Banknet India http://www.banknetindia.com/ Banking, Technology, BPO, Research, Conferences info@banknetindia.com en-us http://www.banknetindia.com/images/banknetslogo.gif FSB to promote global cooperation http://www.banknetindia.com/banking/10318.htm FSB launches initiative to promote international financial standards. IMF signs US$10bn agreement with India http://www.banknetindia.com/banking/10317.htm IMF signs US$10 billion Note Purchase Agreement with Reserve Bank of India. SEBI constitutes Technical Committee http://www.banknetindia.com/banking/10316.htm Securities and Exchange Board of India forms committee of technology experts. IT in Insurance- Catalyst or Constituent http://www.banknetindia.com/banking/insurance_art1.htm IT in Insurance Sector- Catalyst or Constituent for a Sustainable Business Model? Build strong banking system before CAC http://www.banknetindia.com/banking/10315.htm Build strong banking system before Capital Account Convertibility, Assocham-Pwc. Electronic Hardware production up 43% http://www.banknetindia.com/banking/10314.htm Electronic Hardware production in India up 43%-IT/ITES grow 50% in last 2 years. SEBI revises norms for IPOs, derivatives http://www.banknetindia.com/banking/10313.htm Securities and Exchange Board of India revises norms for IPOs and derivatives. Assocham asks for more stock exchanges http://www.banknetindia.com/banking/10312.htm Assocham asks for more stock exchanges to ensure wider participation. RBI modifies lead bank scheme http://www.banknetindia.com/banking/leadbank10.htm RBI notifies implementation of Committee recommendations on Lead Bank Scheme. Two insurance authorities join MMOU http://www.banknetindia.com/banking/10311.htm Global insurance supervisory cooperation strengthens-Two more join MMOU Banknet's Insurance Technology Forum http://www.banknetindia.com/banking/insurance_forum.htm Banknet announces launch of the Insurance Technology Forum. IT Industry welcomes Indian Budget http://www.banknetindia.com/banking/budget10_react1.htm NASSCOM-Budget reaffirms importance of technology in realizing the national agenda. Budget Proposals and Industry Reactions http://www.banknetindia.com/banking/budget10_react.htm Industry Associations welcome budget proposals as positive and growth oriented. Hockey World Cup 2010 in India http://www.banknetindia.com/html/hockey.htm Hockey World Cup 2010 starts in Delhi today with India-Pakistan Match. Indian budget and banking sector http://www.banknetindia.com/banking/budget10_bank.htm Budget is balanced, growth oriented and is positive for banking sector, says Anurag Khanna. Indian Union Budget-Highlights http://www.banknetindia.com/banking/bhigh.htm India weathered economic crisis well, challenge to achieve GDP growth of 9%. Indian Union Budget 2010-2011 http://www.banknetindia.com/banking/budget10.htm Pranab Mukherjee, Finance Minister presents Indian Union Budget 2010-2011. RBI policies supported recovery http://www.banknetindia.com/banking/eco10a.htm RBI monetary policy supported early recovery, says Economic Survey. Indian Economic Survey 2009-10 http://www.banknetindia.com/banking/eco10.htm Indian Economic Survey 2009-10 presented to Parliament. Indian Railway Budget 2010-Summary http://www.banknetindia.com/banking/rail10a.htm Railways to take up socially desirably projects in backward areas. Indian Railway Budget 2010-2011 http://www.banknetindia.com/banking/rail10.htm Union Railway Minister presents Indian Railway Budget 2010-2011. Strong rebound in Indian growth rate http://www.banknetindia.com/banking/10218.htm Strong rebound in the second half of FY10 drives Indian growth rate upwards. Financial innovation to promote global growth http://www.banknetindia.com/banking/10215.htm Financial innovation will continue to play an important role in promoting global growth. BSE Bankex gains 1.6% in flat market http://www.banknetindia.com/stock/bankex.htm BSE Banking Index, Bankex gains 1.6% in an otherwise flat market. Co-op banks to discontinue bilateral clearing http://www.banknetindia.com/banking/coopclg.htm RBI instructs Co-operative banks to discontinue all bilateral clearing arrangements. Max Bupa Insurance gets IRDA approval http://www.banknetindia.com/banking/10217.htm Max Bupa Health Insurance Company is 23rd general insurer registered in India. IPL 2010- Full Match Schedule http://www.banknetindia.com/html/ipl.htm Indian Premier League (IPL) Cricket 2010 will kick off on March 12. Government amends norms for FCCBs http://www.banknetindia.com/banking/10216.htm Government amends norms for issue of Foreign Currency Convertible Bonds (FCCBs) . National policies alone can't prevent crisis