Dena Bank, HDFC Bank sign MoU
Dena Bank has entered into an alliance with HDFC Bank for providing services in correspondent banking, cash management, reciprocal sharing of ATM network and issue of co-branded debit cards. An MoU to this extent was signed between Dena Bank's chairmen and managing director AG Joshi and HDFC Bank's managing director, Aditya Puri.Nimbalkar is Sidbi CMD
Centre has appointed PB Nimbalkar as chairman and managing director of Small Industries Development Bank of India (Sidbi). Mr Nimbalkar has three decades of experience of development banking having sucessfully served in RBI, IDBI, besides Sidbi since its inception in 1990.
Birla Sun Life gets insurance license
Birla Sun Life Insurance, a joint venture between AV Birla group and Canada -based Sun Life Financial Services, has received license to commence life insurance business in the country.
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