Desai promoted as Nabard ED
UG Desai, has been promoted as the executive director of the National Bank of Agricultural and Rural Development (Nabard). Prior to this Mr Desai was a chief general manager of general administration department of Nabard.IndusInd Bank issue
IndusInd Bank's Tier II capital issue of Rs 50 crores has been oversubscribed. The issue, redeemable after 63 months with a coupon rate of 12 per cent payable annually, was opened on January 21 and closed on February 15 -two weeks earlier than the scheduled closing date of February 28. The bank's sources informed that they have already received subscription of Rs 52 crore.
NHAI bond rating
Crisil has assigned its `AAA' rating to the National Highway Authority of India's (NHAI) Rs 20 billion bond programme. Crisil also reaffirmed its `AAA' rating to Rs 5 billion bond programme of NHAI.
Rating indicates `Highest saftey' Century Enka rating
Crisil has assigned `P1+' rating to the Century Enka Ltd's Rs 400 million short-term debt programme (enhanced from Rs 300 million). The rating indicates `Very Strong'.
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