Home loans drive IDBI Bank’s retail assets to Rs 1,038 crore
Mumbai: IDBI Bank on Tuesday announced that its retail portfolio had crossed the Rs 1,000-crore mark to touch Rs 1,038 crore as on December 31, 2002, up from Rs 408 crore as on March 2002. F
Back to News Review index page  

Union Bank seizes defaulters’ assets
Mumbai: Union Bank of India will take over six properties in Chennai by the end of this month under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Ordinance 2002.
Back to News Review index page  

IDBI slashes rates for Flexibond-17
Mumbai: Industrial Development Bank of India has slashed the deposit rates on its Flexibond-17 offering, to be kicked off next Monday (January 20), by 75 to 100 basis points, when compared to its previous issue Flexibonds-16.
Back to News Review index page  

RBI notification on Nedungadi merger this month
Mumbai: The Reserve Bank of India is expected to notify the amalgamation of sick private sector Nedungadi Bank with Punjab National Bank by the end of this month.
Back to News Review index page  

PHF Leasing FD issue downgraded
New Delhi: ICRA has downgraded the rating assigned to the fixed deposit programme of PHF Leasing Ltd (PFHL) from `MA-' to `MB+', indicating inadequate safety.
Back to News Review index page  

Birla Sun Life adds `waiver of premium' rider
Mumbai: Birla Sun Life Insurance has launched a `waiver of premium' rider, which covers critical illness as well as total permanent disability. The rider benefits will be available even when the customer suffers from an accident and is totally and permanently disabled, said a press release.
Back to News Review index page  

43 per cent priority sector lending target achieved
Kochi: The commercial banks in Kerala have disbursed Rs 3,823 crore to the priority sector during the half year ended September 2002, which represented 43 per cent of the target of Rs 8,912 crore set for the whole year ending March 31, 2003.
Back to News Review index page  

SBI plans integration across group banks
Mumbai: State Bank of India is planning what could perhaps be termed as a "quasi group merger" beginning with credit and treasury integration across its seven associates. The Rs 3,80,000-crore SBI, and its group entities would unify several business processes, including various treasury functions and high-value credit appraisal, sanction and disbursement, top bank officers said.
Back to News Review index page