The Hindu Business Line : Thursday, February 10, 2005

Rupee weaker; g-secs flat
MUMBAI: Strong dollar buying drove the rupee further down on Wednesday to end at 43.73/75 levels against Tuesday's close of 43.69/70 levels. According to a dealer with a private sector bank here, a number of public sector banks bought ... More

SOFTWARE

i-flex tool for Citibank unit
MUMBAI: i-flex Solutions that sells software to financial organisations has said that Citigroup Global Markets has chosen its FLEXCUBE product suite for loan origination, loan syndication and secondary loan trading businesses for its US ... More

NBFCS

2 NBFC licences cancelled

HOUSING FINANCE

Sundaram Home spot loan event in TN
SUNDARAM Home Finance Ltd is organising `Spot Home Loan' at its branch offices in Madurai, Tirunelveli and Tuticorin between February 10 and 12. Customers can avail themselves of home loans at attractive interest rates and get spot sanctions ... More

CONSUMER FINANCE

Andhra Bank's automobile loan scheme for women
ANDHRA Bank has come out with an automobile loan scheme exclusively designed for women. The scheme offers features such as concessional interest rate and insurance for loan liability as well as life of the borrower at a nominal ... More

SBI hikes sops for Maruti dealers, lowers loan rates
STATE Bank of India, which pioneered a tie-up with Maruti Udyog for cross-selling Maruti vehicles and SBI vehicle loans two years ago , has restructured the arrangement with dealers to stay in competition. The country's largest public sector ... More

LIFE INSURANCE

ICICI Prudential to hike capital by Rs 100 crore
ICICI Prudential Life Insurance Company has increased its capital base by Rs 100 crore, taking its total paid-up equity capital to Rs 925 crore. This is the eleventh equity hike since the company was incorporated in December 2000. The two ... More

GENERAL INSURANCE

Rajahmundry civic insurance

DEBT MARKET

Banks lining up Tier II bond issues
With the low cut-off yields on the Government securities issue, bankers said they expected to raise tier II capital on favourable terms. More

PRIVATE BANKS

Karnataka Bank plans e-banking facilities
KARNATAKA Bank Ltd is planning to introduce Internet banking and Visa debit cards, said Mr Anantakrishna, Chairman and Chief Executive Officer of the bank. A bank release said here on Wednesday that he was addressing the regional heads at the ... More

TRADE & LABOUR UNIONS

SBOA concern over new economic policies
THE fourth triennial conference of the Syndicate Bank Officers' Association (SBOA) has expressed unhappiness over the Government's new economic policies. The conference, which adopted a resolution in this regard, felt the new economic policies ... More

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