Monday, August 24, 1998
National depository unveils its stock-lending module
The National Securities Depository (NSDL) has put in place its stock-lending module for facilitating activity through the depository system. The implementation of the module is critical as almost the entire stock-lending is going to be undertaken through the depository and its participants, with most intermediaries only willing to undertake activity in demat shares.
IDBI keen to sell off Sidbi stake to RBI, not Centre
Term-lending institution Industrial Development Bank of India (IDBI) is lobbying hard to divest 51 per cent stake in its
Banks allowed to keep 50% of RIB mopup
State Bank of India has allowed collecting banks to retain half the amount collected by them through the issue of Resurgent India Bonds. Initially, these banks were allowed to keep only 50% of amount underwritten by them. It is likely that almost all the 14 collecting banks and the 20 broking banks will exceed the underwritten amount.
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