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Top Stories- June 2004

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


Banks in India can now, float deposit-based forex products for resident Indians.... Read More

More European companies are outsourcing to India.... Read more

India is second most attractive emerging market for retailers.... Read full report

Indian IT industry has expanded its radar to new service lines .... Read more

RBI has allowed scheduled commercial banks to issue long-term bonds for funding long-term commitments.... Read detailed guidelines

After banks, the Reserve Bank of India has now announced guidelines on declaration of dividend by the Primary Dealers (PDs).... Read detailed guidelines

India Companies raised a total of $1.75 billion in external commercial borrowing (ECB's) during April 2004.... Read more

Importance of a proper Business Continuity and Disaster Recovery Plan .... Read more

Reserve Bank of India has extended the off-site surveillance system (OSS) to all non-scheduled urban co-operative banks (UCBs) having deposit size of Rs 100 crore and above.... Read detailed guidelines

State Bank of India group has joined the billion dollar club with its net profit rising 33 per cent from Rs 4,330 crore in 2002-03 to Rs 5,759 crore in for 2003-04.... Read More



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