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Top Stories- November2006
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Indian economy grew by a robust 9.2 per cent in the second quarter of 2006-07...Read more
Cooperative banks will now conduct foreign exchange business as authorized dealers...Read more
The reinsurance sector has shown considerable resilience in the face of natural catastrophes...Read more
Indian rupee will strengthen next year to 43 per dollar, according to UBS...Read more
Canara Bank first international fund raising foray, has been oversubscribed five times...Read market related stories
According to Indian FM, there are enormous possibilities of maintaining sustained growth...Read more
Banking has emerged the most preferred sector among the fresh MBAs...Read more
Competition is hotting up in the life insurance segment, with IDBI Bank, Federal Bank and Fortis announcing a JV...Read insurance related stories
Dena Bank has signed an agreement with Wipro Infotech for implementing core banking solutions (CBS) and total outsourcing contract worth Rs 304.4 crore...Read more IT related news
A study on microfinance conducted recently by Reserve Bank with major banks highlight various issues...Read more
Six nationalised banks will set up 711 ATMs at 473 railway stations across the country...Read more
To further liberalise the procedure for import of services, banks are now permitted by RBI to issue guarantee on behalf of their customers importing services...Read more
Now Banks will be required to check whether the loan sought for is for authorized structure, property, house...Read more
Larger foreign banks in China, who decide to incorporated locally will get new avenues of growth, but competitive advantage of smaller foreign banks will be affected...Read more
Gross NPAs (non-performing assets)in Indian banking sector have declined sharply to close to 3.0 per cent in 2006 (15.7 per cent at end-March 1997). Net NPAs of the banking sector are now at close to one per cent and the gap between the gross and net NPAs has narrowed over the years....Read more
In view of the size and complexity of operations of the Indian banking system, a three-track approach has been adopted by RBI with regard to capital adequacy for migration to BaselII...Read more
Urban Cooperative Banks registered in the eight states, which have signed MoU with RBI will be eligible to convert the extension counters on completion of three years of their operation into full-fledged branches...Read more
RBI continues to strengthen the framework for payment and settlement systems and harness the full potential of information technology to improve operational efficiency...Read more
The Infrastructure Finance Development Corporation(IDFC) has become the new shareholder of Arcil after picking up 8.71% stake...Read more
The banking system priority sector lending obligation is set to increase with the Reserve Bank of India expanding the base for calculating the level of directed lending...Read more
Enhancement of funded and non funded credit facilities by banks to Ventures abroad with more than 51 percent holding by Indian companies...Read more
The government has finalised plans to buy the Reserve Bank of India's entire stake in the country's largest bank, State Bank of India (SBI) by December 2006...Read more SBI related stories
Now banks asked to safeguard against speculative buying of real estate and to closely look into repayment abilities of borrowers...Read more
Based on the recommendations of the Internal Group and taking into consideration the feedback received thereon, RBI has decided to put in place a revised framework to address the issues pertaining to the relationship between banks and NBFCs...Read more
For more Stories from the Archives... Click here
For Latest Stories... Click here
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