Nabard MD appointed Bhopal ombudsman: Nabard managing director PVA Rama Rao has been appointed as banking ombudsman at Bhopal with effect from November 27. He will be taking charge from AK Pandya who who completed his tenure on September 30.

Four-day repos results: The RBI on Friday did not receive any application for its four-day 8 per cent fixed-rate repos held in government of India dated securities for parties holding SGL and current accounts.

RBIrejects Cifco Finance registration: The RBI on Friday rejected the application for certificate of registration submitted by Cifco Finance. "The company cannot transact the business of a non-banking financial institution as defined in Clause (A) of Section 45 IA of the RBI Act, 1934," an RBI release issued on Friday stated.

Three finance firms' registration rejected: The RBI on Friday rejected the application for grant of certificates of registration submitted by three companies -- Pagia Finance, Vishwakarma Securities, Soumya Vishnu Hire Purchase. "All the three companies cannot transact the business of non-banking financial institutions as defined in Clause (A) of Section 45 IA of RBI Act 1934," an RBI release issued on Friday stated.

Crisil assigns P1 rating to TTK Prestige debt plan:Crisil has assigned a P1 rating to the Rs 10-crore commercial paper of TTK Prestige Ltd. The rating reflects the stable industry prospects for the pressure cooker industry, the company's strong marketposition, the efficiencies of the company's operations and the moderate financial risk profile. "The rating is limited by concerns regarding labour problems faced by the company in the past and the working capital intensity of operations," a Crisil release issued recently stated.

Four-day repos today: The RBI om Friday announced the auction of four-day 8 per cent fixed-rate repos in government of India dated securities for parties holding SGL and current accounts on November 28. Payment by application will be on November 28 and repurchase by the RBI on December 2.

Duff and Phelps rates Ideal Financing debt: Duff and Phelps has assignd an Ind BBB- rating to the fixed deposit programme of Ideal Financing Corporation. The rating indicates that the protection factors are considered sufficient for investment. "The risk to the rating emanates from the company's ability to step up its recovery mechanism and keep the NPA levels within manageable limits," a company release issued on Wednesdaystated.

Duff and Phelps rates Paragon Finlease debt: Duff and Phelps has assigned an Ind 5 rating to the collective investment scheme of Paragon Finlease Agro Forest. The rating indicates non-investment grade and poor ability of the company to meet stated obligations to the investors on time. "The scheme can be expected to default on its stated obligations," a company release issued on Wednesday stated.