Summit Usha Martin FD downgraded
Duff and Phelps credit rating private Ltd has downgraded the rating of the fixed deposit programme of Summit Usha Martin Finance Ltd from `IND A+(FD)' to `IND A-(FD)'. The revised rating indicates protection factors are adequate. However, risk factors are more variable and greater in periods of economic stress, a DCR release said.RBI announces three-day repos
RBI has announced three-day 6.00 per cent repos in government of India dated securities on November 30, 1999 for parties holding SGL account and current account with it at Mumbai, according to an RBI release issued in Mumbai on Monday. The release said RBI has not received any bids for the three day 6.00 per cent repo held on Monday.
J&K Bank opens new branch
Maharashtra chief minister Vilas Rao Deshmukh inaugurated the 398th branch of the Jammu & Kashmir Bank at Vashi on Monday. The function was presided over by Jammu & Kashmir chief minister Farooq Abdullah.
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