Banking and Finance
ICICI Bank chief sees smooth integration of BoM -- `HR, crucial factor in merger process'
ICICI Bank Ltd does not foresee any problems in integrating the business of Bank of Madura Ltd once the latter is merged with it. A core group has been constituted to help in the integration. Besides, sub-groups will also be set up to look into areas suc h as IT, audit and HR.

Mutual Funds
SBIMF launches open-end gilt fund
SBI Mutual Fund (SBIMF) on Monday launched a scheme suited to the risk-averse investor. SBIMF launched the Magnum Gilt Fund, an open-end scheme, which will invest only in Government securities (G-Sec) with zero credit risk.

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