rise in bank credit
mumbai: the indian banking sector has seen a rise in credit to the commercial sector during the second half of september 1999. as of the 15 days ended 25 september 1999, non-food credit growth was rs.4,062 crore. the year-on-year growth during from the corresponding period in the the previous year was 14.4 per cent compared to the 15.6 per cent growth during the corresponding previous fortnight.

uti bank, citibank launch card
mumbai: uti bank and citibank have launched a co-branded credit card, targeted at customers of the unit trust of india, life insurance corporation of india and general insurance corporation.

around 19 centres in the country, apart from 28 uti bank branches, will sell these cards, which carry the logos of both uti bank and citibank. the card comes with a household insurance cover. the reward programme that citibank has for its existing credit card customers will also be available to holders of the co-branded card.
go back to finance diary index page

syndicate bank comes out with unique idea
mumbai: the manipal-based syndicate bank has said that it will permit all its employees to go on deputation to other private banks and financial institutions.