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Saturday, June 24, 2000

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Think Tank
This week we focus on a complete analysis of the
infrastructure industry
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Tarapore against deposit cover for NBFCs
Former deputy governor of the Reserve Bank of India (RBI), SS Tarapore, has come out strongly against any move to offer deposit insurance for non-bank players.

SBI to launch 100 housing cells in Goa, Maharashtra
The State Bank of India will start 100 housing cells in Maharashtra and Goa as part of its plans to concentrate on housing finance. The bank has also taken up retail banking as a core banking activity.

Bank staff threaten strike next month
Bank employees and officers have threatened to launch an action programme, including strike, next month if the recent industry level agreement with regard to wage revision was not implemented in three loss-making public sector banks.


  Rising corporate bankruptcies, rate hike loom over Japan banks
  Thailand banks to go ahead with loan portfolio revamp
  Bank Indonesia new head sticks to IMF reforms
  Market round-up
  ICICI Infotech buys Ivory Consulting of US for $10m
  State vows to carry outfiscal reforms
  Debt private placement rises 41 per cent -- Prime
  `Centre will speed up textile industry reforms'
  Selloff dream sours as Centre clears 11 PSUs
  Petroleum ministry keeps IBP for Indian Oil
  Unit Trust's MIP gathers steam

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