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FIIs
net inflows at $7.59 bn in FY03
Mumbai: Buoyed by a conducive investment environment,
net inflows of foreign institutional investors (FIIs)
in the Indian equity and debt markets recorded an almost
10-fold rise in 2003 at Rs 35,153.8 crore as against Rs
3,677.7 crore registered in the previous year.
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Banks
told to hike margins on advances against shares
Mumbai: The Reserve Bank of India has directed
banks to raise the margin on all advances against shares
and financing of initial public offerings and issue of
guarantees from 40 per cent to 50 per cent with immediate
effect.
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