Indian Bank introduces account portability facility

“The customers can shift his or her account to any of the desired branch any number of times, without any change in the account number, with just a change in home branch code,” Indian Bank said in a statement

State-owned Indian Bank has introduced account portability feature which allows its customers to retain the account number even if they change the branch.

The facility would enable the customer to have the freedom of operating his or her account from any of the branches, Indian Bank said in statement.

"The customers can shift his or her account to any of the desired branch any number of times, without any change in the account number, with just a change in home branch code," it said.

"Customers can approach his home branch or the transferee branch with the request letter for transfer of account," it said.

Home branch having the customer's account certifies the 'know your customer' (KYC) documents while transferring the account to another branch, it added.

Indian Bank has got the account portability feature in-built in core banking software, for transfer of the deposit accounts from one branch to another branch, it said.

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Italian naval guards to be produced before local magistrate

The naval guards-Latore Massimiliano and Salvatore Girone-were arrested by Kerala Police on Sunday and brought to the land from the ship which was intercepted and wharfed at Kochi Port. They have been charged with murder under section 302 of the Indian Penal Code

Kollam (Kerala): Two naval guards of the Italian ship Enrica Lexie, charged with killing two Indian fishermen off the Kerala coast, would be produced before a local magistrate here Monday afternoon, reports PTI.

The naval guards-Latore Massimiliano and Salvatore Girone-were arrested by Kerala Police on Sunday and brought to the land from the ship which was intercepted and wharfed at Kochi Port.

They have been charged with murder under section 302 of the Indian Penal Code.

The deceased-Valentine Jalastine and Ajeesh Binki-last week set out to sea in a boat along with nine fellow-fishermen from Neendakara fishing harbour.

They were allegedly killed by the marines of the ship who fired at their boat on 15th February.

The Italian authorities have contended that the fishing boat was fired mistaking it to be a pirates' vessel.

After four days of negotiations involving Indian and Italian diplomats, the naval guards were arrested by police in Kochi on Sunday.

They were later questioned by a team of senior police officials including Kochi City Police Commissioner MR Ajith Kumar and Kollam SP Sam Christy Daniel.

An Italian delegation on Sunday met senior external affairs ministry officials here and discussed the killing of two Indian fishermen by the guards on board an Italian ship with both sides accepting that no armed personnel can fire on unarmed fishermen.

India is hopeful that Italy will co-operate in ensuring that law of the land takes its course.

Meanwhile, Cochin Port sources said the Italian vessel would be moved to the outer anchorage within the port limits.

The ship is presently inside the oil terminal due to which other oil tankers of various companies are finding it difficult to discharge cargo.

Two tankers of Kochi Refinery are in the outer harbour waiting to discharge their cargo containing furnace oil, Euro-III and Euro-IV products.

Cochin Port and Coast Guard would monitor the movement of the Italian ship, port sources said.

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Markets closed on account of ‘Mahashivratri’

The Bombay Stock Exchange (BSE), National Stock Exchange (NSE), foreign exchange, money and all commodity markets, including bullion, oils and oilseeds, are closed today for 'Mahashivratri'. Regular trading will resume on Tuesday.

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