The Indian Express -- Business

Thursday, June 19 1997

FOREX RATES INDICES STOCK

RBI tightens NBFC norms

The Reserve Bank of India (RBI) has tightened the norms governing the operations of non-banking finance companies (NBFCs) by increasing the percentage of liquid assets (statutory liquidity ratio) to be maintained by them.

MoF may step in to prevent SBI strike

The Union finance ministry is drawing up a plan to prevent the proposed indefinite strike at the State Bank of India which, if it materialises, could bring the entire payments system in the country to a grinding halt.

New power investment policy on cards

The Union power ministry will soon come out with an updated private investment policy as an alternative to counter guarantee to make investment in this sector more rewarding.

Rs 900 cr WB aid for Karnataka road repairs

HUDCO to increase loan assistance

We are paying for our follies: Maran

ACC profit plummets, cuts dividend

Sensex makes small loss

Ad blitzkrieg launches tax scheme

IA begins audit to cut cost

The panic is waning, but trust in NBFCs is not waxing

Rs 4,457-cr. tourism plans for Karnataka

NSE defends personal guarantee

Kerala gets low power quota from Southern grid

Chaos over VDIS

EOW grills CRB group auditor