|
Nidhis
want to be covered under Securitisation Act
Chennai: For more than a century-and-a-half, the `Nidhi'
non-banking finance companies, had been doing geography-specific
lending, against the security of property and jewels.Typically,
repayments of loans against property were delayed, but
recoveries were 100 per cent.
Back
to News Review index page
IDBI
Bank eyes housing portfolio
Mumbai: IDBI Bank Ltd is likely to acquire retail
portfolios of other banks or finance companies once clarity
on its merger with parent, Industrial Development Bank
of India (IDBI), emerges.
Back
to News Review index page
TU
urges recap funds for primary co-op banks
Chennai: The All India Co-op Bank Employees' Federation
has reiterated its demand for recapitalisation assistance
to primary co-operative banks.
Back
to News Review index page
RBI
asks states to augment revenues
Mumbai: The Reserve Bank has expressed concern over
the huge fiscal and revenue deficits in several states
in the recent years, and asked them to make concerted
efforts to augment their revenue receipts to ensure adequate
funds for developmental activities.
Back
to News Review index page
|
