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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 4˝ 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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