Government mulls reduction in IDBI stake to 49%
The Centre will reduce its stake in the Industrial Development Bank of India (IDBI) from 72.69 per cent to 49 per cent during the current fiscal. A number of options are being weighed for carrying out the exercise.

Center privately places Rs 5,000 crore with RBI
The government privately placed Rs 5,000 crore with the Reserve Bank of India on Monday. This is the second private placement by the government in the past one month. Earlier it had placed Rs 3,000 crore with the RBI on October 16.

Institution-guaranteed debt-exposure norm will hit banks, says I-Sec report
The recent exposure norm that bank investments in bonds and debentures of corporates guaranteed by public financial institutions (PFIs) will be considered as an exposure by the PFI is likely to have a negative impact on bank investments.

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  Financial Briefing
  Vajpayee to launch "swadeshi mela" soon
  India, Myanmar to enhance inter-bank arrangements to boost border trade
  Software funding set to treble in next two years,says IBA
  World Bank team meets RBI top brass
  Executive Briefing
  PIO scheme to be unveiled on November 12