Monday, January 18, 1999
IDBI finds growth steam too hot to handle, to go slow on asset-creation
The Industrial Development Bank of India (IDBI) has decided to pare its asset growth by about 50% in fiscal 1999 compared with that of the last financial year. IDBI is aiming at a sanctions growth of about 20% and disbursements growth of around 10% in the current fiscal.
Money supply makeup undergoes sea change
The story of the slowdown in the economy is clear from the money supply figures. An analysis of the breakup of M3 data reveals that the components of money supply have changed substantially over the years.
Auditors vent misgivings in Air India's books
Air India's auditors have heavily qualified its 1997-98 accounts to the tune of Rs 300 crore. Even without considering these qualifications, the airline's losses add up to Rs 110 crore.
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