RBI offers liquidity assistance to settlement banks

Monday, May 22, 2006, 20:36 [IST]

Mumbai, May 22 (UNI) The Reserve Bank of India(RBI) today offered liquidity assistance and assured availability of liquidity for settlement banks in the light of the 1100-point slide in the stock market's benchmark index.

''In light of the developments in the stock exchanges, the RBI has been in touch with major settlement banks and both the major stock exchanges to ensure that the payment obligations on the exchanges are met smoothly,'' an RBI release said.

''Banks can get in touch with the Reserve Bank for any liquidity assistance,'' the RBI statement added.

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Other articles published on May 22, 2006

Call rates at 5.50-5.60 pc, bond prices close flat

Monday, May 22, 2006,20:36 [IST]

Mumbai, May 22 (UNI) The call money rate closed flat in the range of 5.50 to 5.60 per cent as comfortable liquidity situation prevailed in the money market. In the call money market operations on May 20, the Reserve Bank of India had borrowing and lendings worth Rs 561.37 crore each on the weighted average rate of 5.55 per cent. In the reverse repo auctions, the central bank absorbed Rs 65,370 crore through the daily auctions......

Mallya eyeing overseas market

Monday, May 22, 2006,20:36 [IST]

Mumbai, May 22 (UNI) United Breweries Chairman Dr Vijay Mallya, who has over 60 per cent market share in the country's liquor market, today hinted at focussing on the global market. ''I need to look for new market to sustain the growth of United Breweries which produces, beer, vodka, whisky and has 60 per cent of country's market share,'' Dr Mallya said while talking to reporters at a function to announce the name of veteran.....

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Star Cement launches mobile concrete testing lab

Monday, May 22, 2006,20:36 [IST]

Guwahati, May 22(UNI) The Cement Manufacturing Company Limited(CMCL), with its brand 'Star Cement,' today launched a mobile concrete testing laboratory here. Speaking at the occasion, marketing head of the company Sreekumar Menon said, ''Mobile Concrete Testing Van will assist our customers to check concrete strength at site. The laboratory on wheels is first of its kind in this part of the country.'' He said from the inception of Star cement, the company has extended services.....

NDA passing out parade on May 31

Monday, May 22, 2006,20:36 [IST]

Pune, May 22 (UNI) Chief of the Naval Staff Admiral Arun Prakash will review the Passing Out Parade (POP) of cadets at the National Defence Academy (NDA) here on May 31. As many as 332 cadets will pass out after having successfully completed their training, NDA Commandant A K Chopra said here today. Earlier, on May 30, the passing out students will be conferred degrees of the Jawaharlal Nehru University (JNU) in a convocation.....

Anju disappoints, Pinky continues her winning spree

Monday, May 22, 2006,20:36 [IST]

Bangalore, May 22 (UNI) Pinky Pramanik continued her dazzling run to win the first gold for India in 800 mts, while ace leaper Anju B George disappointed with a silver medal finish in the second leg of the Asian Grand Prix 2006 held at Sree Kanteerava Stadium here today. Running at a handy fourth position in the first lap, Pramanik gradually improved to come up with a fine run in the home stretch to win with.....