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State
Bank, Citibank sold $532 m unregistered bonds in ’98: US Fed |
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The US federal regulators have
once again alleged that the State Bank of India along with Citibank,
had violated US securities laws in 1998 by selling $532 million
of Indian bonds in the country without registering them with
the Securities Exchange Commission. |
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PSBs
may get nod to set up ARCs |
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In a reversal of its earlier
thinking, the government may allow public sector banks to set
up asset reconstruction companies in order to cleanse their
balance sheets of non-performing assets. |
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Icra,
HSCC ink MoU for healthcare gradings |
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ICRA has signed a memorandum
of understandiing with Hospital Services Consultancy Corporation
(India) Ltd for promoting the concept of grading of healthcare
entities in the country. |
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PowerGrid’s
Rs 2,600-cr issue opens tomorrow |
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The state-run PowerGrid Corporation
of India Ltd would raise a whopping Rs 2,600 crore directly
from the markets at the coupon rate ranging between 8.75 per
cent and 10.25 per cent. |
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