Top Stories- February 2007

According to Standard and Poor, India budget strikes balance between fiscal consolidation and economic growth...Read more

Finance Minister has announced that effective 28th Feb 2007, no new forward contracts will be launched in wheat and rice...Read more

The Union Budget for 2007-08 was presented in the Lok Sabha on 28th February 2007, by Finance Minister P Chidambaram...Read more

According to economic survey, Indian economy is projected to grow at 9.2% in 2006-07...Read more

India Inc has hailed the Indian Railway Budget 2007-08 as promising and progressive...Read more

RBI has decided to pay interest to banks on eligible CRR balance...Read more

Indian economy would not only sustain but improve on the rate of GDP growth, according to Assocham survey...Read more

Bank of Japan has raised interest rates by a quarter percentage point to decade high 0.5 percentage...Read more

RBI has laid down general principles and broad parameters to be followed by banks while offering doorstep services...Read more

Assocham has requested SEBI for doubling the quota reserved for mutual funds in IPOs...Read more

IBA has launched a Pilot Project on Trade Finance using SFMS applications on INFINET network...Read more

IAIS has released common structure for the assessment of insurer solvency...Read more

Citigroup announces unified, global brand identity under Citi name and red arc design...Read more

IAIS has announced establishment of a new corporate governance task force...Read more

RBI has announced 0.50% increase in Cash Reserve Ratio(CRR) in two stages to 6.00%...Read more

The cost of borrowing for India Inc has risen sharply by as much as 60%, according to Assocham study...Read more

The Basel Committee on Banking Supervision has issued for public comment a paper in an AMA context...Read more

Assocham has urged withholding tax exemption for pvt banks raising foreign currency to finance infrastructure projects...Read more

Addressing Nasscom 2007, Prime Minister asked IT industry to target US$80 billion exports by 2010...Read more

Banknet Forum, a world-wide community of top financial services professionals has re-opened membership, said Anurag Khanna, CEO, Banknet India...Read more

IRDA release show that the four public sector general insurers have lost 9% market share in the first nine months of 2006-07...Read more

RBI has asked banks to not give cognizance to voting by the depositories...Read more



CII has stressed the need for more fiscal reforms in the banking sector in Budget 07-08...Read more

The government will acquire RBI stake in State Bank of India, Nabard and NHB...Read more

Reserve Bank of India has reduced the interest rate ceilings on NR(E)RA and FCNR(B) deposits...Read more

Banks now prohibited from granting or renewing loans in excess of Rs 20 lakh against NRI deposits...Read more

RBI has hiked the short-term repo rate by 0.25 per cent, while keeping reverse repo, bank rate and CRR unchanged...Read more

Banknet India, a banking knowledge and research company has announced online "Financial Sector Survey 2007:Top 10 Challenges"...Read more

Reserve Bank of India has released the document "Macroeconomic and Monetary Developments: Third Quarter Review 2006-07...Read more


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