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Top Stories- December 2005
Click Here To Return To Daily News
Click Here For Banking Conferences
IRDA authorised to permit insurance companies registered outside India to set up liaison offices in the country. .....Read more
China has announced increase in the number of cities where foreign banks can do business denominated in yuan, and had eased capital requirements.....Read more
International rating agency, Fitch Ratings has upgraded individual ratings for ICICI Bank and State Bank of India .The outlook on the ratings is stable for both banks.....Read detailed comments
Federal Reserve lifts interest rates to the highest level in 4½ years to 4.25 percent.....Read text of Federal Reserve statement
Indian banks are quickly upgrading their payment systems, largely driven by the need to modernize and meet regulatory requirements.....Read more
Standard Chartered has bought Rs 1,300 crore of impaired loans from ICICI Bank.....Read more
RBI ask banks to treat the ECS withdrawal instructions of a customer equivalent to a ‘stop payment’ instruction.....Read more
Banks to introduce a General Credit Card (GCC) Scheme in rural and semi-urban areas.....Read more
Now banks can formulate policy to make donations.....Read guidelines
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