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Top Stories- April 2007

RBI's Annual Policy Statement for the year 2007-08 was announced Dr. Y.V. Reddy, Governor, Reserve Bank of India on April 24, 2007 and Bank Rate, Reverse Repo Rate and Repo Rate were kept unchanged
.... Full Text of Credit Policy
.... Highlights of Credit Policy

An analytical review of macroeconomic and monetary developments in 2006-07 was issued by RBI a day in advance on 23rd April 2007 as a supplement.... Click Here

SEBI has advised that PAN would be the sole identification number for all participants transacting in the securities market...Read more

Home loan disbursals are likely to grow at 20 per cent in 2007-08, according to a study by CRISIL...Read more

Reserve Bank of India has announced revised guidelines for the implementation of the new capital adequacy framework ...Read more

RBI has decided to keep liberalised guidelines for access to overseas funds by authorised dealer banks in abeyance ...Read more

By amalgamating RRBs, sponsored by the same bank within a State, number of RRBs are now reduced to 96 from 196 ...Read more

China and India are the most important wealth markets in Asia, according to Barclays Capital's Wealth management survey ...Read more

Reserve Bank of India has announced guidelines on allotment of bank safe deposit lockers to customers ...Read more

Reserve Bank of India has introduced Protected Disclosures Scheme for private and foreign banks operating in India ...Read more

Mobiles to help banks to expand their reach...Read IT related news

Customer Service, Security, KYC and Anti-Money Laundering made it to the top priority list in Banknet India's Financial Sector Survey 2007 findings released at CXO Summit ...Read more

Spare capacity in the Indian economy remains very low and overheating remains a risk, despite monetary policy tightening, says IMF ...Read more

Banknet India will release Financial Sector Survey 2007 findings at CXO Summit on 19th April 2007 at Mumbai ...Read more

RBI has advised banks to generally insist for nomination in a single deposit accounts ...Read more

Peoples Bank of China has increased deposit reserve ratio by 0.5 percentage point to 10.5 ...Read more

Bank of England kept benchmark interest rate unchanged at 5.25% on 5th April 2007...Read more

HDFC Bank and Corporation Bank authorised by RBI to undertake Primary Dealer (PD) business...Read more

Reserve Bank cancels the licence of Shri Balasheb Satbhai Merchants Co-operative Bank, Maharashtra...Read more

The Financial Times and IFC short list of 2007 FT Sustainable Banking Awards include ABN Amro, India and Citi, India...Read more


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