Chidambaram to have action-packed day in Mumbai today

Last Updated: Sat, Feb 09, 2013 05:08 hrs

Finance Minister P Chidambaram will have an event-packed day in the country's financial capital tomorrow with the launch of the Rajiv Gandhi equity scheme as the highlight of the visit.

Soon after touching down at the city airport, he will head to the Bandra –Kurla Complex, the emerging financial sector hub, to inaugurate the new building of Punjab National Bank.

Later, the minister will travel to the State Bank of India (SBI) headquarters at Nariman Point to address SBI's board and senior executives in a closed-door meeting.

From there, he will attend the function for flagging off the Rajiv Gandhi Equity Savings Scheme, crucial for increasing retail participation in equity markets.

He will inaugurate the MCX Stock Exchange trading platform at a separate function, as a step to increase the vibrancy of the capital market.

He will also interact with representatives of non-banking finance companies to discuss the regulatory framework and business issues.

Chidambaram will round off his visit by launching the infrastructure debt fund being floated by IL&FS.

The debt fund has planned to initially to raise $ 1 billion to finance infrastructure projects, as well as take over some infrastructure loans from banks on its books

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