Stock prices of the IDBI,
which have been hitting record yearly-lows successively for
the last few days, dipped further by 2.35 per cent on Friday
to close at Rs 18.85 from its Thursday’s close of Rs 19.35 on
the Bombay Stock Exchange.
Government has notified stringent
prudential rules for Nidhi companies, a special category of
non-banking finance companies, in line with the Sabanayagam
committee report.
Banks’ decision-making process
needs to be improved, and the latest technological developments
in data warehousing and data mining processes help them improve
efficiency.
The Credit Rating Information
Services of India has received the shareholders’ nod for its
employee stock option plan and passed an enabling provision
to hike foreign institutional investors stake up to 49 per cent.
