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Public
banks get set for PLR cut
After going ahead with deposit rate cuts, state-run banks
are actively considering a cut in their prime lending
rates.
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First
signs of recovery are here, says Sinor
Industry is showing initial signs of recovery, said ICICI
Bank’s joint managing director HN Sinor, speaking
to the media on the sidelines of a seminar on ‘Evolving
Debt Markets: Opportunities beyond AA’ organised
jointly by ICICI Bank and Fitch Ratings.
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PNB
issued notices to 75 defaulters in Dec 2002
The Punjab National Bank, east UP zone has adopted some
tough postures against major loan defaulters and has issued
notices to 75 major loan defaulters during the last one
month.
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Mumbai
EOW slammed for releasing Pendse’s passport
Tata Finance Ltd legal counsel said at the 19th Chief
Metropolitan
Magistrate’s court in Mumbai on Friday that former
managing director Dilip Pendse was "not traceable"
when the Delhi police went on a look-out for the prime
accused, and blamed the Mumbai Economic Offences Wing
for releasing his passport without the court’s permission.
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CMIE
revises real GDP growth forecast to 3.7%
The Centre For Monitoring Indian Economy has revised the
growth forecast for real gross domestic product from 3.1
per cent to 3.7 per cent for the fiscal 2002-03, largely
based on expected improvement in the industrial and services
sector.
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