Vishnu Deuskar to be ABN Amro Bank country representative
ABN Amro Bank on Thursday said that it had appointed Mr Vishnu Deuskar as the country representative for the bank’s Indian operations following the resignation of Mr Romesh Sobti.

Experts see easier withholding tax regulations for PSU banks
State-run banks need not pay withholding tax on syndication of external commercial borrowings (ECBs) for their corporate clients if the same is to be raised through their own overseas branches

State Bank of Hyderabad records Rs 150-cr net
State Bank of Hyderabad (SBH), a premier associate of SBI, has posted a net profit of Rs 150.22 crore for the year 2000-01 registering a higher growth rate of 17.53 per cent over the previous year.

IBA group to formulate multiple banking rules
The Indian Banks’ Associations’ (IBA) is all set to frame guidelines which will set a common code for banks in multiple banking. The working group is yet to finalise the guidelines and is due to meet early this month.

Birla Sun Life outlines three-pronged strategy
Birla Sun Life Insurance Company has decided to follow a three-pronged strategy of product differentiation, transparency and flexibility to penetrate and make inroads into the domestic life insurance sector.

Dena Bank likely to post Rs 250-cr loss
Market Round-Up