State Bank of Indore branches to operate as SBI's

All branches of State Bank of Indore will function as branches of State Bank of India from friday,said the Reserve Bank of India,in a press release issued on Tuesday.Customers ,including depositors of State Bank of Indore will be able to operate their accounts as customers of State Bank of India with effect from the said date.(BL25082010)

Credit bureaus rush in sensing growing opportunity

Banks will soon have greater choice in selecting their source of information as more credit bureaus seek a share of the growing number of financial product users in India, the world's second -fastest growing major economy,after China.While new bureaus would get an opportunity to tap the large economy,some analysts say the competition could force some of the bureaus to focus on niche,besides constantly improving products and operating on thinner margins.The first and currently the most dominant ,Credit Information Bureau(India)Ltd. or Cibil,may soon be jostled by at least three others entering the Indian market,including ExperianPic.,Equifax Inc.and High Mark Credit Information Services.(BS23082010)