|
Equity
conversion option for corporate debt revamp
Mumbai: The Reserve Bank of India has decided to
classify two categories of debt restructuring under the
revised corporate debt restructuring scheme. The first
category will comprise accounts classified as `standard'
and `sub-standard' and will comprise accounts classified
as `doubtful'.
Back
to News Review index page
After
India upgrade, Moody’s raises ratings of local banks
New Delhi: Moody’s Investors Service on Wednesday
upgraded the foreign currency deposit, debt and issuer
ratings of Indian banks and financial institutions.
Back
to News Review index page
CCIL
to launch online cross-currency TPS
New Delhi: The Clearing Corporation of India Ltd
is planning to launch third-party settlement of foreign
exchange cross-currency trades on an online basis, a process
through which non-members would also be allowed to settle
forex trades through the continuous linked settlement
system.
Back
to News Review index page
Indian
Bank gross profit zooms 220 per cent to Rs 370 crore in
nine months
Mumbai: Indian Bank has registered a gross profit
of Rs 370.10 crore for the nine-month period ended December
31, 2002 compared to Rs 115.76 crore in the corresponding
period of the previous year-a growth of about 220 per
cent.
Back
to News Review index page
New
currency processor at RBI Mumbai offices
Mumbai: The Reserve Bank of India (RBI) has installed
the Currency Verification and Processing System (CVPS)
in its Mumbai offices for faster and secure processing
of soiled currency notes.
Back
to News Review index page
Banks
upset over higher ECGC fees
Mumbai: The Reserve Bank of India has questioned
the rationale of Export Credit Guarantee Corporation (ECGC)
hiking charges on its `Credit Guarantee Covers' offered
to banks.
Back
to News Review index page
KPFC
gets `A' category from RBI
Kochi: Kerala Power Finance Corporation (KPFC),
a State Government company, has been granted `A' category
by the Reserve Bank of India (RBI). This will enable the
company to accept fixed deposits on its own, subject to
the RBI's NBFC regulations.
Back
to News Review index page
Karnataka
Bank cuts PLR
Bangalore: Karnataka Bank has announced a reduction
in its prime lending rates (PLR) by 0.50 percentage points.
The bank's PLR will be 12 per cent with effect from March
1.
Back
to News Review index page
Banks
in no mood to exempt States - Action under Securitisation
Act for NPA recovery
Kolkata: Public and private sector banks have sought
States' cooperation in recovering outstanding dues from
loan defaulters, including State-owned public sector entities
through the Securitisation Act of 2002.
Back
to News Review index page
State
Bank hikes stake in DFHI
Mumbai: State Bank of India (SBI) has hiked its
stake in Discount and Finance House of India Ltd (DFHI)
to 51 per cent. As on March 31, 2002, SBI and associates
held 32.76 per cent stake in DFHI.
Back
to News Review index page
|
