The RBI on Tuesday announced three-day 8 per cent fixed-rate repos in government of India dated securities on October 7 for parties holding SGL and current accounts. Payment by application will be on October 7 and repurchase by the RBI on October 10.

Modern Home Credit board meet:

The board of directors of Modern Home Credit and Capital Ltd will meet on October 29 to discuss the unaudited results for the second quarter ended September 30.

Crisil upgrades Gujarat State Financial rating:

Crisil has upgraded the fixed deposit programme of the Gujarat State Financial Services to FA. The revision in rating factors in the company's high growth in business while achieving an improvement in asset quality, infusion of fresh equity and continued access to low-cost funds. "The rating also takes into account the low level of overhead expenses and an increase in contribution of fee-based income. These factors are partly offset by the company's high level of gearing andan average capital adequacy ratio," it said.

Crisil downgrades Mukand debentures:

Crisil has downgraded the Rs 110 crore and Rs 40 crore non-convertible debenture programmes of Mukand Ltd to BBB from A. It has also withdrawn the Rs 75 crore commercial paper programme of the company.

Crisil downgrades Tidco debt plan:

Crisil has downgraded the fixed deposit programme of Tidco to FAA- from FAA, a Crisil release issued on Tuesday stated.

Syndicate Bank, Hyderabad, posts growth:

Syndicate Bank, Hyderabad zone, has recorded a total business turnover exceeding Rs 2,600 crore, during the current financial half year, registering a growth rate of more than 23 per cent in deposits and 17 per cent in credit disbursement over the corresponding period of previous year.