Monday, October 12, 1998
Bring mutual funds within recovery tribunals ambit: Reserve Bank panel
The working group set up by the Reserve Bank of India to review the functioning of debt recovery tribunals (DRTs) has suggested that mutual funds (MFs) can be brought under the purview of DRTs to recover their dues.
IPCL moots Baroda complex tie-up with IOC's Koyali unit
The Indian Petrochemicals Corporation (IPCL) has, in a paper submitted to the government, suggested a strategic alliance between its Baroda complex and Indian Oil Corporation's (IOC's) Gujarat refinery at Koyali.
SBI advances' portfolio shrinks 2% in first half
State Bank of India has registered negative credit growth in the first half (April-September) of the current fiscal. The bank's portfolio of domestic advances has come down to Rs 63,000 crore in September, showing close to a 2% fall in its credit portfolio.
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