Dont hide any charges on loans: RBI to banks MUMBAI: The Reserve Bank of India has directed commercial banks to disclose all information about various costs associated with loans. Banks must disclose all in cost inclusive of all such charges involved in processing,sanction of loan application in a transparent manner to enable the customer to compare the rates with other sources of finance, the RBI said in a notification. Hindustan Copper FPO this month NEW DELHI: State-owned Hindustan Coppers follow-on public offer will take place this month and not in December,as earlier planned,mines minister B K Handique said on Friday. (Hindustan Copper) FPO will be very soon. It will be in this month, Handique said. While the government has not officially announced a date for the FPO,Hindustan Copper CMD Shakeel Ahmed had earlier told the media it would take place in December. Hindalco may restart Oz ops by year-end MUMBAI: Aditya Birla Group company,Hindalco,on Friday said it hopes to restart operations at its copper mine in Mount Gordon,Australia,by end-this calender year. The Australia mine which is now under maintenance will be restarted on account of higher international prices, Hindalco managing director Debu Bhattacharya said. The companys Atlanta-based unit Novelis will increase its capacity by 20 per cent by 2014. Novelis is a global producer of aluminium products. Dena,UCO banks to be UID registrars NEW DELHI: State-owned lenders Dena Bank and UCO Bank have signed a Memorandum of Understanding (MoU) with the Unique Identification Authority of India (UIDAI) to act as registrars for the 'Aadhaar' biometric smartcard project. Both banks will act as registrars for providing Unique Identification Numbers under the UID initiative. The banks will provide UID numbers to existing as well as future customers by collecting biometric and demographic details as per the norms established by the UIDAI,Dena Bank said. HPCL refinery on west coast at Rs 30k cr NEW DELHI: State-owned Hindustan Petroleum plans to invest Rs 30,000 crore to set up an 18 million tonnes a year refinery on the West Coast,CMD Subir Roychowdhary said on Friday. The new refinery,to be set up in Maharashtra,was conceptualised to make up for space constraints at HPCLs existing Mumbai Refinery. We have been told that 1,800 acres of land is available with MIDC (Maharashtra Industrial Development Corp). We have asked for 1,000 acres more land, he told reporters here. Nitin Dossa elected as AIT vice-president MUMBAI: Nitin G Dossa has been elected as the Vice President (VP) of Alliance Internationale de Tourisme (AIT),the global organisation of motoring clubs,for the year 2010-2011. Dossa is the first Indian to be unanimously elected as the Vice President for the second time at the general assembly meeting held in Paris on November 4. Currently,Dossa is the Executive Chairman of the Western India Automobile Association (WIAA) and Vice President of FIAA.
