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Top Stories- September 2004

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


Nearly a fifth of Europe's top 500 firms plan to outsource or relocate.... Read more

Standard Chartered Bank is acquiring the Indian operations of Japan's Sumitomo Mitsui Banking Corporation.... Read more

Banks not to pay service tax on the income earned from the discounting of bills or cheques. Interest on overdraft facility or cash credit facility also would not be subjected to service tax. .... Read more

IMF has expressed concern over Zimbabwe's banking sector.... Read more

US Federal Reserve has increased its benchmark short-term interest rate by a quarter-point.... Read more

Rating upgrades of 4 public sector banks and their Housing subsidiaries by CRISIL.... Read more

IMF feels that more forceful institutional action is needed from the Indian government to get to grips with the fiscal deficit.... Read more

Banks permitted to open branches for functions like central processing centres, which are incidental to banking business having no interface with customers. .... Read more

RBI Increases Cash Reserve Ratio (CRR) by 0.5 percentage.... Read more

Special report on Interest Rate Derivatives market in India .... Read more

RBI cancels licence of Sriganganagar Urban Cooperative Bank.... Read more



For more Stories from the Archives
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For Latest Stories... Click here

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