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Top Stories- May 2004

Click Here To Return To Daily News
Click Here For Banking Articles


Click here for Reserve Bank's Annual Monetary and Credit Policy for the year 2004-2005

While Asian banking has good potential for growth, particularly in consumer finance, sustained economic growth and increases in personal income levels will be a condition for this process.... Read more

Strong, Credible Domestic Credit Rating Industry Crucial to Asia's Bond Market Development.... Read more

Gross domestic product (GDP) is growing rapidly, markets are strong, and the balance-of-payments position is comfortable, but there are still serious challenges facing the Indian economy.... Read more

RBI has banned entities other than banks and authorised dealers from collecting non-resident external (NRE) deposits with immediate effect.... Read full guidelines

120 scheduled commercial banks and primary dealers to become part of the real time gross settlement system (RTGS) by June 2004.... Read Feature on RTGS

Customers of foreign and new private banks have reason to smile. Now they will not be refused acknowledgement of the cheques, physical collection of cheques books.... Read Full Guidelines



For more Stories from the Archives
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