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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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No plan to cut govt stake in United Bank
Calcutta: There is no proposal at the moment to dilute the government’s 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 Bank’s 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 Kumar’s 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 Kumar’s group by the government, which will also provide road, water and telecommunications facilities.
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domain - B : Indian business: News review : 25 November 1999 : general