Banglore, Sep 4 - The Indian subsidiary of International Business Machines (IBM) is collaborating with three engineering colleges in Madhya Pradesh to develop software skills of their students, the company said Friday.

IBM will train students of Government College at Jabalpur, Shri Vaishnava Institute of Technology and Science at Indore and Mahakal Institute of Technology at Ujjain.

'Students will get first-hand experience of the software products deployed on the campus,' IBM India vice-president for marketing and ecosystem Anil Menon said.

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Vijaya Bank targets 19 percent deposit growth

Kolkata: Vijaya Bank has set a target of 18-19 percent deposit growth and 20-22 percent in credit this fiscal, a top bank official said here Friday.

'The busy season and the festive season are yet to start. There has been a pick-up in agriculture loan sector also and that will add to the growth of credit,' said bank chairman and managing director Albert Tauro at conference on the banking sector organised by Confederation of Indian Industry.

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Bank of Maharashtra to raise Rs.300 crore

Kolkata: Bank of Maharashtra plans to raise Rs.300 crore this month, a senior company official said here Friday.

'We plan to raise Rs.300 crore in September via a mix of tier-I and tier-II bonds,' said executive director M.G. Sanghvi on the sidelines of a banking coference.

The bank has also sought recapitilisation of Rs.1,500 crore from the central government over a period of three years, which would be given in three phases.

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US fund invests $4 mn in Apollo Hospital firm

Bangalore: Silicon Valley venture fund Greylock Partners will invest $4 million in Health-Hiway, a healthcare solution firm of Apollo Hospital group, for providing cost-effective IT solutions to partners and end-customers, the company said Friday.

'The venture capital will help us provide service infrastructure for healthcare providers to collate patient data,' Health-Hiway chief executive Ashvani Srivastana said in a statement here.