| Top Stories- January 2008
Bank Rate, Reverse Repo Rate, Repo Rate and Cash Reserve Ratio (CRR) kept unchanged.
RBI announces the Third Quarter Review of its Annual Policy Statement for 2007-08 on January 29, 2008.
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The Reserve Bank of India on 28th January 2008 released the document “Macroeconomic and Monetary Developments: Third Quarter Review 2007-08” to serve as a backdrop to the Third-Quarter Review of the Annual Policy Statement for 2007-08.... Click here
US Fed goes for cumulative 1.25 percentage point reduction in the interest rates in less than two weeks.
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State Bank of India (SBI) net income rose to 18.1 billion rupees ($459 million) in the third quarter from Rs 10.65 billion a year earlier.
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The U.S. subprime mortgage crisis has forced banks to enter 2008 in a reactive mode, says a TowerGroup research.
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Banking services in India will be affected on 25th January 2008, due to one-day strike of bank officers and employees.
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According to Fitch Ratings, the number of negative bank ratings actions accelerated in Q407.
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Indian government has asked investors to take informed and responsible decisions.
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New York Stock Exchange has agreed to buy American Stock Exchange (Amex) in $260 million deal.
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Economic uncertainty will continue to dominate global securities and investments industry in 2008, says TowerGroup.
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Banknet Survey highlights that despite awareness, usage of electronic payment products has still to pick up in India.
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Bank of America to purchase Countrywide Financial Corp. in an all-stock transaction worth appx $4 billion.
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The Assets under management in India's mutual funds industry closed 2007 at Rs.5.54 trillion.
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Year 2008 will have the highest levels of political and economic uncertainty, according to the World Economic Forum's report.
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According to Crisil, sub-prime assets are at 7% of total outstanding retail loans in India.
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Banknet's fourth payment conference will discuss the impact of electronic payment products on the cash management.
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SEBI has proposed simplification of issuance process for corporate bonds.
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Moving towards Paperless e-Transactions is the theme of Banknet's Fourth International Conference on Payment Systems at Mumbai, India on January 16, 2008.
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According to Governor, Reserve Bank of India there is no visible immediate threat to Indian financial stability.
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SEBI has waived direct load on Indian investors making direct investments in Mutual Fund schemes.
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