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Top Stories- March 2007

IRDA has relaxed the insurance qualification clause of the corporate agent...Read more

RBI has increased market stabilisation scheme (MSS) annual ceiling for 2007-08 to Rs.80,000 crore...Read more

RBI has announced various monetary measures including increase in CRR to contain inflation expectations...Read more

Banknet India's CXO Summit at Mumbai to focus on anti-money laundering efforts in the financial sector...Read more

Reserve Bank has cancelled the licence of The Anand Urban Co-operative Bank, Gujarat...Read more

Asia to post robust growth in 2007-2008, says Asian Development Bank (ADB) in its ADO report...Read more

To suggest a detailed action plan to operationalise launch of dedicated infrastructure funds, SEBI has constituted a committee...Read more

Banking hours extended for annual closing of government accounts financial year (2006-07) by March 31, 2007...Read more

The proposed three-day all India bank strike from March 28 to 30 2007 is called off by bank unions...Read more

IFC will invest $45 million in Upper Tier II subordinated bonds to be issued by Kotak Mahindra Bank...Read more

Moody's has commented on merger discussions of Barclays Bank plc and ABN Amro N.V....Read more

RBI has clarified on utilization of the funds borrowed under LAF facility for inter-bank lending ...Read more

Revised draft guidelines on capital adequacy framework are opened by RBI for a second round of consultation...Read more

Kotak Mahindra Bank has been authorized by RBI to undertake Primary Dealer (PD) business...Read more

Small and medium businesses (SMBs) in India are set to spend over US $8 billion on IT, according to AMI study...Read more

CPSS has issued a report on new developments in clearing and settlement arrangements for OTC derivatives...Read more

Fitch upgrades support ratings of several Indian banks and IDBI Bank IDR rating...Read more

Banks asked to use the floating provisions only for contingencies under extra-ordinary circumstances in impaired accounts...Read more

Thane Janata Sahakari Bank has received NOC from RBI to acquire Shree Sadguru Jangli Maharaj Sahakari Bank, Pune...Read more

Banks asked by RBI to not grant loans for acquiring/investing in Small Savings Instruments including Kisan Vikas Patras. ...Read more

Dr Y. V. Reddy, RBI Governor appointed Chairman of the BIS Asian Consultative Council (ACC) for two years...Read more

A bill seeking to give more operational flexibility to RBI was introduced in Parliament by the finance minister...Read more

RBI has asked banks to provide information like fees/charges, reasons for rejection to all the borrowers...Read more

RBI has put in place a comprehensive framework of inter-bank liability management...Read more

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Advance remittance for import of rough diamonds into India has been liberalised by RBI...Read more

Canara Bank, HSBC Insurance and Oriental Bank of Commerce have signed MOU...Read more

SEBI has authorized the National Stock Exchange (NSE) to set up and maintain a corporate bond reporting platform...Read more

RBI has announced modified arrangements for LAF and MSS to facilitate the maintenance of appropriate liquidity in the system...Read more

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