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IIBF to launch diploma in banking & finance Indian Institute for Banking and Finance (IIBF), a premier training body promoted by public sector banks, is all set to launch a three-paper online diploma course in banking and finance. The institute is expected to offer it in the next academic session starting May-June 2007. "Even as there are a number of courses offered in banking for mid-career or junior executives, this will help in preparing a fresher with principles and practices of banking before they join a bank, said R Bhaskaran, CEO, IIBF. The institute will be soon introducing certificate courses in asset liability management, retail banking and risk management for working bank executives.

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PNB add-on debit card Punjab National Bank (PNB) on Tuesday announced that all the core banking solution (CBS) branch customers with PNB debit card could now have two add-on-debit cards for his/her family members, who may be spouse and dependent children not below 18 years. The bank said that the add-on-card holders are also covered under the accident death insurance of Rs 1 lakh. The debit card is issued free-of-cost to the primary cardholders as well as to the add-on-card holders. Insurance cover of Rs 1 lakh is also> available free-of-cost. No curbs on Sangli Bank Sangli Bank has clarified that the RBI has not imposed any restriction on it, including expansion of its advances. Responding to a report published in Business Standard on November 16 (RBI clamps down on Sangli Bank), the clarification points out that the RBI has not stopped the bank management from going in for large deposits and from increasing its lending exposure. Nor has any restriction been imposed on it to open new branches. PSBs to ink MoU with Rlys for ATMs Six nationalized banks, including Punjab National Bank, Bank of Baroda and Indian Bank, will sign a MoU with Indian Railways on Wednesday to set up 711 ATMs at railway stations across the country. This is the second biggest MoU for Railways after SBI signed an agreement with it in August to install ATMs at 681 stations across the country, with e-ticketing facility at 383 major stations in association with the Indian Railway Catering and Tourism Corp.