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Top Stories- October 2008

IMF welcomes comprehensive European response to Financial Crisis, sees major downside risks averted...Read more

International Association of Insurance Supervisors issues supervisory papers on solvency assessment...Read more

Reserve Bank of India cuts Repo Rate by 100 basis points to 8.0 per cent...Read more

Fitch Comments on Government Programs, Current Crisis and Implications for Bank Ratings...Read more

Indian banking sector is at 6th position among emerging economies, says assocham...Read more

Cap on debt-equity investment ratio for Foreign Institutional Investors removed by Indian Government...Read more

Reserve Bank of India cut CRR by 100 bps, release part payment against loan waiver, increase NRI deposit rates...Read more

Indian Banks challenged by domestic, not global, factors, says Crisil...Read more

Reserve Bank of India asks banks to disburse sanctioned limits to clients...Read more

Indian banking system is stable and sound, says Governor, Reserve Bank of India...Read more

Tata Consultancy Services (TCS) to acquire Citigroup Global Services for $505 million...Read more

Indian Government has constituted a group to assess the requirements of liquidity...Read more

The rupee slipped to lowest against Dollar since May 2002, but later recovered...Read more

Reserve Bank of India reduces cash reserve ratio (CRR) by additional 100 basis points to 7.5 per cent... Read more

Bank of New York Mellon (BNY Mellon) acquires JPMorgan Trust Bank in Japan...Read more

Indian economy and banking system has the capacity to weather the global financial crisis, says Indian Government...Read more

IMF sees heightened risks to global financial stability and urges comprehensive action...Read more

RBI reduces CRR by 50 basis points ratesoct08.htm Reserve Bank of India reduces cash reserve ratio (CRR) by 50 bps to 8.5% to ease liquidity...Read more

Reserve Bank of India to launch XBRL standards for Basel II Reporting System...Read more

Global banking industry to see more restructuring and consolidation, says TowerGroup...Read more

Indian IT-BPO sector to be impacted for 3-4 quarters by US financial turmoil, says Nasscom...Read more

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