Thursday, January 14, 1999
Retail rush for IDBI bond issue fearing rate cut
Industrial Development Bank of India (IDBI) has extended the deadline for the closure of its Flexibond-V issue by a day even as the retail investors are lapping up the issue apprehending an imminent fall in the interest rates.
FIs, banks want govt to ensure investor protection
Heads of financial institutions, banks and finance companies in a pre-Budget meeting with the finance minister Yashwant Sinha have urged the government to take steps to ensure investor protection in a bid to revive the primary market.
Crisil downgrades debt instruments of four firms
The fund-raising efforts of four companies suffered a severe setback with Credit Rating Information Services of India Ltd (Crisil) downgrading their debt instruments.
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