Private banks defer PLR cuts until Budget
Private sector banks will wait for the Union Budget for 2000-2001, to be presented on February 28 before any reductions in their PLRs are to be affected.

BoB appoints Gartner to frame business, IT strategies
BoB on Tuesday said that it had appointed Gartner, an IT consultancy firm, to frame business and IT-strategies for the e-millennium, and a MoU to this effect was signed on Tuesday.

Jalan expects 8% growth in GDP
One may be looking at a scaled down GDP growth rate of 6%, plus a lower business confidence figure at 98.8, but RBI governor Dr Bimal Jalan remains unfazed and is of the view that the economy can still grow at 8 % in the medium-term.


  ...to trim branch network
  Bank of Rajasthan chairman denies acquisition plans
  AP pegs Rs 3,887 crore revenue deficit; fresh taxes on the cards
  State admits Rs 725-crore monthly bill for Dabhol power at 90 per cent PLF
  Oriental Bank drops insurance foray plan with foreign partner
  SBI to revamp 166 loss-making Bengal branches
  NGO challenges legality of Dabhol PPA
  JK Industries hires PwC for financial, corporate recast
  Touch screen kiosks to make banking easy
  India, Oman to clear roadblocks on fertiliser joint venture
  Deadlock on liquor industry demands
  Government concerned over low Indo-Spanish trade
  BSNL challenges Trai order
  Scrap dividend tax -- CII
  EIH Hotels acquires 1.6 lakh sq feet for Rs 121cr in Bandra-Kurla complex
  Economic Survey to be tabled on Friday
  `Globalisation is fine, but beware of inequalities'
  Market round-up
  BPL Innovision plans to form consortium for VSNL bid
  Top banks threaten to pull the plug
  CCD likely to clear Balco selloff today
  Executive Briefing
  Discriminating against the distressed in a democracy
  Chinese central banker says economy will slow this year
  Will the railway system be allowed to survive?