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  The Capital Markets Crisis
Line

  Specials
 • Plunging Bourses hit
    Family ties too
 • Greed, Fear and a Fatal
    Attraction
 • The Story of the Small
    Investors
 • Seven Days That Shook
    The Sensex

  Interviews
 • I'll deal with political pressure'
    - Lt. Gen. P M Tripathi,
     chief of JPC on stcok scam.
 • 'People have lost faith in UTI'
    - Kirit Somaiya,
     MP & president, IGF.
 • 'Ketan accepted his mistakes'
    - Hemant Nagrale,
     Superintendent of Police, CBI.
 • 'Investors have learnt a lesson'
    - John Band, CEO,
    ASK Raymond James.
 • There is no crisis in the market'
    - Deena Mehta, Interim
    President, Bombay Stock
    Exchange

  Columns
 • Arvind Johari: The cyberguru
    who ran away
 • Ketan Parekh: Delusions
    of invincibility?
 • First Global Stockbroking: Are
    they victims or villains?
 • Déjà vu on the BSE crisis

  Archives
 • Mystery Man:
    Who is Ketan Parekh, really?
Line
April 24, 2001
Sebi to probe Rathi case independently
CSE files cases against 10 defaulters
Govt open to JPC probe in scam: Sinha
First Global Broking denies manipulation
'Tech stocks can't be written off' Line
April 23, 2001
'Harshad used Damayanti as front to rig prices'
Sebi action against more brokers this week Line
April 21, 2001
Shourie to seek CCD guidance on selloff
Balco deal comes under govt scrutiny
Banks open to funding 3 barred firms
Reliance Petro faces RoC probe Line
April 20, 2001
Parekh prima facie involved in rigging
Govt open to JPC probe into stocks crash
D R Mehta for probe into charges against RPL
'Ban not to hurt BPL's telecom plans'
Sebi step likely to hit divestment plan
First Global chief Shankar Sharma gets bail
First Global chief Shankar Sharma arrested
Sebi may turn up the heat on errant brokers
ASE official quits amid limits-up row
Market fall impact on UTI not clear: Sinha Line
April 19, 2001
Sebi debars Harshad from dealing for life;
restricts BPL, Videocon, Sterlite

First Global, Bang, CSFB barred from trading Line
April 18, 2001
Ketan Parekh, 2 others denied bail
BSE board favours sacking fin director
RBI puts 5 co-op banks on watchlist
RBI to focus on risk management Line
April 17, 2001
RIL diverted IPO funds to rig markets: BSP
FM details Global Trust loans to Parekh
Sebi ensuring safe markets: Sinha
CBI probe against BSE ex-director mooted
2 Kapol bank directors seek board supersession
Prudential norms expected for co-op banks
Defaulter lodges claim for Rs 25 mn with CSE
Bourse's board not asked to quit, says ASE chief Line
April 16, 2001
Sebi report blames brokers for crisis
Banks' losses from coop banks Rs 2.7 billion
New law soon to check fly-by-night NBFCs: PM
RBI tightens banks' bullion trade norms
ASE to initiate steps towards demutualisation
Global Software, DSQ rigged on CSE for long
'UTI exited key stocks at peak levels' Line
April 14, 2001
Sebi probing Ketan Parekh's stake in DPs
Hugar to focus on putting house in order Line
April 12, 2001
JCR for Ketan, bail for Ramesh Parikh
HSBC-Zee share deal under cloud
ED probing top 50 brokers
Sebi move may hamper Damani bid for VST
BSE, NSE file 'sketchy' Amara Raja case rpts
Rs 500-mn outflow from GTB in 17 days
MoF throws cold water on Sebi's ambitions Line
April 11, 2001
Administrator says Classic financials are strong
Sebi seeks FII trading details from Jan 1999
Trade details with Rathi-linked firms sought
Focus on micro-regulations likely
LIC defers launch of new schemes till July Line
April 10, 2001
Sebi to review order in Rathi case by Apr 16
Ketan admits receiving funds from Zee, HFCL
RBI demands banks' market exposure details
Bank of India suspends bullion trading
Sebi crisis report to cover CSE angle
Stage set for Gelli's exit as CMD of GTB
Sebi asks banks to report exposures to KP cos
Co-op bank depositors wooed
Line
April 9, 2001
CBI custody for KP extended till April 12
MPs to meet Sinha for bank revival
Madhavpura MD may be suspended
Rs 5 billion loan to revive MMCB sought
Debarred BSE brokers to move against Sebi
Pressure on Sebi to gather Rathi evidence
Inter-bank exposure norms soon
Classic board superseded

