THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Tuesday, May 01, 2001

• AGRI-BUSINESS
• CORPORATE
• INDUSTRY
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• LOGISTICS
• MACRO ECONOMY
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• NEWS
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Letters

Banking and Finance
Tighter RBI norms
The Reserve Bank of India's decision to clamp `Tighter norms for banks lending in capital market' (Business Line, April 24) is a welcome step. The decision should have come earlier since banks are capable of falling prey to brokers tricks and could lose heavily. The decisions regarding advances on securities are highly risky since the fluctuations in share prices could erode the scrips' security value. In the past year, some scrips values have fallen sharply. The risk is not commensurate with the income accruing out of the advances.

Transport
Not a cool move
Central Railway proposes to run three pairs of air-conditioned services with specially built Shatabdi-type rakes between Kalyan and CST.


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