The Reserve Bank of India is
setting up a technical committee to probe the alleged violations
of its prudential norms on equity exposure by seven private
sector banks.
Families and their near and
dear ones working in foreign banks and brokerages with offices
located in the World Trade Center can heave a sigh of relief.
Finance Minister Yashwant Sinha
on Wednesday said the government will provide assistance to
public sector insurance companies to create social safety net
schemes for the underprivileged sections of the society.
Credit rating agency Crisil
has tied up with Small Industries Development Bank of India
to rate companies belonging to small scale industries sector
in a bid to increase credit flow to the SSI sector.
