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Dec 14, 2007

Corporation Bank offering ‘financial health check-up’

Corporation Bank will now offer a ‘financial health check-up’ for its customers. The bank is offering this service at two of its centres, Mumbai and Bangalore. Customers can get their finance portfolio examined, find out if it is a healthy mix and get advice on making investments. The bank plans to introduce this service at all its other important centres. The service in Mumbai was launched by Mr T.S.Vijayan, Chairman, Life Insurance Corporation of India. To supplement this service, the bank has also set up an ‘Investment Shoppe’, which is a one-stop shop that will offer loans, mutual funds (13 tie-ups), retail gold, demat services as well as offline and online trading. It will also offer non-life insurance products from New India Assurance, life products from Life Insurance Corporation. The bank can also collect direct tax, excise duty and custom duty with online remittance facility at this outlet. The bank is also running a pilot for ‘mobile banking’ at 2,000 merchandise institutions. “Mobiles are more secure than credit cards. The customer can transfer money from his account to his mobile and also use it instead of a credit card to pay his bills at a retail outlet,” said Mr Sambamurthy, CMD, Corporation Bank.

Canara Bank hikes offer price for Can Fin

Canara Bank has hiked its offer price to Rs 63 a share to the shareholders of Can Fin Homes from Rs 58 a share announced in August this year. The announcement to this has been made by Indbank Merchant Banking Services, which is managing the offer on behalf of the bank.

OBC is Recruiting - Click here for more details

Oriental Bank of Commerce is recruiting 200 probationery officers. Last date for application 14.01.2008