december 19, 1994

Six nationalised banks which have qualified for infusion of a combination of debt along with equity have worked out significant turnaround strategies. The banks are Allahabad Bank, Bank of India, Dena Bank, Indian Bank, Indian Overseas Bank and Syndicate Bank. They are part of the 13 nationalised banks which would receive capital from the Government. The other seven would be give capital only in the form of equity. The six banks which would get funds as debt are all rated in Category B as those which have recorded operating profits but have had to show net losses on account of provisioning requirement.

Taking charge at Oberoi’s

East India Hotels, which owns the Oberoi chain in India and other countries, has put together a programme of delivering better service to its customers. The programme which was ‘launched’ at The Oberoi and Oberoi Towers here recently is christened ‘I take charge.’ Mr. Stephen G, Head, Director of Operations Corporate Office, is seen as a catalyst in conceiving the programme. According to Mr. Han C. A. Brouwers, Director Operations of the Bombay hotels, the programme is the outcome of an introspective exercise by the group.

Opposition to focus on PM’s role

Opposition parties plan to raise the sugar muddle in both the Houses of Parliament tomorrow, focussing their attention on the alleged role of the Prime Minister and his office and demand a judicial enquiry into it. Leaders of the National Front and Left parties combine will meet tomorrow morning to decide their course of action, the Janata Dal Parliamentary Party leader, Mr. Sharad Yadav, said today.

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