Banking and Finance
ICICI Bank ATMs in Visa Global net
MUMBAI: ICICI Bank has connected its 335 ATMs across the country to the Visa Global ATM Network, a release from Visa said here on Tuesday.

I-Sec arm joins US security dealers' body
MUMBAI: The US subsidiary of ICICI Securities and Finance Company Ltd (I-Sec), ICICI Securities Inc, has become a member of the National Association of Securities Dealers Inc (NASD) of the US, an I-Sec release said here on Tuesday.

Nigerian bank ties up with Infosys
BANGALORE: Infosys Technologies Ltd has signed a strategic partnership with Standard Trust Bank, Nigeria, to 9deploy its Finacle core banking e-platform along with the BankAway e-commerce platform. Standard Trust Bank is a private sector bank in Nigeria.

`IMD impact on NRI deposits marginal'
DESPITE grossing $5.25 billion, the India Millennium Deposit scheme seems to have made only a marginal impact on the country's NRI deposits.

SBI extends Rs 40-cr ad hoc credit line to textile units
STATE Bank of India's commercial branch here has allowed Rs 40 crore of additional credit limits this year to the textile mills for import of raw cotton to boost their raw material buffer.

PNB picks Goldstone software
HYDERABAD: Punjab National Bank (PNB) has selected BancMate, the bilingual banking software product developed by Goldstone Technologies Ltd (GTL), the Hyderabad-based software solutions provider, for branch computerisation.

Securities firm up; call eases off at close
THE securities market continued to be upbeat with prices inching up by 10-15 paise in the actively traded papers on account of easy liquidity on Tuesday. However, market players were cautious and there was some profit booking also, said a dealer with a p rivate sector bank.

Agents for deposit mobilisation -- RBI ban surprises many
THE recent RBI circular prohibiting banks from appointing any direct sales agent for deposit mobilisation has come as a surprise to many bankers. After all, the ban has always been there. Many bankers wonder as to what has provoked the RBI to issue the c ircular again.

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