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Top Stories- June 2006

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Reserve Bank of India (RBI) has allowed Standard Chartered Bank to take over only the assets and liabilities of Bank of Bahrain and Kuwait (BBK), but not its branch licenses...Read More

Out of 191,963,935 households in India, only 68,230,642 households (35.5%) avail of banking services, according to the Census data. Of the 35 states and union territories covered, only eight reported that banking services were available to more than half its households...Read More

ICICI Bank and Oriental Bank of Commerce (OBC) have emerged as the top performing banks in terms of cleaning their bad assets and bringing down non-performing assets, taking advantage of healthy GDP growth and impressive topline and bottomline performance by borrowers...Read More

On a review of current macroeconomic and overall monetary conditions, the Reserve Bank of India has decided to increase the rates ...Click here

Irda has directed that no insurer shall refuse third party insurance cover to the commercial vehicle owners who seek to cover. Failure to comply with this direction will be taken serious note of and action will be taken against the insurer concerned.

Ms Naina Lal Kidwai is new CEO of HSBC . She has become the first woman to head the operations of a foreign bank in India. Ms Kidwai has been deputy chief executive officer of HSBC in India since June 2004.





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