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Top Stories- April 2006

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Dr. Y.V.Reddy, Governor, Reserve Bank of India announced the 'Annual Policy Statement for the year 2006-07' on April 18, 2006.-

....... Highlights of Credit Policy
....... Full Text of Credit Policy
....... Earlier Credit & Monetary Policies of RBI


The Reserve Bank of India on 17th April 2006 released the document 'Macroeconomic and Monetary Developments in 2005-06' to serve as a backdrop to the Annual Policy Statement for the year 2006-07 ... Read More

Reserve Bank of India has permitted well-managed scheduled and non-scheduled Urban Co-operative Banks UCBs to set up select off-site/ on-site ATMs. It has also been decided to dispense with the requirement of prior RBI approval for network connectivity and/or sharing of the ATMs installed by UCBs. ... Read More

Standard & Poor’s has raised the outlook on India to positive from stable, citing improved prospects of a stable debt burden. ...Click Here

Standard & Poor's Revises Outlooks On Five Indian Banks To Positive; IDBI Rating Raised To 'BB+' ... Click Here

Standard & Poor's Outlooks On India EXIM, Indian Railway Finance Corp., Power Finance Corp. Revised To Positive ...Click Here

Government has announced Annual Supplement 2006, to the Foreign Trade Policy 2004-09 on the 7th April 2006. ....read full policy

The indefinite strike by employees of SBI has been finally called off ....read details

Banks, serving as distribution channel for insurance products, have contributed about 20 per cent of the total insurance business in financial year 2005, according to a Fitch report on the insurance sector.....Read insurance trends

Indian Entry of Grameen Bank of Bangladesh, which revolutionised micro-finance and empowered millions, will give big boost to micro finance in India....read details

Mario Draghi, Governor of the Bank of Italy to succeed Roger Ferguson as Chairman of the Financial Stability Forum....read more

United Bank of India has been permitted to write off accumulated losses against capital. In past, government has permitted 13 government owned banks to do such write-off....read details

Public sector general insurers continue to report expenses above the permissible limits .....read more







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