The Indian Express -- Business

Sunday, May 11 1997

FOREX RATES INDICES STOCK

FIs allowed to raise short-term funds

The Reserve Bank of India has allowed financial institutions to access short-term deposits and abolished the existing instrument-wise limits for resource mobilisation of the institutions. The RBI move assumes significant as financial institutions which have already taken the plunge in short-term financing now can raise short-term resources in a big way to avoid asset-liability mismatches.

RBI bringing down bank-FI divide slowly

The wall separating banks and financial institutions is being pulled down slowly. The latest move by the Reserve Bank of India to allow financial institutions access to funds for short-term maturities is expected to bring them in direct competition with commercial banks.

BSE trade guarantee fund from May 12

The governing board of the Bombay Stock Exchange yesterday decided to make its Rs 172.5-crore trade guarantee fund operational from May 12. The exchange had received the final SEBI approval on May 9, 1997. The first ever SEBI-approved trade guarantee fund which will guarantee the settlement of bona fide transactions of BSE members and ensure timely completion of settlements of contracts, will have an initial corpus of Rs 172.5-crore.

ICMS to be operational from December

DoT steps up moves to blacklist ARM

Sound and fury and the subsidies paper

GDR market takes a beating

Anti-dumping levy on alloy steel sought

NBFCs nervously await shakeout

RIL floats Rs 100 cr debt issue

SEBI diverts forfeited Jyoti stock to investors' fund

All The India You Want To Know