The Financial Express -- Markets

Sunday, June 8 1997

Reserve Bank bars Global Fin from accepting deposits The Reserve Bank of India (RBI) has barred Global Finance Corporation (GFC) from accepting deposits in any form with immediate effect. The Calcutta-based non-banking finance company is closely connected to the infamous CRB group.
Unit Trust targets Rs 150 crore mop up for Index Equity Fund Unit Trust of India (UTI) has set a collection target of Rs 150 crore for its "UTI Index Equity Fund". The fund will invest only in the NSE-50/BSE-30 scrips and is a seven year close-ended pure growth scheme with listing on both NSE and BSE.	Rice, pulses and sugar decline; gold higher Barring gram, steady-to-weak conditions prevailed on the local grains and pulses market yesterday. On increased offerings from Punjab and Haryana millers coupled with slack demand from Eastern Indian buyers, rice permal on the local market dipped by Rs 10-25 a quintal.

Reserve Bank bars Global Fin from accepting deposits