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Top Stories- July 2005

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The First Quarterly Review of Annual Statement on Monetary Policy for the year 2005-06 was announced on the July 26, 2005. RBI has not changed bank rate and the reverse repo rate.This Review consists of two Sections:

I. First Quarter Review of Macroeconomic and Monetary Developments in 2005-06
II. Stance of Monetary Policy for the Remaining Period of 2005-06
.....Click Here for full announcement

Procedure has been simplified for settlement of claims in respect of deceased depositors. .....Full details

Opening of bank accounts made easy for the flood affected persons.....Read More

RBI instructs banks to liberally extend its relief package for Maharashtra.....Read More

Mumbai came to an abrupt halt, due to unprecedented heavy rains.....Read related stories

Government relaxes ECB norms for non-banking finance companies..... Read more

Reserve Bank of India (RBI), has decided to introduce an electronic order matching trading platform.....Read More

American Express (AmEx) to open its merchant and payment network for Citibank-issued credit cards.....Read More

Reserve Bank of India has set up a Technical Advisory Committee on Monetary Policy with external experts .....Read More

RBI constitutes a new Financial Markets Department.....Read More

No prior approval of the Reserve Bank of India required for offering Internet Banking services.....Read RBI notification

Full Announcement of the People's Bank of China on Reforming the RMB Exchange Rate Regime click here

RBI has issued detailed guidelines to banks on purchase / sale of Non-Performing Assets.....Read full guidelines

TCS becomes first Indian IT company to cross Rs 10,000 crore sales.....Read More

India will be well poised to capture 6% share of the global market in Services and IT Software by 2008-09 as against its present share of 3% .....Read More

India most attractive country for retail expansion and tops the 2005 Global Retail Development Index .....Read More



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For Latest Stories... Click here

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