NEWS & ADVICE : CAR LOANS
Financial Capital witnessed low customer and staff turnout
By Vaibhav Aggarwal
Dec 1, 2008
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In the first one-day repo auction, under the LAF, RBI received and accepted three bids for Rs 735 crore. In the second auction, RBI received and accepted two repo bids for Rs 2,000 crore and four reverse repo bids for Rs 2,350 crore. While in the 14-day special repo auction, RBI received and accepted one bid for Rs 150 crore.

Despite the chaos, clearing operations of banks functioned normally through the other centers. IndusInd Bank's Executive Vice-President, Head, Global Markets Group, Mr Moses Harding said, "Our RTGS and other clearing operations were normal as our branches in other cities are functioning and we have to meet the requirements of our clients there."

The terrorist attack also deterred Andhra Bank to cancel its board meeting that was scheduled to be held on 27th November at the Oberoi hotel, one of the spots of the terror attack.

 


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