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Pvt
banks, insurers turn aggressive sellers
Mumbai: Bond markets remained subdued last week partly
due to the large-scale profit-taking and sales by some
of the large private sector banks.The ten-year yield to
maturity (YTM), however, firmed to 5.87 per cent last
week from the earlier week-end's 5.89 per cent. Throughout
the week, traders said that there was some large scale
selling by some of the banks and private insurance companies
to meet their liquidity needs
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IDBI,
Bank merger ruled out
Mumbai: In what is likely to put a swift end to a
family tussle, the Government has decided against pressing
for a merger of Industrial Development Bank of India (IDBI)
with its sibling, IDBI Bank Ltd.
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