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 NRI Handbook, Tenders, IT Plans, Reports, Global Opportunities
NRI's Handbook for Banking & Investments
-Updated Second Edition- July 2004


Banknet India, has released Updated Second Edition of "NRI's Handbook for Banking & Investments". This handbook edited by Senior Bankers, provides updated & authentic information at one place. Second edition of the Handbook, incorporates changes in last 12 months, including those outlined in Indian Budget 2004-05. This Handbook is divided in 11 Chapters and nearly 50 subsections.

Handbook provides various definitions, detailed note on all the different types of accounts including rules regarding repatriation; detailed account of all the Investment options available to the NRIs both on repatriation and non repatriation basis. Foreign direct investment, Foreign Technical collaborations, issue related to ADRs / GDRs, Portfolio Investments, Acquisition of immovable property, various type of loans, facilities for insurance, education, visa rules, Tax concessions etc. Handbook also covers the facilities available to returning Indians, PIO Cards, list of banks offering ebanking facilities, categories of Visa to India etc.

Handbook is available in PDF Format (e-book) at introductory 15% discount... Click here

Business Mailers- Special Offer

Banknet India's Business mailers provide information on Tenders, EOI, RFP, Technology Plans, Reports, Studies, Trends & Global Opportunities from BFSI Industry. Our subscribers get 30- 40% more opportunities through our Business Mailers as compared to general tender information services offered by some firms. Subscribe now, to get 10% discount and Free copy of Special Study. Contact us at associate@banknetindia.com OR Click Here

   Banking, Finance & Insurance News
In last one month, Banking Sector has seen lot of action on M&A front-
Jamnagar Nagarik Sahakari Bank has been liquidated.
South Gujarat Local Area Bank has been amalgamated with Bank of Baroda.
Diamond Jubilee Co-operative Bank licence terminated, expected to be soon liquidated.

Global Trust Bank placed under Moratorium and now set to merge with the Oriental Bank of Commerce....Read Special Report

IDBI decides to merge IDBI Bank Ltd with itself to form India's fifth-largest bank by value....Read More

Private players capture 27.9% of the group life insurance market.... Read more

OM Kotak Mahindra Life Insurance has changed the company name to Kotak Mahindra Old Mutual Life Insurance

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for daily updates on banking & finance news  Click here
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for insurance sector news Click here
  BPO & Technology News
IDRBT's National Switch will facilitate connectivity between the Bank’s Switches & their ATMs, and inter-bank payment gateway for authentication & routing the payment details of various e-commerce transactions, e-government activities .... Read more

Domestic IT market has shown a 24 per cent growth as against 17 per cent in software exports.... Read more

Allahabad Bank has decided to to implement Business Process Engineering (BPE), while UTI Bank will soon launch its 50 seater call-centre.

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for news from technology sector  Click here
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for news/trends from BPO sector  Click here
  Indian Budget 2004-05: Special
The Union Budget 2004-05 has hiked income tax exemption limit to Rs 1 lakh but imposed a 2 per cent education cess on all central taxes. There is no change in interest rates on small savings schemes. Government has targetted for 7 to 8 % GDP growth and to eliminate Revenue deficit by 2008-09.
....Full Budget in just 12 clicks
....Budget Highlights
....Visit our Special Section on Indian Budget
....Economic Survey 2003-2004



  Indian Newsmakers
B. Vasanthan, joins the National Bank of Oman, as its Chief Executive Officer.

S.S Shet takes charge as Chairman, North Malabar Gramin Bank.

S Ramadorai, CEO, TCS ranked as the fifth most influential person of technology sector by Computer Business Review.

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   Market Deals
Export-Import Bank of India, raised $ 250 million five year bond at 185 basis points over five year US treasury rate.

More than $7 bn investments in India in next 3 years.... Read more

LIC Housing Finance, plans to go in for a GDR issue of $50m to partly fund its business plan.

...for more details & market deals Click here
   Other Top Stories from Banknet India!!
Definition of priority sector lending by banks widened.... Read detailed guidelines

Fund to Combat Money Laundering & Financing of Terrorism .... Read More

RBI has specified ‘Fit and proper’ criteria for directors of private banks.... Read More

Banks advised to strictly comply with the credit exposure ceilings .... Read More

First public sector bank gets corporate governance rating.... Read more

One more ATM network sharing arrangement signed in the banking sector.... Read more

70 percent of the adult population in Russia has not banked since 1998.... Read more

The Finance Minister has revised securities transaction tax (STT).... Read more

Regional Rural Banks (RRBs) earn profit of Rs 934 crore in 2004.... Read more

World's biggest banking group may soon loose it's top position .... Read more

Self-regulatory organisation for NBFC's has been registered.... Read more

Government announces new scheme for senior citizens.... Read more

The Government withdraws three Deposit Schemes .... Read more

Market share of Indian & MNC brands in PC segment declines.... Read more

Now through ATMs you can book tickets, get mobile card.... Read more

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for more stories, features & daily updates  Click here
  Best of Humour
Worry about Money

Fresh out of business school, the young man answered a want ad for a Fianance Manager. Now he was being interviewed by the owner of the firm.

"I need someone to do my worrying for me. I worry about a lot of things," the owner said. "But I don't want to have to worry about money. Your job will be to take all the money worries off my back."

"I see," the young graduate said. "And how much will my position pay?" "I'll start you at Ten lacs," responded the owner decisively.

"Ten lacs Rupees!" the young graduate exclaimed. "How can such a small business afford a sum like that?"

"That," the owner said, "is your first worry. Now get to work!"


...Humour Section Now Updated More Frequently  Click for More Humour

 

Updated Second Edition
Study on Tenders
Report & White paper on BPO
How & Why of Outsourcing
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