Banking and Finance
UTI Bank plans to raise fresh capital
UTI Bank proposes to raise fresh capital to improve its capital adequacy position, according to the Chairman and Managing Director, Mr. P.J. Nayak. This would be finalised by mid-January 2001.

Mobile banking!
NEVER assume that certain terms are understood by everyone in the same way simply because you think they are universally used. That's the message we got from this hilarious incident. We met a senior new private bank official and asked him about his bank' s mobile banking plans.

An hour in the life of a bank branch manager
THE job of a bank branch manager must qualify for among the most stressful in the world, perhaps next only to that of air traffic controllers. The work load is prodigious, despite computerisation, and the demands on time punishing. Decisions have to be made every minute and some of them tricky ones.

PNB cuts rates on FCNR (B) deposits
PUNJAB National Bank (PNB) has reduced the interest rates on the Foreign Currency Non-resident (Banks) scheme for dollar and pound deposits by 25 to 35 basis points with effect from December 9.

Centurion Bank gets nod for 15 more branches
CENTURION Bank has received the Reserve Bank's clearance to open 15 more branches in the current year. The bank plans to use the licences to expand more in the South and the West.

ICC plans to extend card defaulters database
THE India Cooperation Committee (ICC), the working group of MasterCard banks in the country, is deliberating on expanding the scope of its Negative File Project, currently covering ``delinquent cardholders'', to other banking ventures such as NBFCs and c ellular phone operators.

Insurance
Insurance not seen as an investment: Study
AS India's insurance industry stands on the threshold of privatisation, it the mindset towards investing into this sector which has to change. Recently the Mumbai-based market research agency, Blackstone Market Facts, unveiled a study to understand the b arriers to insurance in the country.

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