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Top Stories- May 2008

Indian Government has relaxed norms for External Commercial Borrowings (ECBs)...Read more on ECBs

Securities and Exchange Board of India has relaxed norms for Foreign Institutional Investors (FIIs) ...Read more

Fitch Ratings views positively the legal reforms and self-help remedies introduced under Indian laws ...Read more

Reserve Bank of India expands definition of wilful default by the borrowers ...Read more

World Bank announce two international climate investment funds ...Read more

OTC derivatives market shows steady growth, according to BIS statistics ...Read market related stories

Credit disbursement of Indian banks slows down, according to assocham study ...Read more

Meghalaya and Manipur sign MOU with Reserve Bank of India for Urban Cooperative Banks ...Read more

Centurion Bank of Punjab merged with HDFC Bank with effect from May 23, 2008 ...Read more

KPMG Business Outlook Survey anticipates robust growth in the Indian service economy ...Read more

Fitch Ratings has affirmed the ratings of State Bank of India (SBI) with stable outlook ...Read more

Reserve Bank of India has liberalized norms for insurance business by Cooperative Banks ...Read more

IFC and Standard Chartered Bank launch new product to improve financing for Microfinance Sector ...Read more



Risk Management, Customer Centricity and Basel II are the top priorities for Indian Banks, according to Banknet Financial Systems Survey 2008 ...Read technology related stories

Criteria and selection procedure for 'Banknet Excellence Awards' announced at CTO-CXO Summit ...Read more

Central bankers have highlighted the need for further action to reduce foreign exchange settlement risk ...Read more

Survey indicates that 90% of Asian Banks have commenced preparations for Pillar 2 (Basel II) ...Read more

Banknet CTO-CXO Summit to address the challenges in New Age Banking and Technology on 15th May 2008 at Mumbai ...Read more

The Finance Bill, 2008 receives the assent of the President of India and both the Houses of Parliament ...Read more

Banknet institutes Excellence Awards for bankers ...Read more

Defaults in U.S. to accelerate through 2008 ...Read more


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