Rediff Logo
 Money
Line
Channels: Astrology | Broadband | Chat | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding
                 Women
Partner Channels: Auctions | Auto | Bill Pay | Education | Jobs | Lifestyle | TechJobs | Technology | Travel
Line
Home > Money > Business Headlines > Report
November 7, 2000 		Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      

 
 Search the Internet
          Tips

E-Mail this report to a friend

IMD mobilisations touch $5.2 billion

NetScribes/Pallavi Rao

Mobilisations from the India Millennium Deposits have beaten the State Bank of India's expectations. At 2.30 pm on Tuesday, the figure had touched $5.2 billion, well above the $5 billion predicted by former SBI chairman G G Vaidya.

With information on collections from various centres still pouring in, the final figure could be marginally higher. The total collection from the IMD was expected to touch $5 billion against a corpus of $2 billion.

The amount of mobilisations from different areas is still being computed. "It will still take us a lot of time to compute the exact amount of deposits from various areas," Birendra Kumar, managing director of SBI Caps, lead manager to the issue, told NetScribes.

Money

Business News

Tell us what you think of this report