R S Hugar, chairman and managing director of Corporation Bank, has been conferred with the `Best finance man of the year' award by the National Foundation of Indian Engineers (NAFEN) for the excellent performance of the bank despite severe competition.
Non-convertible debenture issues of Mahindra and Mahindra have been upgraded from AA+ AAA by Crisil. The rating of P1+ assigned to the RS 240-crore commercial paper programme of the company has been reaffirmed.
Bank of Maharashtra has decided to celebrate deposit mobilisation month in December 1999 in order to mobilise maximum deposits.