Sunday, September 5, 1999
Moratorium on Sikkim Bank further extended
The Central government on an application made by the Reserve Bank of India (RBI) has imposed a second moratorium on Sikkim Bank Ltd (SBL) upto December 3, 1999.
UTI Bank to promote UTI retail products
UTI Bank, a new generation private sector bank, is in discussions with its parent Unit Trust of India (UTI) to use the bank's delivery channels including ATMs to promote and sell UTI's various retail products to the investing public.
Sebi to consider debenture securitisation
Securitisation of debentures was the latest of the proposals, made by mutual fund (MF) industry, being considered by Securities and Exchange Board of India (Sebi).
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