
Friday, July 9, 1999
SBI to unveil 5-year loan for recession-hit firms
The State Bank of India has decided to launch five-year maturity "corporate loans" to support recession-hit domestic companies. This will essentially be an another window to help corporates facing cash-flow problems.
Supreme Court vacated UBI plea, Dunlop tells court
Dunlop India Ltd has told the Calcutta high court that the Supreme Court has vacated a special leave petition filed before it by the tyremaker's creditor-banker United Bank of India, according to its application before Justice AN Ray.
RBI okays Sahara residuary finance firm plan
Sahara India parivar has been granted certificate of registration by the Reserve Bank of India (RBI) for its residuary non-banking company (RNBC), the Sahara India Financial Corporation Ltd (SIFCL).
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