Banking and Finance
Birla Home Fin opens office in Hyderabad
BIRLA Home Finance Ltd (BHFL), a wholly-owned subsidiary of Chambal Fertilizers and Chemicals Ltd, part of the K.K. Birla group, has launched its retail home finance operations here.

4 banks, SHCIL to issue, service 9% Relief Bonds
THE Reserve Bank of India (RBI) has authorised four private sector banks -- HDFC Bank, ICICI Bank, UTI Bank and IDBI Bank and Stock Holding Corporation of India (SHCIL) -- to receive subscriptions for the 9 per cent Relief Bonds with effect from August 1 .

LIC Housing plans to raise funds abroad
LIC HOUSING Finance Ltd is considering various options to raise funds abroad, according to Mr. Kranti Sinha, Director & Chief Executive Officer. Mr. Sinha told Business Line that the fund-raising operation may take place around February next year.

South Malabar Grameen tops in lending
KOCHI: South Malabar Grameen Bank, sponsored by Canara Bank, has achieved the number one position in lending among the 196 regional rural banks for the year 1999-2000.

S. S. Kohli to hold charge as CMD, SIDBI
NEW DELHI: The Chairman and Managing Director, Punjab National Bank (PNB), Mr. S. S. Kohli, will hold additional charge of the post of Chairman and Managing Director (CMD), Small Industries Development Bank of India (SIDBI), with effect from August 1.

`Co-op banks suited to promote insurance entities'
``CO-OPERATIVE banks, being grass-root level organisations, are suited to promote insurance organisations with their access to markets in the interiors and their ability to provide cover for businesses and people not being covered by the public sector in surance companies,'' said Mr. H. K. Patil, the Minister for Major Irrigation, Karnataka, and the President, National Federation of Urban Co-operative Banks and Credit Societies Ltd (NAFCUB).

Andhra Bank employees threaten strike
HYDERABAD: The agitating employees of Andhra Bank, under the banner of the Joint Action Committee comprising five trade unions, have decided to go on an all-India strike on August 14 if the management did not come forward for an amicable settlement and e nd the impasse by withdrawing the ``large-scale vindictive transfers''.

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