Line
April 7, 2001
Govt to delve deep into the stock scam: Sinha
Stocks crisis: Value among the wreckage
Gitanjali Gems sues Chokshi for Rs 80 mn fraud
Sebi may split pool account
GTB will grow at 50%, says Gelli
Sebi bars Cyberspace from taking new business Line
April 6, 2001
UP ministers were behind Cyberspace's Joharis
Madhavpura Bank chief remanded till April 9
UTI, GTB chiefs trade charges
Probe into Gelli-Parekh links still on, says RBI
CMs to discuss RBI control on co-op banks
Corporates chary of floating banks Line
April 5, 2001
Madhavpura Co-op Bank chief surrenders
KP entities barred from taking fresh business
HC adjourns Anand Rathi case hearing
Regulators play the oneupmanship game
SHCIL lent Rs 980-mn stocks in 6 mths
Regulators play the oneupmanship game
Indian bourses second-most speculative
Badla financiers lost Rs 5 billion in market crisis
UTI reduces exposure in tech stocks to 19%
CSE plans austerity drive
Line
April 4, 2001
Deena Mehta, two others taken off BSE board
CBI allows BoI chief to go after questioning
CBI picks up Ketan's kin for questioning
Why should I quit? asks Mehta
CBI sees Ketan, HFCL nexus
Sebi, I-T call for in-transit data
DP transactions to be traced
Badla trades down 80% at CSE
Offshore funds unfazed by stocks crisis
Madhavpura Bank lent Rs 10 billion to brokers
RBI to meet fund needs of co-op banks
RBI tells banks to tighten bullion trade norms
Line
April 3, 2001
GTB-UTI Bank merger on hold, says Subramanyam
JPC probe into stock scam likely
D R Mehta may be replaced at Sebi helm
Govt to crack down on market crooks: FM
Sinha 'disgusted' with market scandals
RBI promises liquidity support to co-op banks
RBI deputy governors' tenure under cloud
3 PSU banks cut trade with Guj co-op banks
CBI questions BoI official on stock scam
Ex-SBI chief to head CSE panel
Co-op banks plan to save Madhavpura
Line
April 2, 2001
Madhavpura bank depositors to take to streets
How the KP drama unfolded
RBI tells banks to report co-op bank losses
CBI searches homes of Madhavpura brass
MoF asks Sebi to extend trading probe
Bullion swindle part of the larger scam
Dubai link of brokers being probed
BoI discounted Rs 24 bn pay orders in 9 weeks
RBI asks banks for Parekh accounts
RBI estimates Madhavpura damage at Rs 12 bn
Did RBI try to accommodate Parekh?
Quivering bankers try to stem the rot
Raid on CBEC chief stirs a hornet's nest
Line
March 31, 2001
'Evidence of Insider Trading in GTB Scrip'
IT raids on brokers yield Rs 4.7 billion
Market situation under control: PM
Ketan Parekh in CBI custody till April 9
Cong wants JPC probe into market crash
Caution! Steep fall ahead, warn brokerages
Ketan produced in court; Kartik held
HC tells Rathi to amend petition by April 4
Ketan Parekh always let money do the talking
CBI grills Parekh through the night
RBI asks BoI to explain pay order scam
KVP fund on backburner
Stock-lending mechanism blamed for CSE woes
SBI hit by co-op bank troubles
Line
March 30, 2001
Bank Losses May Go Up to Rs 8.43 Bn
CBI arrests stock broker Ketan Parekh
Sinha justifies CBI move against Ketan Parekh
PNB may lose Rs 170 mn on bank defaults
Calcutta Stock Exchange board resigns
NSE confident on April options kickoff
Sebi restrains Anand Rathi from trading
BoI links pay order scam to Ketan Parekh
Line
March 29, 2001
CSE recovers Rs 65 million from defaulters
Rush for bank guarantee cancellation at CSE
Sebi takes 1st step in corporatisation of bourses
Sebi board to be overhauled by April-end
Line
March 28, 2001
Sebi says to block new BSE broker-directors
BSE elects A Damani, S Shah, Apurva Shah
Sebi holds applications for deemed FII status
Line
March 27, 2001
BSE may dip into TGF to bail out 3 brokers
Govt plans Round II of stock scam probe
BSE board elections on March 28
Sebi probes in-transit shares issue
Line
March 26, 2001
Sebi wants top scrips' off-market details
B1, B2, Z group stocks' exposure curbed
Line
March 24, 2001
Sebi ends CSE probe
CSE dips general reserves to meet gap
Line
March 23, 2001
I-T raids on Ketan Parekh, 17 more brokers
