Friday, August 28, 1998
Federal Bank, ICICI join hands for core, corporate lending
Federal Bank Ltd (FBL), the largest private sector bank in the country, has tied up with ICICI for jointly addressing infrastructure and corporate lending activities. ICICI will appraise the projects and the bank will look after project funding and advances towards working capital needs of the corporate sector.
Sebi forms panel on risk management for futures
Sebi has, in a subtle move, set up a committee on risk management for futures and options under the chairmanship of J R Varma, who had headed the modified carryforward committee. The committee was set up by Sebi soon after it had approved the L C Gupta committee recommendations on introduction of derivatives.
North Block, Sebi slug it out over introduction of rolling settlement
The move to introduce rolling settlements across-the-board in the stock exchanges has resulted in a war of words between the Union finance ministry and the Securities & Exchange Board of India. While the finance ministry is keen to kick-off rolling settlements within six months, Sebi is of the view that the thrust should be on dematerialisation.
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