Expectations of several new
policy initiatives are thick in the air as the mid-term review
of the monetary and credit policy for the 2001-02 by the Reserve
Bank of India slated for October 22.
Housing Development Finance
Corporation has posted a 14.3 per cent rise in net profit at
Rs 138.49 crore for second quarter ended September 30, 2001,
up from the Rs 121.16 crore in same period previous fiscal.
Centurion Bank is believed
to have joined the list of banks whose ‘exposure limits’ in
the foreign exchange and call money markets have been reduced
by other banks.
Association of Leasing &
Financial Services Companies is seeking permission from the
Reserve Bank of India to open the rediscount window of the banking
sector for non-banking finnce companies involved in bill discounting
operations.
