RBI
asks co-op banks to submit revival package for MMCB
IN order to protect the financial health of at least 150 cooperative banks
from Gujarat and Maharashtra, which have burnt their fingers in Madhavpura
Mercantile Cooperative Bank (MMCB) with substantial financial stakes, the
Reserve Bank of India (RBI) has asked these banks to submit a revival package
for Madhavpura.
Gelli to continue
as GTB CMD till June 30
THE Reserve Bank of India (RBI) will examine the issue of
splitting the post of chairman and managing director of Global Trust Bank
(GTB) if a fresh proposal is put before it from the bank’s side.
For now, Mr Ramesh Gelli will continue as CMD of the bank till June 30.
Consignment of cheap Chinese
bikes arrives
ITS China again and this time its not toys or electronics.
The first consignment of Chinese motorcycles has arrived in the country
within a week of the lifting of quantitative restrictions (QRs) from April
1.
Govt not to
go in for rebidding for privatisation of AI
THE government is unlikely to go in for rebidding for the privatisation
of Air India and Indian Airlines even if only one bidder is left in the
fray and offers price more than the reserved price.
Centre considers amendment
in Companies Act
THE government is considering an amendment in the Companies Act to increase
the number of lawyers permitted to practise as partners in a law firm.
Bill is still
the big C in aamchi Mumbai
FORMER US president Bill Clinton’s two-day Mumbai visit was more
an event for the glitterati than the common man. Unlike the last time
Mr C was in town, this visit, his second is just over a year, turned out
to be an affair reserved for the high-society types.
Private banks set to revamp growth
plans
There are tough times ahead for private sector banks. With shrinking margins,
and lucrative capital operations turning unstaable, most private sector
banks are now awaiting the Reserve Bank of India’s (RBI) credit and
monetary policy review on April 19 before revisiting their business strategies.
Government likely to mop up Rs 70,000
crore in first half: I-Sec
THE Centre is expected to mop up about Rs 70,000 crore within the first
six months of this fiscal, ICICI Securities (I-Sec) has said.
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