Banking and Finance
Nabard award for TN co-op bank
THE Tamil Nadu State Cooperative Bank has been awarded the second prize at the national-level competition for best performance in 1998-99, instituted by the National Bank for Agriculture and Rural Development (Nabard), according to a Nabard press release .

Merger of GIC arms on cards?
THE merger of the four nationalised general insurance companies into a single entity may be round the corner, with the alternative fast emerging as the most favoured option for restructuring the Government-owned non-life insurance set-up in the country.

Call seen steady around 7 pc
according to the weekly update on fixed income securities from ICICI Securities (I-Sec).

PNB hopes to double advances in personal banking segment
PUNJAB National Bank (PNB) has drawn up plans to double its advances in the personal banking segment in the Mumbai zone this fiscal.

Confused CP norms
THERE seems to be a lack of relationship between the Draft Guidelines on Commercial Paper from the RBI and the Report of the Internal Group of the central bank.

Citibank launches Platium Card
# Citibank today announced the launch of `the Citibank Platinum Card' in association with Mastercard International.

Lightning strike by Andhra Bank staff
HYDERABAD: The employees of Andhra Bank working in the twin cities of Hyderabad and Secunderabad are going on a lightning strike on Tuesday as part of their protest against the management's anti-employee policies, especially against the mass transfers resorted to by the bank's management recently.

Netravati Grameena business up 38.6 pc
MANGALORE: Netravati Grameena Bank, sponsored by Syndicate Bank, has registered a 38.6 per cent increase in total business during the year 1999-2000 to achieve a total turnover of Rs. 62.73 crores. The bank has also earned a profit of Rs. 50.25 lakhs dur ing this period and hopes to increase its profit to Rs. 1.12 crores during 2000-2001.

BoB board meet on final dividend
MUMBAI: The board of directors of Bank of Baroda will be meeting on August 7 to declare the final dividend for the year ended March 31, 2000. According to a press release, the dividend will be paid from August 9, 2000. -- Our Bureau

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