Wednesday, September 16, 1998
Govt against banks re-scheduling loans
The Union finance ministry will not allow banks to reschedule loans offered to any project as a means of avoiding fresh accretion of non-performing assets (NPA). Corporates and bankers have been lobbying hard with the Reserve Bank of India seeking dilution of the prudential norms in regard to non-performing assets.
SBI, IDFC start takeout for core projects
State Bank of India (SBI) and Infrastructure Development Finance Company (IDFC) have kick started the takeout financing process for funding country's infrastructure projects in a major way by signing an agreement for an initial amount Rs 400 crore for five years.
DSE modifies specified list
The Delhi Stock Exchange (DSE) has revamped its specified list by replacing 15 low volume shares with ones that are highly active on the other major stock exchanges. This change in the specified share list comes close on the heels of other major bourses deciding to change their `A' group lists to improve turnover and liquidity.
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