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Top Stories- January 2004
Click Here To Return To Daily News Click Here For Banking Articles
Non-banking finance companies (NBFCs) registered with RBI can now take up insurance agency business on a fee basis and without risk participation, without RBI approval... Read Full Guidelines
The asset quality of Indian banking sector has improved with steady decline in total doubtful assets and sub-standard assets... Read more
Raising of ceiling of foreign investments in private banks is likely to open the doors to a host of mergers and acquisitions... Read more
The rupee is likely to touch 43.50 & foreign exchange reserves are expected to reach $114 billion to $115 billion by the end of calendar 2004... Read more
Indian banks are running high costs in retail business & need to rationalise.... Read more
Prime lending rates of banks are moving downwards... Read More
Moody's upgrades India's long term foreign currency rating to investment grade... Read Full Report
India's software industry to achieve annual exports of outsourced information technology services five-fold to $44 billion... Read more
Government has allowed citizens to freely remit up to $25,000 a year overseas and the Indian companies to invest up to 100 per cent of their net worth abroad... Read more
RBI committee has recommended CRAR of 10% and minimum networth of Rs 200 crore for banks to trade in the interest rate futures market.... Read more
The Government has raised the foreign direct investment (FDI) limit in petroleum sector... Read more
Inflows from expatriate Indians surges nearly 10 times in october 2004... Read more
Cheaper credit worth Rs 50,000 crore will be available to infrastructure projects & Rs 10,000 crore cheaper credit to small & medium enterprises... Read more
The government has reduced customs duties on various non-agricultural goods and abolished travel tax... Read more
SEBI has decided to introduce margin trading and stock lending and borrowing system... Read more
Return of equity from nationalised banks is dis-allowed by the government.... Read more
China has used $45 billion of its reserves to recapitalise its state-owned banks.... Read more
Industrial and Commercial Bank of China (Asia) is acquiring Fortis Bank Asia HK .... Read more
Finance Ministry has made it tougher for corporates to access funds through FCCB route... Read More
The government has exempted banks from taking its permission for raising tier-II capital from the market... Read more
India’s economy grew an robust 8.4 per cent in the second quarter of 2003-04.... Read more
For more Stories from the Archives... Click here
For Latest Stories... Click here
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