Government set to guarantee asset reconstruction company bonds
The centre is planning to offer guarantee to the bonds that will be floated by the proposed asset reconstruction companies (ARCs), a step which is expected to remove a major hurdle towards the setting up of ARCs in India.

Subramanyam sees greater FIs' role in mergers, acquisitions
Financial institutions will have to play an active role in funding the merger and acquisition activity which is gaining momentum, UTI chairman PS Subramanyam said on Thursday.

Y2K compliance deadline put off to March 1999
The Reserve Bank of India has extended the deadline for Y2K compliance for commercial banks to March 30, 1999 from December 31, 1998.

  Indonesian tender to push up Pakistan rice
  Garment exports quota to go on-line today
  Queensland raw sugar output seen down
  US to compensate wheat farmers for crop loss
  Commodity Briefing
  Banks may fall short of Q3 credit target
  Banks investment in FI bonds to fall to Rs 3,000 cr
  Sebi executive director Vijay Ranjan shunted
  Sebi plans 7-day book closure for mandatory paperless trades
  IBA Chief promises new vigilance chapter in a month
  Basle principles on the way, says Narasimham
  Stronger banks need better sops
  Reserve Bank ought to gear up for universal banking era
  Corporate Briefing
  "Widen scope of Samadhan scheme"
  Centre in no hurry to cut state-run banks stake
  Petro subsidies must stay, says Ramamurthy
  Centre unlikely to divest stake in ONGC till completion of McKinsey recast
  Executive Briefing
  Capital goods, industrial raw material imports decline
  ICE & SPICE