& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

RBI Governor won't be axed: Singh

Grindlays braces for $167m setback, tells creditors not to worry
BOMBAY. June 1: A foreign owned bank, bracing for a 167-mlllion dollar setback in a •tock market scandal, assured depositor* Sunday that it had done no wrong and that its losses will be covered, reports AP
ANZ Grindays was one of several Bombay banks ordered to set aside billions of rupee white police Investigate the al teged Illegal siphoning of bank money to a private broker for investing in the Bombay Stock Exchange.
The scam powered India s largest stock market into an unprecedented boom this spring. Discovery of shady practices led to a precipitous crash that wiped out thousands of small Investors and shook India s financial houses and the government
In half page ads on the business pages of leading Bombay newspapers. ANZ Grlndlnys said Its projected loss represented Just two-tenths of one per cent of the worldwide assets of the bank Ing group based In Australia and New Zealand
The bank has been in India for 138 years and intends to celebrate 200 years of operations." said the ad. The group Is fully committed to its Indian operations,"
The State Bank of India, a wholly owned subsidiary of the central bank, has been instructed to prepare for possl ble losses of seven billion ru
pee (233 million dollar).
The British-based Standard Chartered Bank faced possible tosses of 50 million pound (91 million dollar)
Finance Minister Manmohan Singh said Saturday the scandal would prompt a cleanup of the banking and country that has no‘■a against insider trading.
"We will punish whoever is guilty, whether in the banking system or outside," Singh was quoted as saying by the Times of India.
Singh said small depositors of the Bank of Karat, a 48-branch local bank that was put into liquidation, would be protected, even though withdrawals have been stopped.
Reuter from Bombay later adds : Manmohan Singh de ni«d that the central bank Governor was about to be axed over a stocks and securities scandal in Bombay, the Presstrust of India reported.
Singh told reporters after meeting with Reserve Bank of India Governor S Venkitaramanan:' He continues to enjoy my full confidence, rn said.
He said an RBI Inquiry Into the scandal would produce a report in the next two or three days. PTI reported.
Investigators are looking Into the operation* of 17 Indian and at least four foreign banks