Andhra Bank has announced that Andhra Bank, Bank of Baroda and Legal and General Insurance U.K., have signed the Subscription and Shareholders Agreement on March 04, 2008, for a Joint Venture to launch Life Insurance operations.

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Corporation Bank has announced that the Bank has been informed by the Indian Banks’ Association that the United Forum of Bank Unions (UFBU) has given a call for strike on

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Corporation Bank has announced that the Bank has signed a Memorandum of Understanding
with Credit Analysis & Research Ltd (CARE) on December 20, 2007 for assigning credit rating to
SME units and also Bank loan Rating to existing / prospective customers of the Bank

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Polaris Software Lab Ltd on November 13, 2007 announced the launch Intellect 787, its Next Generation Retail banking Platform at the BAI Retail Banking Convention in Las Vegas. Built on J2EE architecture and the next-generation Services Oriented Architecture (SOA) technology, Intellect 787 will enable Retail-banking businesses in the US to capitalize on growth opportunities in […]

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ING Vysya Bank Ltd has announced that based on the analysis of bids received from the qualified institutional buyers pursuant to the proposed issue of Equity Shares through qualified institution placement (”QIP”) under Chapter XIII-A of SEBI (Disclosure & Investor Protection) Guidelines 2000 and in consultation with Enam Securities Pvt Ltd, the Lead Manager,

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Icici bank cuts deposit rates by upto 50 bps on special deposit schemes with effect from Nov 12, 2007.

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