The Hindu Business Line : Monday, February 06, 2006

Indian Bank to revive Indbank Merchant
INDIAN Bank has now decided to revamp its subsidiary, Indbank Merchant Banking Services Ltd. Earlier, the bank thought of closing down the merchant banking unit. Two factors have influenced this decision. First, Indbank's balance sheet has ... More

HOUSING FINANCE

ICICI Bank home loan fair in Vizag
VISAKHAPATNAM: ICICI Bank is conducting a three-day home loan fair at Viswapriya function hall on the beach road from Sunday. Leading builders in the city are participating in the fair and over hundred properties are on display, ... More

LIFE INSURANCE

Risky business?
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DEBT MARKET

Inter-tenor spreads fall as selling wave continues in bonds
BONDS yields softened slightly last week on the back of a lower government borrowing projections and due to demand from insurance companies. Bankers said the withdrawal of oil companies from the forex markets anticipating crude prices to ... More

PUBLIC SECTOR BANKS

PNB opens branch at Chelari near Kozhikode
KOCHI: Punjab National Bank has opened its 129th branch in the State at Chelari near Kozhikode. The branch is networked under the centralised banking solutions, which provides any time anywhere banking, Mr S.V.Shenoy, Zonal Manager said. ... More

FIXED DEPOSITS

SBT hikes term deposit rates
STATE Bank of Travancore has raised the interest rates on domestic term deposits.

The new rates are with effect from February 6.

Banks hike NRE, FCNR (B) rates
MUMBAI: Dena Bank and Central Bank of India have increased the interest rates on NRE and FCNR (B) deposits. Bank of Baroda has raised the rates on FCNR (B) deposits in six currencies. Dena Bank has increased the rates on NRE term ... More

TRADE & LABOUR UNIONS

NOBW urges Govt to restore compassionate appointments
THE National Organisation of Bank Workers' (NOBW) has urged the Government to restore the compassionate ground appointments in banks. Addressing newspersons here, Mr Ramakrishna Punja, General Secretary of NOBW, said that the NOBW would ... More

PEOPLE

End of an era at the US Fed
MR Alan Greenspan held his last Open Markets Committee meeting on Tuesday, January 31 2006, before he laid down office as Chairman of the US Federal Reserve Bank. It was the end of a glorious 18-year tenure that ... More

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