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Top Stories- September 2008

IRDA has advised that insurance cover for mutual fund products will continue in India...Read more

Mitsubishi UFJ Financial Group (MUFG) to invest US$9 billion in Morgan Stanley...Read more

Citigroup to buy Wachovia's retail bank, corporate and investment bank businesses...Read more

Reserve Bank of India has inaugurated National Electronic Clearing Service (NECS) ...Read more

IFC,a member of the World Bank Group, to help expand affordable mobile phone services in India...Read more

JPMorgan Chase to raise US $10 billion capital & has priced its common stock at $40.50 per share...Read more

Massive upheaval on wall street will have major impact on investment management business ,says TowerGroup...Read more

Foreign direct investment to increase in insurance sector by US$ 0.46 bn in 2 years, says Assocham...Read more

Nomura to acquire Lehman's European and Middle East equities and investment banking operations...Read more

ATMIA has launched Best Practices for Mobile Device Security...Read more

Reserve Bank of India has operationalised Foreign Currency Exchangeable Bonds Scheme, 2008...Read more

Indian IT-BPO sector to be impacted in the short-term by US market turmoil, says Nasscom...Read more

International Association of Insurance Supervisors steps up coordination efforts...Read more

Reserve Bank of India has liberalised External Commercial Borrowings (ECB) Policy...Read more

Asian banks face indirect impact of US financial turmoil, says Standard and Poor's...Read more

Barclays to acquire Lehman Brothers North American investment banking and capital markets operations...Read more

Limited impact on Asia-Pacific banks from Lehman bankruptcy, says Fitch...Read more

TowerGroup comments on broader implications of Lehman bankruptcy and Merrill Lynch acquisition...Read more

US Financial Crisis prompts Reserve Bank of India to announces market measures...Read more

Bank of America has agreed to acquire Merrill Lynch in a $50 billion all-stock transaction...Read more

SEBI approves 10 Indian banks as Self Certified Syndicate Banks (SCSBs) ...Read more

More than 20 CTO's, GMs, Group Business Heads from Major banks and IT Cos to speak at Banknet's "Fourth Annual International Bank Tech Summit" on 16th Sept 2008 at Mumbai...Read more

Slower bank credit growth impacts industrial activity in India in FY 2007-08, says Assocham...Read more

Reserve Bank of India has raised the limit of advance remittance for import without bank guarantee... Read more

Online bill payment to become an integral part of Internet banking offerings, says TowerGroup...Read more

Standard and Poor's report discusses key factors of the global credit market dislocation...Read more

Securities and Exchange Board of India (SEBI) has amended Equity Listing Agreement...Read more

Reserve Bank of India has enhanced limit for direct receipt of import bills/documents to USD 300,000 Read more

BIS releases its quarterly review of international banking and financial markets...Read more

Payment and Settlement Systems Act, 2007 and Payment and Settlement Systems Regulations, 2008 have come into effect...Read more

Finance Secretary Duvuri Subbarao appointed new Governor of Reserve Bank of India ...Read more

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