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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... Click here
For Latest Stories... Click here
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