Fourth tranche of state govt loans
THE fourth tranche of state government loans for this ongoing fiscal will be issued on March 20, for an aggregate amount of Rs 1,650 crore. The bonds will carry a half-yearly coupon rate of 10.50 per cent and will be redeemable at par in 2011.Centurion Bank rights issue closure
Centurion Bank has announced that the closing date for its rights issue, which was earlier fixed for March 15, 2001, has been extended to April 12, 2001. The issue is being extended in view of the present stock market conditions. The bank is presently making a rights issue of 10,67,29,134 equity shares of Rs 10 each at a premium of Rs 2 per share in the ratio of seven equity shares for 10 equity shares held on the record date.
MRTPC pulls up Citibank
Citibank has been pulled up by the MRTPC for practicing unfair trade by not reflecting the already-paid payments in a statement of account of a customer who had taken loan from the bank.
Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
