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Standard Chartered launches new card:
Standard Chartered Bank has launched a special credit card for chartered accountants -- Chartered Card -- in partnership with the Institute of Chartered Accountants. "All the chartered accountants who are member of ICAI will be able to obtain this card without submitting any income-linked documents," a bank release issued recently stated. "This is a step further in our objective of becoming the most-preferred affinity program partner in India," it said.
Development Credit Bank opens branch:
The Development Credit Bank opened a Y2K compliant branch at Fort on Friday. On its first day, the bank did business worth Rs 20 crore. "The branch is positioned as a corporate business branch with capabilities to cater to the needs of corporates, individuals and NRIs," a bank release issued on Friday stated. The branch offers consultancy in foreign exchange and merchant banking.
Four-day repos results:
The RBI on Friday mopped up Rs 13 crore throughfour-day 8 per cent fixed-rate repos in government of India dated securities for parties holding SGL and current accounts. The RBI received only one application and accepted it.
Three-day repos today:
The RBI has announced three-day 8 per cent fixed-rate repos in government of India dated securities on October 17, 1998, for parties holding SGL and current accounts with it at mumbai. The eligible banks and institutions may submit their applications indicating the volume of repos in the prescribed form obtainable at the internal debt management cell, the RBI, Mumbai. Payment by applicants will be on October 17, 1998, and repurchase by the RBI on October 20, 1998.
Andhra Bank director:
All India Andhra Bank Officers Federation general secretary K Hari Babu has been nominated by the central government as director on the board of Andhra Bank for a period of three years. Hari Babu, a post-graduate in commerce, joined Andhra Bank as probationary officer in 1978 and was promoted to themiddle-management cadre in 1985.
Dena Bank programme:
Dena Bank had recently organised a unique programme to educate its clients to celebrate its year of customer celebration. "The programme was designed with an objective to facilitate better understanding of problems between the bank's officials and its clients," a bank release issued recently stated.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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This story was printed from Net Express located at http://www.expressindia.com. Net Express provides a portal to India, with news from The Indian Express and The Financial Express along with sites on travel and tourism, the entertainment industry, the power sector, the environment and much more.
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