|
|
|
RBI
postpones implementation of 90-day income recognition normz |
| |
The Reserve Bank of India
has decided to implement at a later stage the Narasimham committee-II
recommendation to bring down the time-frame for income recognition
from the present 180 days to 90 days. |
|
|
IOC’s
Rs 400-cr floating rate loan oversubscribed |
| |
Indian Oil Corporaton has completed
a rupee term facility structured on the lines of offshore syndicated
term loan facility. A number of public sector, private sector
and foreign banks were tapped for the syndicated term, which
was, incidentally, India’s first rupee term facility. |
|
|
|
| |
|
|
SK
Mitra is new CEO of Birla Sun Life AMC |
| |
Mr SK Mitra, director, financial
services, Aditya Bira Group, and Mr Nani Javeri, general manager,
Oman Internatinal Bank, have been appointed as the new chief
executive officers of Birla Sun Life Asset Management Company
and Birla Sun Life Insurance respectively. |
|
|
RBI
sets Rs 109.83 cut-off for 9.85% 2015 bond |
| |
The Reserve Bank of India
awarded a cut-off price of Rs 109.83 (YTM 6.6212 per cent) to
the Rs 4,000 crore, 9.85 per cent 2015 government stock auctioned
on Monday. |
|
