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Top Stories- July 2006
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Click Here For Banking Conferences
Reserve Bank of India has prohibited, providing clearing and settlement services for internet based electronic purse schemes.
...Read More
About 4.5-lakh bank employees to be on strike on 28th July 2006
...Read More
IRDA has given telecom major Bharti Enterprises the go-ahead to enter the life insurance business partnering French major AXA.
Bharti AXA Life Insurance Company will be the sixteenth player in the life insurance segment.....Read more
Mr G. V. Nageshwara Rao, head of IDBI Ltd's Commercial Banking Strategic Business Unit, will head IDBI insurance joint venture. The insurance venture is being set up jointly with Fortis and Federal Bank, with IDBI having majority stake of 48 per cent. Fortis and Federal Bank will have 26 per cent stake each.
ZDNet Asia has announced its ZDNet Asia Smart50 2006 award winners, selected by an independent panel of judges, which included Anurag Khanna, MD & CEO of Banknet India...Read More
MasterCard Inc, the world’s number 2 credit card association has raised $2.39 billion by selling a 46% stake. The IPO, the first for a major credit-card company since Capital One Financial Corp in 1994, is the second-biggest IPO in the US this year, Most of the proceeds from the initial share sale will be used to repurchase shares.
India's contact centre business continues to grow despite closely emerging competitors such as the Philippines, Malaysia, and Thailand ...Read BPO related stories
There has been major reshuffle of the portfolios of the top brass of State Bank of India...Read More
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