http://www.banknetindia.com/banking/10214.htm National policies alone cannot prevent a crisis, concludes RBI Conference. BSE Banking Index, Bankex gains 2% http://www.banknetindia.com/stock/bankex.htm BSE Banking Index, Bankex gains 2% in the upbeat Indian market. PUNE HELPLINE-HOSPITALS AND BLOOD BANKS http://www.banknetindia.com/banking/punehelp.htm PUNE HELPLINE- HOSPITALS AND BLOOD BANKS RBI introduces IFCs a new category of NBFCs http://www.banknetindia.com/banking/ifcs.htm RBI introduces new category of NBFCs as Infrastructure Finance Companies (IFCs). RBI organising an international conference http://www.banknetindia.com/banking/10213.htm RBI is organising an international conference on Challenges to Central Banking. RBI further simplifies ECB norms http://www.banknetindia.com/banking/ecb0210.htm RBI eases External Commercial Borrowings norms, gives more power to banks. SEBI constitutes Committee for MIIs http://www.banknetindia.com/banking/10212.htm SEBI constitutes Committee for review of market infrastructure institutions. NASSCOM enhances thrust on e-Governance http://www.banknetindia.com/press/pr0902nass.htm NASSCOM further enhances its focus on e-Governance. Consultative paper on Microfinance http://www.banknetindia.com/banking/10211.htm Basel Committee issues consultative paper on Microfinance activities. RBI extends timings of NEFT http://www.banknetindia.com/banking/neft10.htm RBI extends timings and frequency of National Electronics Funds Transfer(NEFT). BSE Banking Index, Bankex looses 4.5% http://www.banknetindia.com/stock/bankex.htm BSE Banking Index, Bankex looses 4.5% in the falling stock market. Indian IT-BPO exports touches $50 bn http://www.banknetindia.com/press/pr0402nass.htm Indian IT-BPO Industry exports touches USD 50 bn landmark, announces Nasscom. Lakshmi Vilas Bank profit up 70% http://www.banknetindia.com/press/pr0102lvb.htm Lakshmi Vilas Bank profit up 70% for 9 months ending Dec. 31, 2009 . Central Bank is Banking Partner http://www.banknetindia.com/press/pr0402.htm Central Bank is exclusive Banking Partner to 2010 Commonwealth Games. Perfios launches Personal Fin Software http://www.banknetindia.com/press/perfio0402.htm Perfios launches a Comprehensive Personal Finance Software. City Union Bank net up 26.51% http://www.banknetindia.com/press/pr3001cub.htm City Union Bank net profit up by 26.51% to Rs.40.65 Crore. RBI relaxes end-use of ECB policy http://www.banknetindia.com/banking/ecb0110.htm RBI relaxes end-use conditions of External Commercial Borrowings (ECB) policy. Global Stability is important http://www.banknetindia.com/banking/10121.htm Economic Recovery Linked to Global Stability and Peace, says IMF MD. JK Bank Q3 net up by 16% http://www.banknetindia.com/press/pr3001jk.htm J and K Bank Q3 net profit up by 16% at Rs 140 crores. Canara Bank Q3 profit soars 50% http://www.banknetindia.com/press/pr2801canara.htm Canara Bank Q3 net profit soars 50% to Rs 1052.58 crores. Central Bank profit dips 13.25% http://www.banknetindia.com/press/pr2801cent.htm Central Bank net profit declines by 13.25% for Q3 ended Dec 2009. BOI Q3 Net Profit at Rs.406 Cr http://www.banknetindia.com/press/pr2801boi.htm Bank of India Q3 Net Profit, 25% higher than sequential profit Q2 FY10. GDP growth forecast raised to 7.5% http://www.banknetindia.com/banking/h3qreview10.htm RBI raises GDP growth forecast for 2009-10 to 7.5%. RBI to focus on price stability,growth http://www.banknetindia.com/banking/3qreview10d.htm RBI to maintain rate environment consistent with price stability, financial stability and growth. No change in Bank and repo rates http://www.banknetindia.com/banking/h3qreview10.htm RBI keeps Bank Rate, repo rate and reverse repo rate at same level. RBI hikes CRR by 0.75% http://www.banknetindia.com/banking/3qreview10.htm RBI has hiked Cash Reserve Ratio (CRR) by 75 basis points Q3 review of Monetary Developments http://www.banknetindia.com/banking/3qmacro10.htm RBI releases 3rd Qtr review of Macroeconomic and Monetary Developments. Nasscom Leadership Forum at Mumbai http://www.banknetindia.com/press/pr2801nass.htm NASSCOM announces 18th India Leadership Forum from Feb 9-11th, 2010. Union Bank of India profit dips 20% http://www.banknetindia.com/press/pr2701union.htm Union Bank of India net profit drops 20% at Rs.534 crores for Q3-FY10. Dhanlaxmi Bank Q3 profit drops 92% http://www.banknetindia.com/press/pr2301dhan.htm Dhanlaxmi Bank Q3 profit drops 92%,despite a rise in total income. 