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Doing Business in India- March 2008
Reserve Bank of India reduce the Cash Reserve Ratio (CRR) by 150 basis points to 7.50 per cent instead of the 50 basis points reduction announced on October 6, 2008. As a result of this reduction in the CRR, an amount of about Rs 60, 000 crore would be released into the system.... click here
Reserve Bank of India on 6th October 2008, reduces cash reserve ratio (CRR) by 50 basis points to 8.5 per cent to ease liquidity. .... click here
"Banknet Expo on Technology" will be organised on 3-4 November 2008 at World Trade Center, Mumbai, India. Expo will showcase solutions/ services from Banking Solution Companies, Software Companies, Hardware Companies along with Retail Banks, Insurance Companies, Mutual Funds, Credit Cards, BPO's and the likes, under one roof. Banknet Expo is open only to Business Visitors and will have Exclusive Technology & BFSI Pavilions and Corporate Presentations. Register free up to 20th October 2008 ...Read More
"Banknet’s Fifth Annual Conference on Payment Systems" will be organised on 9th Jan, 2009 at Mumbai... Click here
Banknetjobs.com has been Ranked the "Number #1" Careers & Jobs Category Website Globally. ...Read more
CHECK OUT QUARTERLY RESULTS OF BANKS IN INDIA....read more
Reserve Bank of India has clarified on phasing out of the Banknotes...Read more
ATMs are both efficient and low-energy users, says ATIM in its position paper on environmental aspects of ATMs...Read more
Reserve Bank of India feels that Currency futures will be an effective risk management instrument...Read more
Reserve Bank of India has asked banks to display information like service charges, interest rates at their branches...Read more
Insurance industry in India to move towards IFRS compliance by 2011...Read more
Mobile Payments to reshape crossborder remittance market, says TowerGroup...Read more
Bank strikes and holidays have distrupted the Indian markets...Read more
Citigroup, Merrill Lynch and UBS have suffered the maximum losses...Read more
Banknet's Seminar on Mobile Banking and Payments on 26th August 2008 will be addressed by top functionaries from 10 major banks...Read more
The outlook for global asset-backed securitisations (ABS) varies for the rest of this year, says Fitch Ratings...Read more
Currency Management can help banks to achieve cost and operational efficiencies, says TowerGroup...Read more
Companies in IT and financial services have announced recruitment plans of 1.75 lakh personnel...Read more
Nasscom Report projects Indian software product business to touch USD 9.5 to 12 billion by FY2015...Read more
Banknet's Seminar on Mobile Banking and Payments on 26th August 2008 will also touch upon the role of mobiles in the financial inclusion...Read more
Earnings pressures continue through second quarter for global investment banks and brokers, according to Standard and Poor's...Read more
Indian Goverment has allowed restructuring of equity capital of Punjab and Sind Bank...Read more
Renewed focus on risk brought by the Basel II guidelines has been timely for Indian Banks, says Fitch Ratings...Read more
Banks in India are now permitted to become members of currency futures exchanges...Read more
Reserve Bank of India has announced currency futures trading guidelines...Read more
Revised eligibility criteria under Differential Rate of Interest Scheme also applicable to semi-urban areas...Read more
Exchange Earner's Foreign Currency (EEFC) Accounts will no longer earn interest...Read more
New CMDs appointed for Allahabad Bank, Andhra Bank, Syndicate Bank and Vijaya Bank...Read more
The Joint Forum has released paper entitled Credit Risk Transfer - Developments from 2005 to 2007...Read more
Reserve Bank of India has revised capital adequacy, liquidity and disclosure norms for NBFCs...Read more
Reserve Bank of India to close interest rate subvention scheme on export credit from Sept 30,2008...Read more
The Macroeconomic and Monetary Developments for the first quarter of 2008-2009, July 28, 2008 .... Click Here
Indian Government has relaxed norms for External Commercial Borrowings (ECBs)...Read more on ECBs
Banknet Group has launched PR & Communications for financial sector & vendors focused on the financial sector. It will also cater to the PR requirements of the top industry professionals.
...Read more
After almost a decade in the industry, Banknet Group expands its own "Consulting Wing"...Read more
Criteria and selection procedure for 'Banknet Excellence Awards' announced at CTO-CXO Summit ...Read more
Banknetindia.com has launched "Campus Zone", a collaborative platform for colleges...Read more
Mr. R. Ravimohan, Managing Director and Head of Standard & Poor’s, South and Southeast Asia, has been appointed Chairman of the Board of CRISIL. Dr. Nachiket Mor, President, ICICI Foundation for Inclusive Growth, has joined the Board as Independent Director.
Dr. Y.V. Reddy, Governor, RBI has been conferred the Honorary Fellowship of the London School of Economics and Political Science, London (LSE).The other prominent Honorary Fellows of the LSE from India include Prof. Sir Partha Dasgupta, Prof. Lord Desai, Mr. Nitin Desai, Dr. Jagan N. Khosla, Prof. Kakkadan N. Raj, Prof. Amartya Kumar Sen and Dr. Ratan N. Tata.
Mr C.B. Bhave is appointed the new Chairman of Securities and Exchange Board of India (SEBI) for three years.
...Read more
Banknet Forum, a world-wide community of top financial services professionals has re-opened membership. Presently Banknet Forum members comprise of Business Heads, General Managers, Vice Presidents, CTOs, COOs, Directors, CEOs of 38 organizations in 6 countries ... Click here
BUDGET SPECIAL
Finance Bill 2007 passed by Indian parliament with major reliefs in both Direct and Indirect Taxes...Read more
According to the Economic Survey 2005-06, India is likely to post 8.1% growth. The Survey has asked to speed-up tax and labour reforms and measures to remove infrastructure bottlenecks to sustain high growth....Read more
Indian Railway Budget 2006-07 declaring Year 2006 as the Year of Passenger Service with a Smile, has left second class passenger fares unchanged and announced 18 per cent reduction in AC first class and 10 per cent in AC second class fares....Read more
For Special Section on Indian Budget.....Click here
SPECIAL SECTIONS & FEATURES
For Special Section on RBI's Monetory and Credit Policies (1999-2006)...Click Here
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