The Hindu Business Line : Monday, September 27, 2004

NBFCS
NBFCs want parity with banks
THE Finance Industry Development Council (FIDC), the recently-formed self-regulating body of Non-Banking Finance Companies registered with the RBI, has reiterated its request for parity with banks when it comes to regulatory provisions. There ... More

Shriram group to tie up with small finance cos
THE Chennai-based Shriram group will tie-up with "at least one hundred" small and medium non-banking finance companies for loan generation. The arrangement is expected to be completed this year. The group's three major companies, Shriram ... More

DEBT MARKET
Life insurers, MFs keep bonds firm
BONDS firmed last week supported by purchases from life insurance companies and mutual funds. Insurers replaced some of their low coupon securities with high coupons, since most of them were available at high yields, traders said. The ... More

PUBLIC SECTOR BANKS
Corporation Bank opens 750th branch in Mumbai
THE Chairman and Managing Director of Corporation Bank, Mr Cherian Varghese, inaugurated the 750th branch of the bank at Phoenix Mills compound, Lower Parel, in Mumbai on Saturday. Mr Ashok Kumar Ruia, Managing Director of Phoenix Mills Ltd., ... More

MERGERS & ACQUISITIONS
Magma Leasing promoters buy out Allahabad Bank stake
THE promoters of Magma Leasing Ltd have increased their holding in the company by acquiring the entire stake of Allahabad Bank in Magma. Mr Mayank Poddar, and Mr Sanjay Chamria, Managing Director of the company, who jointly control over 70 per ... More

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