RBI lowers T-bills yield
RBI on Friday lowered the yield of 91-day t-bills by four basis points to 8.94 per cent. The central bank received 19 competitive bids worth Rs 244.5 crore out of which it accepted six bids for Rs 100 crore. For the 14-day treasury bills, the central bank received 18 competitive bids for Rs 146 crore out of which it accepted 10 bids worth Rs 97.5 crore. The devolvement on RBI was to the tune of Rs 2.5 crore.

Deutsche Bank appointment
Deutsche Bank on Thursday appointed former RBI deputy governor Ravi Vira Gupta chairman of its local advisory board. Ravi Gauta will lead the board which provides advice to Deutsche Bank on its overall business plans and policies as well as compliance supervision. Gupta succeeds Sohrab Dastur.

Crisil assigns P1 to NCL CP
Crisil has assigned a `P1' rating to the Rs 20-crore commercial paper programme of Narmada Cements. "The rating is based on Larsen and Toubro's support to Narmada Cements which in crisil's opinion would protect the company's credit quality despite NCL's poor capital structure and presence in the competitive Gujarat market," said a company release issued on Thursday.

Citicorp Finance to raise Rs 50 cr
Citicorp Finance India has entered the market with a one-year bond issue to raise Rs 50 crore with a green shoe option to retain Rs 25 crore, money market brokers said on Thursday. The issue, rated `P1+' by Crisil carries two options. Under the first option, interest will be paid at a flat rate of 11.15 per cent. Under the second option, the coupon for the first seven months will be decided by book-building in the 10.75-10.95 per cent band.

Crisil assigns A- to DCL debt
Crisil has reaffirmed the `A-' rating assigned to the Rs 5.11 crore partly convertible debenture issue of Deccan Cements. The reaffirmation in rating reflects stable performance of DCL's hydel power division and strong financial position characterised by low gearing and healthy margins.