New service from HDFC Bank
Mumbai: HDFC Bank is setting up a new private banking group to cater to
specified financial needs of high net worth clients. The bank has already introduced
a client advisory service, which has some 1,500 clients. The private banking group will
advise and design customised solutions for high net worth individuals on all financial
products and will leverage on the existing client advisory service.
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Review index pageNo plan to cut govt stake in United Bank
Calcutta: There is no proposal at the moment to dilute the
governments stake in the United Bank of India. Biswajit Choudhuri, chairman and
managing director of the bank, says his bank has improved its operating profit in the
first half the current financial year and is now in the process of consolidation.
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Canara Banks
schemes for NRIs
Mumbai: Canara Bank has introduced two schemes for non-resident Indians.
The services are Canbank NRI Maildesk and Canbank Online Info Services to NRIs, which have
been introduced at the Cuffe Parade branch in Mumbai.
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Kerala plans new port
Hyderabad: The Kerala government is building a modern container port at
Vizhinjim at a cost of Rs 2,000 crore and the Hyderabad-based Kumars group has been
engaged to construct the port under a build, operate and transfer basis. The Kumar's group
will operate the port for an initial period of 30 years.
An agreement has been signed by the government and the
company recently. The project will come up on a 500-acre plot of land to be leased to the
Kumars group by the government, which will also provide road, water and
telecommunications facilities.
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