3 BSE directors put in papers
Payment shortfall crisis at CSE resolved
CSE fiasco spares investors, hurts members
No decision yet on banks' advances to brokers
Line
March 22, 2001
Bourses rocked by worst crisis in a decade
Chronology of Indian stock market crisis
BSE B1, B2 margins to be hiked
RBI to probe bank over bounced cheques
CSE unofficial market under Sebi watch
Sebi to supersede CSE board
BSE seeks Sebi nod for nominees on committees
RBI-Sebi panel on banks' capital mkt meets
Banks against fresh guarantee exposure to CSE brokers
Line
March 21, 2001
Sebi waiting for CSE settlement: Mehta
Madhavpura crisis was on the cards
Sentiment weak despite vote on account
Barred BSE broker-directors to depose from Wednesday
CSE confident of successful pay-in, pay-out
Amara Raja says stock swing not connected to operations
Line
March 20, 2001
Amara Raja price rigging probe launched
RBI asks cooperative banks for share market data
CSE to make statement on payment crisis
Sebi likely to defer BSE board polls
Sebi may direct CSE to undo trades
Banks snap credit lines to brokers
CSE notice to 3 brokers; building not to be mortgaged
Line
March 19, 2001
Sebi to hear Rathi on Mar 31, allows him to inspectrecords
3 CSE brokers face criminal proceedings
Sebi move no great shakes: Brokers
We are financially very strong, reiterates BSE
Banks up in arms as CSE invokes guarantees
CSE in crisis, building may be mortgaged
Sebi to hear Rathi on Mar 31, allows him to inspect records
Line
March 17, 2001
BSE steps up initial futures margin to 14%
Nearly 70 brokers in CSE default
Bank, FI share sale nullified
No payment crisis at DSE
Sebi to widen rolling settlement by July
CSE liquidates TGF to meet payment shortfall
Sebi to widen rolling settlement by July
Line
March 16, 2001
Budget likely to be passed despite parliamentary crisis
BSE polls may see new twists
Sebi probe finds huge short sale at CSE
Line
March 15, 2001
Sebi told to file reply by Mar 19 on Rathi's petition
CSE withholds pay-out
Sebi report sees Parekh hand in GTB price rigging
RBI files criminal suit against Madhavpura Bank
Banks exposure to capital markets within limits, says Reddy
RBI wants board of troubled bank replaced
Sebi announces new measures for a safer market
Line
March 14, 2001
Rathi moves court against Sebi ruling
Calcutta's unofficial badla market worries players
Move to strengthen Sebi welcome: CII
Line
March 13, 2001
BSE chugs along without brokers at helm
Depositors withdraw Rs 650 mn from Ahmedabad bank
Banks roundly ignore Sebi bait
BSE functioning will not be affected, says executive director
FM's statement in Rajya Sabha on markets
Things are under control now: Sebi chief
Govt mulls news laws to protect investors
Line
March 12, 2001
Cops await controversial tape from Sebi on Rathi's talk
Sucheta Dalal on the capital markets
BSE may get 'tax-neutral status', says I-T chief
No payment crisis in BSE, says Deena Mehta
Sebi acts against BSE board
Line
March 11, 2001
Sebi issues fresh guidelines to restore normalcy on bourses
Line
March 10, 2001
CSE completes Rs 3.26-billion pay-out
Line
March 9, 2001
'Brokers are facing a cash crisis'
BSE's corporatisation will come under a cloud
Calcutta bourse says settlement merelydelayed
No payment crisis; TGF not touched, says CSE chief
Deena Mehta is first woman to head Bombay Stock Exchange
Line
March 8, 2001
No payment crisis in the stock market: Sinha
BSE board meets over chief's quit offer
Parliament to debate stock market crisis
Deena Mehta is interim BSE president; Rathi's resignation accepted
Ketan Parekh has nearly 4% in GTB: Gelli
Line
March 7, 2001
Anand Rathi offers to step down as BSE president
Short sale ban to impact liquidity: Market players
Line
March 6, 2001
FM in touch with Sebi on post-budget market crash probe
There goes the Sensex again
Line
March 5, 2001
Sebi to move against brokers over crash: Mehta
RBI looking into pvt banks' stock market exposure
Sebi probes stocks fall, to review margins
Battered Bombay shares may fall further
Debt instruments to be listed for trading soon: Mehta