Thursday, December 17, 1998
RBI tightens disclosure norms
The RBI is tightening disclosure norms on the lines of the Narasimham committee recommendations. Banks are being forced to disclose the maturity pattern of loans and advances, investment securities, deposits and borrowings.
Inter-corporate loan hurdles removed
The Cabinet has removed several restrictions put on the ability of corporates to make either loans or investments in other companies, including their own subsidiaries.
Mallya-Chhabria battle for HL spills over to markets
The battle between Kishore Chhabria and Vijay Mallya over the control of Herbertsons Ltd has spilled over to the stock markets with the company's share price and volumes touching new peaks.
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