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Top Stories- August 2008

Reserve Bank of India has clarified on phasing out of the Banknotes...Read more

ATMs are both efficient and low-energy users, says ATIM in its position paper on environmental aspects of ATMs...Read more

Reserve Bank of India feels that Currency futures will be an effective risk management instrument...Read more

Reserve Bank of India has asked banks to display information like service charges, interest rates at their branches...Read more

Insurance industry in India to move towards IFRS compliance by 2011...Read more

Mobile Payments to reshape crossborder remittance market, says TowerGroup...Read more

Bank strikes and holidays have distrupted the Indian markets...Read more

Citigroup, Merrill Lynch and UBS have suffered the maximum losses...Read more

Banknet's Seminar on Mobile Banking and Payments on 26th August 2008 will be addressed by top functionaries from 10 major banks...Read more

The outlook for global asset-backed securitisations (ABS) varies for the rest of this year, says Fitch Ratings...Read more

Currency Management can help banks to achieve cost and operational efficiencies, says TowerGroup...Read more

Companies in IT and financial services have announced recruitment plans of 1.75 lakh personnel...Read more

Nasscom Report projects Indian software product business to touch USD 9.5 to 12 billion by FY2015...Read more

Banknet's Seminar on Mobile Banking and Payments on 26th August 2008 will also touch upon the role of mobiles in the financial inclusion...Read more

Earnings pressures continue through second quarter for global investment banks and brokers, according to Standard and Poor's...Read more

Indian Goverment has allowed restructuring of equity capital of Punjab and Sind Bank...Read more



Renewed focus on risk brought by the Basel II guidelines has been timely for Indian Banks, says Fitch Ratings...Read more

Banks in India are now permitted to become members of currency futures exchanges...Read more

Reserve Bank of India has announced currency futures trading guidelines...Read more

Revised eligibility criteria under Differential Rate of Interest Scheme also applicable to semi-urban areas...Read more

Exchange Earner's Foreign Currency (EEFC) Accounts will no longer earn interest...Read more

New CMDs appointed for Allahabad Bank, Andhra Bank, Syndicate Bank and Vijaya Bank...Read more

The Joint Forum has released paper entitled Credit Risk Transfer - Developments from 2005 to 2007...Read more

Reserve Bank of India has revised capital adequacy, liquidity and disclosure norms for NBFCs...Read more

Reserve Bank of India to close interest rate subvention scheme on export credit from Sept 30,2008...Read more




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