The Financial Express -- News

Thursday, May 22 1997

CBI to seek Interpol help to nab Bhansali

The Central Bureau of Investigation (CBI), which has launched a massive manhunt to track down CRB's Bhansali, will approach Interpol to nab the group chairman in case he has fled the country. It has also decided to probe the role of Credit Analysis & Research Ltd (CARE) which had given a "clean chit" to CRB Cap's fixed-deposit instrument.

Infrastructure Bond Issue

Funds mop-up: a who's who of the big-wigs

The list of banks and non-banking finance companies which have burnt their fingers in CRB Cap's `fund-raising drive' reads like a virtual who's who of the financial sector.

Debt offerers fear tight liquidity ahead

There is an imminent fear that the interest rates will rise by 50-100 basis point in the second half of calendar 1997.The rise is inevitable, say bond traders. Their reasoning is that the rising number of debt offers and improved credit offtake will tighten the liquidity conditions in the economy.

EC disclosure on bed linen dumping today

Mark to Markets -- Cheers for Cipla