MONEY & BANKING
ESOPS
City Union Bank gets nod for ESOPs
Coimbatore, April 3 Employees of City Union Bank are all set to get stock options soon. The Kumbakonam headquartered private bank has already got an in-principle nod from the Reserve Bank of India for introduction of the Employee Stock Option ...
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FOREX
Rupee slightly lower
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PRIVATE BANKS
DCB sees western corridor presence as an advantage
Cites the growth story happening in the region
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FINANCIAL INSTITUTIONS
IRFC borrowing cost rises to 9.3% in 2007-08
Could tap only domestic market due to curbs on external debt
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GOVT BONDS
Bond prices rise
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NON-PERFORMING ASSETS
RBI wants counselling centres for borrowers
Suggests banks set up these centres and maintain arm’s length ties
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SHORT TERM INSTRUMENTS
Call rate closes at 5-5.5
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ALLIANCES & JOINT VENTURES
Srei Infra, BNP Paribas Lease venture takes off
All statutory approvals received
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