Exim Bank's releases occasional paper
Export-Import Bank of India has brought out an occasional paper on `People's Republic of China: A study of India's trade and investment potential'. The paper is a study on bilateral trade between India and China and provides an insight into the institutional framework for Sino-Indian commercial ties. The paper was released on Friday by the Chinese consul-general in Mumbai Hyang Quanheng in the presence of Exim Bank managing director YB Desai and other officials of the bank.Cut-off price for 91-day T-bills
The RBI on Friday set a cut-off price of Rs 97.72 at the auction of 91-day treasury bills. Dealers said the yield was lower at 9.36 per cent against 9.48 per cent at the previous auction. There was no devolvement on RBI at the auction. The central bank said it received 24 competitive bids for Rs 232 crore at the auction. It accepted 11 bids for the notified amount of Rs 100 crore, yielding a partial allotment of 26.67 per cent for 2 bids.
14-day T-bill cut-off price
RBI on Friday set a cut-off price of Rs 99.69 at the 14-day treasury bill auction. Dealers said the yield was higher at 8.11 per cent as compared to 7.32 per cent at the previous auction. There was no devolvement on the RBI at the auction.
RBI prohibits Dugar Finance
RBI has prohibited Chennai-based Dugar Finance from accepting public deposits for violating various provisions of the RBI Act, 1934 and the applicable central bank's directions. The RBI has prohibited the company from accepting deposits in any form.
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