Corporation Bank board meet: The Mangalore-based public sector Corporation Bank will hold its board meeting on October 27 at Chennai to consider the audited accounts for the half-year ended September 30, 1998. In accordance with the modified clause no 41 of the stock market listing agreement, the audited working results will be announced shortly thereafter, a bank release stated.

Citibank associate plans property event: Citibank's housing finance associate, Shelters, is organising a four-day property event ``Proshop Mumbai 98'' in an effort to give buyers choices in real estate properties and home loan options under oneroof. Buyers can avail themselves of a wide range of services, including Citibank Home Loan options with special discounts, interaction with property developers, site visit facilities, convenient loan options, over-the-counter approval of home loan applications and advice on property-related tax matters.

ICICI safety bonds launched: ICICI on Tuesday launched "ICICI Safety Bonds-October '98," with a special option available to investors for investment in Andhra Pradesh. Under its safety bonds category, ICICI offers for public subscription unsecured redeemable bonds in the nature of debentures aggregating Rs 400 crore with a right to retain oversubscription of up to Rs 400 crore. The bonds -- encash, tax saving, money multiplier and regular income -- will open on October 26 and close on November 9. ICICI managing director and CEO KV Kamath said this bond was an experiment by providing investors the choice of saving in ICICI to finance development projects in Andhra Pradesh.

LIC launches metro areanetwork in Bangalore: LIC launched its metro area network in Bangalore last week which will enable the corporation to connect 27 branches in Bangalore with its two divisional offices. LIC has also launched a voice response system for the benefit of policy holders which would enable them to access data on their policies. While Bangalore is the thirds centre to have a metro area network, LIC will bring another four cities under metro area network during the current year.

Syndicate Bank farmers' scheme: Syndicate Bank, under the ``Akshaya Krishi Dhana Yojana'' which was introduced two years ago, has provided credit of Rs 2 crore to over 1,000 farmers. This scheme was evolved out of the flexible cash-credit facility for farmers called ``Crop Overdraft Scheme,'' under which credit to the tune of Rs 200 crore has been availed of by 1.5 lakh farmers over the past 28 years.

New India Assurance policy: New India Assurance Company has decided to provide coverage under its Group Janata PersonalAccident Insurance Policy to the members of Baranagar Co-operative Bank, an urban co-operative bank. The bank has a total membership of 12,900. Each member would be required to pay only Rs 6 by way of annual premium for an assured sum of Rs 25,000. Since more than 80 per cent of the members of the bank live below the poverty line, the insurance coverage under the personal accident policy would come of great help to them, according to the bank chairman Tarun Ghosh.

Al Shaibei Exchange changes name: Al Shaibei Exchange Company has changed its name to National Exchange Company. The company, which was founded as a money exchange house in 1979, signed an agreement with Syndicate Bank in 1983 to manage the operations. The money exchange house has drawing arrangements with Syndicate Bank, Federal Bank and Punjab National Bank.