PJ Nayak is UTI Bank CMD
PJ Nayak has joined the UTI Bank, as its chairman and managing director effective January 1, 2000. Prior to his appointment at the helm of the affairs of the new private sector bank, PJ Nayak was working as the executive director of Unit trust of India, the promoting financial institution for UTI Bank.HDFC Bank may pick stake in CAMS
The HDFC Bank board has approved picking up 26 per cent of the equity in Computer Age Management Services, engaged as registrar and transfer agent and ACSYS Software India, which is into developing software primarily relating to registrars and mutual funds.
Icra assigns A1 to Godrej Soaps CP
Icra has assigned an `A1+' rating to the Rs 30 crore commercial paper programme of Godrej Soaps Ltd. The rating indicates highest safety. "The rating takes into account, the strong liquidity position from sale of the company's stake in a group company along with the improved working capital management and release of funds from group companies," said a Icra release issued on Monday.
IndusInd Bank board meet
The board of directors of IndusInd Bank is scheduled to meet on January 14, 2000, at Mumbai to consider and take on record, the unaudited financial results of the bank for the quarter ended December 31, 1999.
HDFC Bank board meet
The board of directors of HDFC Bank is scheduled to meet on January 11, 2000 at Mumbai to consider and take on record the unaudited financial results of the bank for the quarter ended December 31, 1999.
Canara Bank's retail operations
The Bangalore-based Canara bank is reinforcing its retail operations by partnering with corporates for financing their employees' purchases, modifying its existing products and adopting new technology solutions to improve service delivery. "We are going to corporates to work out agreements by which we can finance the purchase of consumer durables by their employees as well as extend personal loans to them," said executive director Ranjana Kumar.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.