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Top Stories- March 2005

Click Here To Return To Daily News
Click Here For News Archive


Banks are permitted to remit, funds out of the balances in NRE account on basis of a resident power of attorney.... Read more

RBI has cancelled the licence of Mumbai-based Raghuvanshi Cooperative Bank, though all the depositors are eligible to get their claims up to Rs 1 lakh.... Read more

IRDA has sought the comments of industry participants to finalise the guidelines for online agents' training institutes.... Read more

Overall rehabilitation and reconstruction needs in the tsunami-affected states and territories of India are to the tune of US$1.2 billion.... Read more

Reserve Bank has decided that banks should be required to make meaningful disclosures of their derivatives portfolio.... Read more

Reserve Bank has issued suitable guidelines to facilitate merger/amalgamation in the cooperative sector.... Read guidelines

The Reserve Bank is taking steps to enhance the transparency of large cooperative banks.... Read details

Indian banks would need additional capital to the extent of about Rs 11,900 crore to meet the capital charge requirement for operational risk under Basel II.... Read more



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