FM to review banks

New Delhi, Nov. 5: Finance minister P. Chidambaram will review the performance of PSU banks tomorrow on various parameters such as lending to the priority, agriculture & SME sectors and first half results. Heads of all the 17 nationalised banks, SBI and associates and IDBI will attend the review meeting, besides representatives from the RBI, Indian Banks’ Association and Nabard.

Chip pact

Bangalore, Nov. 5: SemIndia and Belgium-based IMEC today signed a memorandum of understanding for semiconductor R&D collaboration.

NBFC rules

Mumbai, Nov. 5: The RBI has sought to bring about greater discipline in the non-banking finance companies (NBFCs) sector as also convergence in regulatory requirements for both banks and NBFCs through its draft circular on a revised framework, which was released yesterday.

Gas price

New Delhi, Nov. 5: The Centre is likely to prescribe competitive bidding to arrive at the price of natural gas produced from new fields and recommend different prices for different regions.

Aviva plan

Cairo, Nov. 5: Aviva India plans to enter into the pension sector when the government decides to open it up. Avia India would enter either through its existing insurance company or through a new company.