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CCIL
proposes tough guarantee system |
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The Clearing Corporation of
India Ltd has recommended a stringent guarantee system for settlements
of dealings in government securities and forex exchanges. CCIL
has also set up two separate advisory groups to look into these
proposals. |
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Cost
of ATMs dips as banks expand network |
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The cost of automated teller
machines has dropped sharply by almost 50 per cent over the
past two years as more and more banks in the country expand
their ATM networks. Accordingly, ATM rentals too have taken
a dip, and across the banking sector, players are eyeing tie-ups
with other banks for ATM sharing. |
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Bill
on security interest by banks, FIs discriminatory: NBFCs forum |
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The Creation and Enforce ment
of Security Interest by Banks and Financial Institutions Bill,
2001 initiated by the Reserve Bank of India may not be in the
best interest of non-banking finance companies although it aims
to facilitate the recovery of outstandings, according to chairman
of Association of Leasing & Financial Services Companies
Farouk Irani. |
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CBI
to probe missing Bank of Maharashtra manager’s case |
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Bank of Maharashtra has handed
over the case of a missing branch manager to the CBI. Mr D Chanda,
45, the manager of the New Alipore branch of the bank has been
reportedly missing for the last two months along with his entire
family. |
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