BoI net falls 45%, to pay less
Bank of India (BoI) has reported a massive 45% decline in its net profit at Rs 201 crore for the fiscal 1998-99 as compared to Rs 364 crore reported in the previous fiscal.

BoB net down 8%, pays 30% dividend
Bank of Baroda (BoB) has posted an 8% drop in its net profit to Rs 421 crore for the financial year 1998-99, down from Rs 458.73 crore in the previous year.

Sebi revamps margining system
The Securities and Exchange Board of India (SEBI) has revised the margining system and has done away with concentration margins in a bid to streamline and refine the existing systems on the stock exchanges.

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