Rs 1,000cr mopup via three-day repos: The RBI on Thursday mopped up Rs 1,000 crore through three-day 8 per cent fixed-rate repos in Government of India dated securities for parties holding SGL and current accounts. The central bank received only one application and accepted it.

Mandvi Bank to open 4 branches in city: Mandvi Bank has received the RBI approval for opening four branches in Mumbai. The bank's deposit grew by 31.86 per cent during 1997-98 to Rs 149 crore from Rs 113 crore in the previous year. At present, the bank is awaiting a scheduled bankstatus. "The bank has developed a new training method for its employees," a bank release stated.

Duff & Phelps rates Maruti Countrywide debt: Duff & Phelps has assigned an Ind AA rating to the Rs 150 crore non-convertible debenture programme of Maruti Countrywide Auto Financial Services, indicating high credit quality. "Protection factors are strong, risk is modest, but may vary slightly due to the existing economic situation," a company release stated. It has also assigned an Ind D1+ rating to the Rs 50 crore commercial paper programme of the company. "The rating indicates high certainty of timely payment and liquidity factor, including internal operating factors and access to alternative sources of funds," it further stated.

Duff & Phelps rates Crystal Homefina debt: Duff & Phelps has assigned an Ind BBB- to Rs 50 lakh fixed deposit programme of Crystal Homefina Corporation. "The rating indicates that protection factors are considered sufficient for investment," it stated. The company isengaged in providing housing loans to individuals, employees of the group and associated companies and co-operative housing society.

PNB Delhi branch gets ISO 9002: Punjab National Bank's international banking branch in Delhi has been accredited with ISO 9002 certification for financing and allied services by the Bureau of Indian Standards. This is the first of the bank's 160 branches in the Delhi zone to be accredited with the certificate.