12 apr 2003
hdfc
bank q4 net seen up 25 per cent on retail boom
mumbai: hdfc bank, the country's no. 2 private
bank, will report a 25 per cent jump in quarterly earnings
on tuesday on strong growth in retail loans, the average
of a reuters survey of four brokerages showed.
icici
bank to open 8 new branches, 35 atms in gujarat
mumbai: icici bank ltd will open eight new branches
in gujarat, including two in ahmedabad, and set up additional
35 atms in the state over the next few months.
sbi
clocks 50 pc growth in housing loan portfolio - outstanding
at rs 11,729 cr as on feb
mumbai: state bank of india, one of the top three
lenders to the housing sector, has clocked a growth rate
close to 50 per cent in its housing loan portfolio in
the fiscal ended march 2003. as on february, sbi's total
housing loan outstanding stood at rs 11,729 crore as against
rs 8,200 crore at the the end of march 2002, registering
an increase of 43 per cent.
ing
vysya unveils 3 new products
mumbai: ing vysya life has launched three new endowment
products called `powering life - limited payment endowment
plan', `creating life - child protection plan' and `reassuring
life - endowment plan with reversionary bonus'.
sbi
plans to fund rural net kiosks
coimbatore: in a bid to bring the world to the
doorstep of rural folk, the state bank of india (sbi)
has chalked out a mega plan to extend financial assistance
to rural internet kiosks. the bank proposes to finance
at least 500 kiosks at 25 centres in each identified district
during the 2003-04 fiscal.
indusind
bank shelves `npa take-out' plan
mumbai: indusind bank ltd has shelved its plan
to take out the non-performing assets (npas) of financial
institutions and commercial banks through a separate entity
for the time being, the executive vice-president, n. suresh
pai, said.
finmin
in talks with pnb for takeover of ifci
mumbai: the government has turned its attention
on punjab national bank as a possible acquirer of the
troubled financial institution, ifci.
11 apr 2003
nabard
puts insurance foray on back-burner
mumbai: the state-run national bank for agriculture
and rural development has put its foray into the insurance
sector on the back burner
tata
aig targets selling over 2.5 lakh life policies in '03
mumbai: tata aig, which sold around one lakh life
insurance policies during 2002-03, is aiming to sell over
2.50 lakh policies during the current year.
ing
vysya launches three new products
mumbai: ing vysya life insurance on thursday launched
three new endowment products viz. powering life limited
payment endowment plan, creating life child protection
plan and reassuring life endowment plan with reversionary
bonus.
icici
bank to open offices in singapore, china in a month
new delhi: icici bank is all set to launch its
first off-shore branch in singapore and another representative
office at shanghai, china, in a month's time.
crisil
reaffirms infosys ratings
mumbai: notwithstanding infosys technologies lower-than-expected
earnings and the slide on the stockmarkets, rating agency
crisil has reaffirmed the ratings assigned to the company's
long-term and commercial paper programmes, which stand
rated at aaa and and p1plus, respectively
iibi
to look for synergies with banks
mumbai: industrail investment bank of india ltd
(iibi) is likely to hold dialogue with commercial banks
for synergising its expertise in developmental finance
with other types of retail banking.
boi
raises fcnr deposit rates
mumbai: bank of india has marginally increased
the rates of interest on foreign currency non-resident
(fcnr) deposits in us dollar, british pound and euro with
maturity above two years
