Banking and Finance
`No identified surplus staff strength at IOB'
INDIAN Overseas Bank (IOB), according to its General Manager, Chennai region, Mr R. Natarajan, has ``no identified surplus staff strength''.

Call rates to stay range-bound
CALL rates are expected to remain firm in the 9 to 10 per cent range this week, according to ICICI Securities (I-Sec). In its weekly update on fixed income securities, I-Sec said that liquidity was likely to be tighter during the week due to an estimated Rs 5,000-7,000 crore of advance tax outflows. Tier I refinance at Rs 10,823 crore is almost fully drawn and there are inflows of only Rs 1,400 crore through coupon and redemptions.

BoB retail lending cell
COIMBATORE: Bank of Baroda (BoB) has inaugurated its retail lending cell and seven-day banking at its Saibaba colony branch in the city. -- Our Bureau

Birla Home in 50:50 venture with German co
BIRLA Home Finance Ltd (BHFL), a wholly-owned subsidiary of Chambal Fertilisers and Chemicals Ltd, on Monday announced a tie-up with BHW Holdings AG, Germany, for a 50:50 joint venture.

NPA recovery on target, says IOB
INDIAN Overseas Bank is confident that its non-performing assets (NPA) recovery is on target and it will end the current financial year with an operating profit of Rs 250 crore.

IOB chief hopeful of capital market revival
THE capital market, now virtually in the dumps, is sure to pick up within a year or so, according to Mr R. V. Shastri, Chairman and Managing Director, Indian Overseas Bank (IOB).

Reforms for the apex bank
FOREX, securities and the equity markets are up to their old tricks and none has a clue to the widespread gloom. The rupee is back to its habit of bowing to the dollar and securities have lost a sizable 25 to 30 paise in a single day.

Russian banking team hold talks
MUMBAI: A high-level Russian banking delegation comprising representatives from the Central Bank of Russia, the Russian Ministries of Finance and Commerce, major Russian banking institutions, including Bank for Foreign and Economic Affairs of USSR (BFEAU ), visited the RBI, New Delhi, last week.

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