The Hindu Business Line : Thursday, March 08, 2007

INFORMATION TECHNOLOGY
South Indian introduces e-fund transfer
As part of its drive to offer computer-based new and innovative products, South Indian Bank has introduced the consumer friendly National Electronic Funds Transfer (NEFT) system. The NEFT offers an efficient, secure, economical, reliable and ... More

GENERAL INSURANCE
Reinsurance ceding commissions shrink
Insurers readying strategies to offset loss More

PRIVATE BANKS
UTI opens 2 more branches
UTI Bank has opened two new branches in Andhra Pradesh at Bapatla and Narsaropet. The President, Southern Zone of the Bank, Mr C.P. Rangarajan, inaugurated them today. UTI has a network of 461 branches, 53 extension counters and ... More

PUBLIC SECTOR BANKS
PNB credit scheme for Kerala farmers
Punjab National Bank has come forward to supplement farmers' income by launching the PNB Sampurn Rin Yojana scheme, according to Mr S.P. Singh, Zonal Manager, Kerala. Under this scheme, he said, farmers are provided credit for meeting expenditure ... More

FINANCIAL INSTITUTIONS
IRFC's cost of borrowing comes down
More

FIXED DEPOSITS
City Union Bank trims NRE rates
City Union Bank Ltd has effected a downward revision in its FCNR and NRE deposit rate with effect from March 1. The rate on NRE deposit for tenure of up to one year has been slashed to 5.74 per cent (5.93), 5.55 per cent (5.85) ... More

MERGERS & ACQUISITIONS
Allahabad Bank eyes acquisition in South
To seek licences for over 160 more branches More

TRADE & LABOUR UNIONS
FDI cap hike in insurance opposed
The Insurance Corporation Employees' Union, affiliated to the All-India Insurance Employees' Association (AIIEA), has flayed the Budget proposal to increase foreign direct investment cap in the sector from 26 per cent to 49 per ... More

ALLIANCES & JOINT VENTURES
GIC inks pact with Japanese body
The mitigation of national catastrophes would be a key area where the GIAJ would be consulted. More

CO-OPERATIVES
RBI cancels licences of 2 co-ops
The Reserve Bank of India has cancelled the licences of Basavakalyan Pattana Sahakara Bank Niyamith, Karnataka and Umreth Peoples Co-operative Bank Ltd, Gujarat as they have ceased to be solvent. The Registrar of Co-operative ... More

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