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Code
on lenders liability draws mixed reaction
Mumbai: Both bankers and borrowers have expressed
mixed feelings to the code draft on Lenders Liability
released by the Reserve Bank of India on Thursday While
the bankers have been very selective about their preferences
for some parts of the code, prominent corporates have
said that it has fallen short of their expectations.
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ABN
Amro moves HR operations to online
Mumbai: ABN Amro Bank has moved most of its human
resource processes online. The e-HR approach of ABN amro
includes shifting its recruitment, induction, goal-setting
and performance appraisal, HR guidelines, leave applications,
greviance addressal and ideation platforms to a web based
medium.
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‘KPFC’s
Rs 200-crore bonds get good feedback’
Kochi: The private placement of the Rs 200-crore
worth of bonds of Kerala Power Finance Corporation received
good response and was oversubscribed.
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NRIs,
PIOs allowed to settle credit card dues from NRO a/c
Mumbai: The Reserve Bank of India on Friday said
that non-resident Indians and persons of Indian origin
could now settle the dues of their international credit
cards out of funds they hold in their non-resident ordinary
rupee account.
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AP
Co-op bank bags `profitability' award
Hyderabad: The Andhra Pradesh State Cooperative
Bank has been selected the best in the category of `Profitability'
for the year 2001-02 by the National Federation of State
Co-op Banks Ltd, Mumbai, which evaluates the performance
of the State co-operative banks every year and announces
the awards.
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Excellent
Insurance awaits direct broker licence
Hyderabad: Excellent Insurance Broking Services
Ltd (EIBSL), the Hyderabad-based firm formerly known as
Expert Healthcare Management Services Ltd, is planning
to become direct insurance broker.
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Nabard
outlay for Kerala put at Rs 11,603 cr
Kochi: The Kerala State credit plan for 2003-04,
prepared by the National Bank for Agriculture and Rural
Development (Nabard), envisages an outlay of Rs 11,603
crore.
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Ernakulam
home loan fair gets under way
Kochi: Ernakulam Home Loan Fair 2002, two-day exhibition
of housing and housing loans organised by the Corporation
Bank, has commenced here on Friday by showcasing an array
of retail loan products.
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Tata
Finance PTC issue gets `AAA'
Mumbai: Tata Finance Ltd's Rs 47.78-crore senior-class
`A' pass-through certificates (PTCs) issue has been assigned
the `AAA' rating by Crisil.
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States
told to go easy on bond guarantees
Mumbai: The Reserve Bank of India is understood
to have advised State Governments to "go easy"
on guaranteeing bond issues of their subordinate entities.
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KPFC
bond issue closed
Thiruvanathapuram: Kerala Power Finance Corporation
Ltd announced the closure of its bond issue, which aggregated
a total of Rs 200 crore.
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Punjab
& Sind Bank likely to go for IPO
New Delhi: Keeping with the current trend among
public sector banks, Punjab and Sind Bank (PSB) is also
considering the option of queuing up in front of the initial
public offer (IPO) window.
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