Tuesday, September 22, 1998
Sebi takes note of BSE's failure to implement exposure norms
The Securities and Exchange Board of India (Sebi) is expected to take cognisance of the absence of the prescribed gross exposure limit norms at the Bombay Stock Exchange (BSE) in its investigation report on the payment crisis.
RBI holds key to boost Cofei's turnover
The domestic coffee futures exchange is eagerly awaiting the Reserve Bank of India's clearance to two leading banks to become the exchange's institutional clearing members (ICMs) so as to improve its turnover and liquidity. Cofei had cleared applications from Vysya Bank and Abn Amro to become institutional clearance member of the exchange and they were now pending before RBI.
Reserve Bank plans to set a timetable for gilt auctions
The Reserve Bank of India has in-principle agreed to a timetable for auctions of Government of India securities, said SK Mukherji, the outgoing managing director at Discount and Finance House of India (DHFI). At present, there is a timetable for 14-, 91- and 364-day treasury bills auctions. Besides, the RBI has announced a repo calendar. However, there is no timetable for dated government securities.
|
|
