1. Events 2.Banking, Finance & Insurance News
3. BPO/ Technology News
4. Policy News
5. Indian Newsmakers
6. Market Deals
7. New Products
8. What is New
9. Humour
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| Major Conferences, Seminars & Exhibitions |
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1. FICCI's-"Indian Banking: Global Benchmarks", 25-27 September, Oberois, Mumbai
The Conference will be inaugurated by the Finance Minister of India & will have around 55 distinguished speakers including, Mr Malcolm D Knight, Chief Executive, Bank for International Settlements and Dr Bimal Jalan, Governor, Reserve Bank of India. Last year 78% of the delegates were bankers from top & middle management. Banknet India is the supporting organization & advisor to this premier event......... Read More
Limited number of stalls/sponsorship options are available at an exhibition being organised during the conference... Contact us at associate@banknetindia.com for more details.
2. The Asian Banker Summit 2003,15-17 September, Kuala Lumpur, Malaysia
It is region’s most prestigious & largest annual gathering of senior professionals in the banking and financial services industry. The Summit is the event for networking deals, for new and actionable ideas at the CEO & top management levels.
Banknet India is the exclusive supporting organisation from India for this prestigious banker's summit and is offering Special discounts of up to 25% on the participation fee of delegates from India... Contact us at associate@banknetindia.com for more details.
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| Banking, Finance & Insurance News |
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State Bank of India is planning to open up branches in Los Angeles, Canada and Sydney. ICICI bank is opening subsidiaries in UK and Canada and representative offices in China, Dubai and off shore banking unit in Singapore.
RBI has imposed a maximum interest rate of 250 basis points (2.50 per cent) above LIBOR for corresponding maturity on Non-Resident External deposits for one to three years.
RBI has asked public sector banks (PSBs) to appoint international audit firms to review their overseas branch operations.
IRDA has capped the minimum return at six per cent and the maximum at 10 per cent on all marketing illustrations (or publicity material)with effect from January 1, 2004.
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daily updates on banking & finance news Click here
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for insurance sector news Click here
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Bank of Rajasthan has tied up for ATM sharing with UTI Bank, while The Development Credit Bank Ltd (DCB) has announced a tie-up with HDFC Bank for sharing of ATMs.
Morgan Stanley is setting up a new business process outsourcing facility at Mumbai, with over 1,600 people. Deutsche Bank has also announced the start of its business process outsourcing (BPO) operations in India for payment and cash management processing.
TCS has emerged as the top IT software and service exporter in India followed by Infosys Technologies and Wipro Technologies according to a top 20 ranking by Nasscom.
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for news from technology sector Click here
......... for news/trends from BPO sector Click here
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RBI has modified the prudential norms applicable to non-banking finance companies (NBFCs) in relation to their exposure to infrastructure loans.
NRIs would no longer be eligible to invest their monies in small savings instruments.
RBI has now allowed authorised dealers to offer forward contracts to persons resident outside India to hedge the investments made in India.
RBI has allowed Indian companies to grant personal loans in foreign currency to employees working in branches overseas.
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Y Venugopal Reddy will succeed Bimal Jalan as the next Governor of the RBI.
V K Chopra is new CMD of Small Industries Development Bank of India.
Gunit Chadha takes over as Chief Country Officer (CCO) of Deutsche Bank.
Ajay Bimbhet is appointed as the acting Chief Executive Officer (CEO) of IDBI Bank.
M.S. Annigeri is CEO of Fixed Income Money Market and Derivatives Association of India.back to
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Four banks, UCO Bank, Indian Overseas Bank (IOB), Vijaya Bank and IDBI Bank, are planning to enter the market over the next two months to with Issues up over Rs 650 crore.IOB is entering capital market at Rs 24 per share.
Tata Sons, is seeking to raise $100 million overseas through a five-year syndicated loan.
RBI has turned down, National Hydro-Electric Power Corporation (NHPC) proposal to raise $100 million in Japanese yen with interest payment in US dollar.
...for more details & market deals Click here
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New product launched by: HDFC Bank & National Insurance...Read More
In earlier Newsletters, we have featured new products launched by: State Bank of India, Allahabad Bank, Dena Bank, IDBI Bank, Deutsche Bank, Standard Chartered Bank, HSBC, Indian Bank, Syndicate Bank, HDFC Bank, Citi Bank, Corporation Bank, AMEX, ANZ Grindlays, BNP Paribas, ICICI Bank, Bank of Baroda, Commerz Bank, Federal Bank, Global Trust bank, IndusInd, HDFC Standard Life Insurance, Tata Finance, ICICI Prudential Life, HDFC, Karur Vysya Bank, OBC, IBM, ABN AMRO, SBI Card, Deutsche Bank, Birla Sun Life Insurance, PNB, PSB, SBH, HCL Infosystems, MAX New York Life, Oriental Insurance, SBT, Shamrao Vithal Co-operative Bank, Intel, Bank of Punjab, Union Bank of India, Moody's Investors Services, Muscat Bank,Canara Bank, UCO Bank, PricewaterhouseCoopers, ICRA, Deutsche Bank, Tata AIG Life, Royal Sundaram Alliance, New India Assurance, SBI Life Insurance, ECGC & MasterCard International, BOB Cards, Lakshmi Vilas Bank, OM Kotak Mahindra Life, Thomas Cook, Jammu & Kashmir Bank, Bajaj Allianz General Insurance, Prudential ICICI Mutual Fund, LICback to
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During the discussion on various aspects of the Life Insurance policy, she asked Insurance Agent- "Suppose I take the life insurance for my husband today and tomorrow he dies? What will
I get? The Agent eyed her suspiciously and replied "A Life Sentence".
Supervisor told receptionist and switchboard operator that vice president had refused to approve his raise as he was all the time, either chatting with someone or talking on the phone.
...for more humour Click here |
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