Sep 11, 2007
ICICI Bank in ‘phishing’ net?
India's largest private sector bank, ICICI Bank, is now in for a rude shock after a battery of e-mails that said that the bank's website was a victim of phishing, by which fraudsters steal passwords, user-names and other personal data of customers by setting up fake look-alike websites of companies.
YES Bank chalks out mega expansion plan
YES Bank is set for a mega expansion drive. The Rana Kapoor-promoted bank plans to foray into retail broking space and also carve out separate subsidiaries for existing banking segments. Besides, the bank is also looking for private equity investments to enlarge and enhance operations. While the retail broking business will be incorporated as a separate entity, YES Securities, the online transaction platform will be branded YES Direct. In fact, the bank is already looking at private equity placement for the new venture.
CBoP allots 13 cr shares to LKB shareholders
Centurion Bank of Punjab (CBoP) has allotted 13.21 crore equity shares to the shareholders of Lord Krishna Bank (LKB), which was merged with itself recently. The Reserve Bank of India (RBI) approved the amalgamation of LKB with CBoP and had said all branches of LKB would function as branches of CBoP with effect from August 29.
Bank unions defer strike
Bank employees have decided to defer the nation-wide strike called for Wednesday following the Indian Banks’ Association (IBA) assurance to commence negotiations on the unions’ demands within a fortnight.
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