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Top Stories- June 2007

New research from TowerGroup examine the factors critical to successfully implementing price optimization by banks and FIs...Read more

Indian Finance Minister, Shri P. Chidambaram has outlined the financing mechanism for building infrastructure in India...Read more

World High Net Worth Individuals (HNWI) now stands at 9.5 million, according to World Wealth Report 2007 of Merrill Lynch and Capgemini ...Read more

In its biggest ever cash purchase, Government has, acquired entire RBI shareholding in State Bank of India (SBI) ...Read more

Saraswat Co-operative Bank is acquiring two Sangli based co-operative banks...Read more

Banks in India may now undertake Pension Funds Management (PFM) through their subsidiaries set up for the purpose...Read more

The two-way interaction between India and the world in terms of globalisation is here to stay, according to Shri P. Chidambaram, FM...Read more

India could emerge as the third largest domestic banking market in the world by 2040, according to PWC report on Banking in 2050...Read more

RBI asks banks in India to operationalise their formal stress testing frameworks from March 31, 2008...Read more

RBI has allowed regional rural banks (RRBs) to participate in consortium lending and to also open back offices...Read more

Indian operations of HSBC reported a 64% rise in net profits and Bank of America registered a 35% jump in after-tax profits...Read more

Highest average IT spending for 2006 was by the BFSI vertical, according to a NASSCOM study...Read more

Fitch Ratings has affirmed the 'BBB-' (BBB minus) Long-term Foreign Currency Issuer Default Rating (IDR) of ICICI Bank...Read more

Indian IT/BPO industry will continue to grow over 30% on a year-to-year basis for at least another four years, according to assocham...Read more

A new report from The Boston Consulting Group highlights the key ingredients for successfully integrating companies...Read more

E-Commerce shopping is gaining immense popularity in metros and is likely to touch Rs 5,500 crores in 2007-08, according to assocham...Read more

Debit cards popularity grows but barriers exist to consumer use of mobile phones, according to Phoenix Payments Survey...Read more

Reserve Bank of India has imposed penalty on Kokan Mercantile Co-operative Bank and Janata Sahakari Bank both from Maharastra...Read more

Reinvention is key as exchanges become global, according to TowerGroup...Read more

Reserve Bank has liberalised hedging of overseas direct investments by residents...Read more

Admission of Financial Intelligence Unit (FIU)-India as a member of the Egmont Group is a major step forward for India in its fight against money laundering...Read more

According to a assocham study, there are large number of opportunities in a vast array of disciplines in emerging sectors...Read more

European banking consolidation accelerates creating challenges, says Moody's Investors Service...Read more

Regulations governing overseas investments have further been liberalised by Reserve Bank of India...Read more

TowerGroup has outlined the strengths of the European financial services industry and the threats it faces...Read more

Limit of bank loan under the Differential Rate of Interest scheme (DRI) has been enhanced from Rs 6500 to Rs 15000...Read more

SEBI constitutes a Group to address issues relating to difficulties faced by the investors while dealing with transmissions of securities...Read more

Sustainable Banking Awards 2007 for emerging markets has gone to ABN AMRO Bank, India...Read more

Reserve Bank to allow only fully and mandatorily convertible debentures into equity under FDI policy...Read more

Reserve Bank has liberalised investment by Mutual Funds (MF) in overseas securities...Read more

Reserve Bank has cancelled the licence of the Parivartan Co-operative Bank, Mumbai, Maharastra...Read more

The rapid pace of consolidation across the global retail banking industry is likely to continue through and beyond 2008,according to TowerGroup...Read more

Less than 3% students, mostly belonging to middle income families in India avail of education loans, according to assocham...Read more

Tax exemption limit enhanced to Rs 10,000 under senior citizens savings scheme...Read more

IAIS-CGAP paper outlines salient features of regulation and supervision of microinsurance...Read more

Haryana becomes 10th state to sign MOU with RBI for urban co-operative banks...Read more

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