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Friday, March 26, 2004
Micro-finance entities cannot accept deposits: RBI
MUMBAI, MARCH 25.Micro-finance institutions will not be allowed to accept public deposits as it would place public money at a risk judging from the recent experience of urban co-operative banks, the Reserve Bank of India Governor, Y. V. Reddy, ...
`No specific target for rupee-dollar rate'
MUMBAI, MARCH 25.The Governor of the Reserve Bank of India, Y. V. Reddy, today said the exchange rate was market determined and there was no specific target set for the rupee vis-a-vis the U.S. dollar. The rupee continued gaining for the sixth ...
Strengthen DFIs for sustained economic growth, says survey
NEW DELHI, MARCH 25. The Federation of Indian Chambers of Commerce and Industry (FICCI) today asked the Government to make a portion of long-term funds available to the development financial institutions (DFI) to enable them to meet the financial ...
SEBI rejects ICICI Bank's plan for retail investors
MUMBAI, MARCH 25. The Securities and Exchange Board of India has turned down ICICI Bank's proposal to reserve 10 per cent of its equity issue aggregating up to Rs. 3,500 crores for existing retail investors of the banking entity. "The proposal is ...
Canara Bank's ATM at Bangalore Airport
BANGALORE: Canara Bank aimed to have 500 ATMs covering 100 centres by March 31, the bank's Chairman and Managing Director, R. V. Shastri, said. He was speaking at the opening of a new ATM at the Bangalore Airport here on Thursday. The bank had ...
150 p.c. interim from RITES
NEW DELHI: RITES Ltd., a PSU under the control of the Union Railway Ministry, has declared an interim dividend of Rs. 4.38 crores, which is 150 per cent of its enhanced paid-up capital after the issue of 1:1 bonus in October 2003. Last year, it ...
Central Bank's thrust on SSIs
CHENNAI: Central Bank of India has embarked on an initiative that can change the fortunes of small-scale, ancillary and tiny industries. "The bank has schemes and plans to accelerate the progress of SSIs by involving large-scale business in ...
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