dec 11 Bank of Rajasthan Ltd’s board of directors has approved increasing the FII investment limit in the bank’s equity up to 49 per cent and by NRIs up to 24 per cent, both taken together 49 per cent of the total ... More

GOVT BONDS
Bonds continue to be lacklustre
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CREDIT MARKET
SBI sees slowdown in personal loans
‘Retail segment perking up after sluggish first half’ More

Replacement market is big for Shriram Transport Finance
Coimbatore, Dec. 11 Shriram group’s flagship Shriram Transport Finance Company (STFC) that specialises in lending to small-time truck operators is betting on the replacement segment to sustain its loan growth at 50 per cent in the second ... More

Canara Bank, BSNL sign MoU
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SHORT TERM INSTRUMENTS
Call rates end lower
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FIXED DEPOSITS
FCNR deposits slow down due to appreciating rupee
Lower rates lead to diversion of money to equities, real estate More

SOCIETY & DEVELOPMENT
Oriental Bank of Commerce gesture
Kalyan General Hospital – a 150-bed hospital – financed by the Oriental Bank of Commerce was opened on December 11 at Budbud by Mr R.M. Sharma, General Manager, Eastern Region, says a press release. Speaking on the occasion, Mr Sharma ... More

PEOPLE
SBI Chennai circle chief GM
Chennai, Dec 11 Mr.J.Chandrasekaran, has assumed charge as Chief General Manager, Chennai Circle, SBI on December 10. He was earlier CGM, (SME), SBI Corporate Centre, Mumbai. — Our ... More

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