The Indian Express -- Business

Tuesday, October 07 1997

FOREX RATES INDICES STOCK

RBI rules out fund to salvage banks

The Reserve Bank of India ( RBI) Governor C Rangarajan has ruled out setting up of an asset reconstruction fund (ARF) to clean up the balance sheets of various public sector banks off the burden of bad debts.

NSE satellite woes hit BSE turnover

The temporary closure of the National Stock Exchange (NSE) following the failure of Insat-2D satellite has led to the stoppage of arbitrage business among stock exchanges. Contrary to expectations that the Bombay Stock Exchange (BSE) would benefit from the closure of the NSE, the BSE turnover had actually fallen from an average of Rs 850 crore to Rs 588 crore on Monday.

State Bank overseas branch revamped

The State Bank of India inaugurated its fully-computerised overseas branch at the World Trade Centre in Mumbai today. The branch is the largest branch in the country and was the first overseas branch to be set up by the bank in 1976.

BSE gets tough with wrong deliveries

RBI rules out fund to salvage banks

NSE satellite woes hit BSE turnover

FIs likely to bail out Canara Bank

FIs reluctant to divest AEC stake

Infosys posts 74% growth in income

Germany may ban Indian fruits

Sensex gains marginally

Shukla refuses to join expert group on patents

State Bank overseas branch revamped

NCAER predicts recession will end

Maharashtra may agree to partial restructuring of MSEB

Bizbits -- BSE gets 4,164 complaints

US makes good threat on India's import restrictions

11.5% hike in air fare, rail freight rates up