Icra has reaffirmed the `MAAA' rating assigned to the fixed deposit programme of Power Finance Corporation. The rating indicates highest safety, which reflects the corporations's sovereign ownership and its important role in financing the power sector.

StanChart unveils rail card

Standard Chartered Bank has unveiled a co-branded credit card with Indian Railways called `Standard Chartered Rail credit card.' A card-holder can use tele-booking faility to buy railway tickets. Tickets thus booked will be handed over to card-holders through a special counter.

Visa ATMs cross 5 lakh mark

Visa Internaional has more than 5,00,000 ATMs in 120 countries in the Visa Global ATM network. In 1998, Visa added more than 60,000 ATMs world-wide to its network, a 12 per cent increase as compared with the previous year.

Corp Bank CMD bags award

Corporation Bank chairman and managing director RS Hugar has been conferred the Internatioinal Goldstar Award 1999 by theLondon-based India International Friendship Society. The award was presented to Hugar in London by India's high commissioner to United Kingdom, LAlit Mansingh on June 23, 1999.

Khaddarwal Leasing application rejected

RBI has rejected application for certificate of registration submitted by the Uttar Pradesh-based Khaddarwal Leasing. The company cannot transact the business of a non-banking financial institution.

Infosys meet

Infosys Technologies will hold its annual bancit conference on July 2 and 3 with the theme being "banking in the next millenium-from strategy to implementation". The conference will highlight the latest in information technology in banking system.