3rd Qtr Review of RBI Monetary Policy http://www.banknetindia.com/banking/artpol1.htm RBI will present 3rd Quarter Review of Monetary Policy 2009-2010 on Jan 29. Indian Bank Q3 net profit up by 26% http://www.banknetindia.com/press/pr2301indian.htm Indian Bank net profit up by 25.86% at Rs 441 crores in Q3. Andhra Bank Q3 profit goes up 29.47% http://www.banknetindia.com/press/pr2501andhra.htm Andhra Bank Q3 net profit up by 29.47% at Rs 275 crores Indian Bank Q3 net profit up by 26% http://www.banknetindia.com/press/pr2301indian.htm Indian Bank net profit up by 25.86% at Rs 441 crores in Q3. ING Vysya Bank Q3 net profit up 16% http://www.banknetindia.com/press/pr2101ing.htm ING Vysya Bank Q3 net profit up by 16% and operating profit up 37%. Allahabad Bank profit up 95% for 9 months http://www.banknetindia.com/press/pr2201alld.htm Allahabad Bank profit grows 95% for 9 months, but dips 6.5% in 3rd Qtr. BSE Banking Index, Bankex looses 1.1% http://www.banknetindia.com/stock/bankex.htm BSE Banking Index, Bankex closes 1.1% down, due to correction. ICICI Bank net profit fell by 13% http://www.banknetindia.com/press/pr2101icici.htm ICICI Bank net profit fell by 13% for quarter ended Dec 31,09. Supervision Framework for Insurance Gps http://www.banknetindia.com/banking/10120.htm IAIS approves development of framework for supervision of Insurance Groups. RBI relaxes salary remittance norms http://www.banknetindia.com/banking/10119.htm RBI relaxes remittance norms for salary earned by foreign nationals and Indians. Migrating towards Payment Hub-MasterClass http://www.banknetindia.com/ps10-masterclass.htm Migrating towards a Payment Hub with case studies from Europe, US, Asia-Banknet MasterClass on 22nd Jan. Uco Bank profit jump 43.22% in Q3 http://www.banknetindia.com/press/pr1501uco.htm Uco Bank net profit at Rs 245.82 crores, a jump of 43.22% in Q3 FY10. IDBI Bank Q3 2010 net up by 29% http://www.banknetindia.com/press/pr1501idbi.htm IDBI Bank's Q3 2010 net profit up by 29% to Rs.287 Crore. AXIS Bank Q3 FY10 Profit up by 31% http://www.banknetindia.com/press/pr1501axis.htm AXIS Bank Q3 FY10 Net Profit of Rs. 655.98 Crores, up by 30.97%. IndusInd Bank Q3 profit jumps 95%% http://www.banknetindia.com/press/pr1501indus.htm IndusInd Bank Q3 net profit at Rs.88.04 crore, shows jump of 95% . HDFC Bank Q3 net profit up 31.5% http://www.banknetindia.com/press/pr1501hb.htm HDFC Bank Q3 net profit up by 31.5% to Rs 818 crores. Central Bank of India raises 500cr http://www.banknetindia.com/finance/markdeals.htm Central Bank of India raises 500 crores to strengthen CRAR. Basel Committee reform package http://www.banknetindia.com/banking/10118.htm Central Bank Governors reinforces Basel Committee reform package. Jammu Kashmir Bank doubles lending http://www.banknetindia.com/press/pr1101.htm Jammu and Kashmir Bank doubles lending in State in 3 years. Cheque Truncation System in India http://www.banknetindia.com/banking/chqtruncation.htm Understanding Cheque Truncation System (CTS) in India- An Special. Report on scope of financial regulation http://www.banknetindia.com/banking/10117.htm Joint Forum releases report on nature and scope of financial regulation. Performance linked salaries in banks http://www.banknetindia.com/banking/10116.htm Is performance linked salaries in public sector banks a feasible option? Asia banking consolidation to intensify http://www.banknetindia.com/banking/10115.htm Asia Pacific banking consolidation to intensify in 2010, Says IDC. Banks to disclose bancassurance fees http://www.banknetindia.com/banking/10114.htm RBI asks banks to disclose bancassurance fees in their balance sheet . Mobile banking to pick up momentum http://www.banknetindia.com/ps10_pr02.htm Mobile banking in India to pick up momentum- Banknet's Payments Conference. Repayment of UTI Special Bonds, 2010 http://www.banknetindia.com/banking/10113.htm Repayment of Government of India UTI Special Bonds, 2010. India's external debt increase to US$243 bn http://www.banknetindia.com/banking/10112.htm India's external debt increase 8.1% to US$ 242.8 bn as at end-Sept 2009. SEBI approves 16 Banks to accept ASBAs http://www.banknetindia.com/banking/10111.htm SEBI authorizes 16 banks in India to accept ASBAs from investors. Full forex earnings credit to EEFC http://www.banknetindia.com/banking/91222.htm Full forex earnings can be credited to EEFC Account, clarifies RBI Life Insurance Co tie-up with RRBs http://www.banknetindia.com/press/pr2312.htm Canara HSBC OBC Life Insurance tie-up with two Regional Rural Banks. Emergence of new BPO Locations http://www.banknetindia.com/banking/91221.htm Diversification results in emergence of alternative Delivery Locations-IDC BSE Banking Index, Bankex recovers 4% http://www.banknetindia.com/stock/bankex.htm BSE Banking Index, Bankex recovers 4% in the improved market. Global reinsurers remain strong http://www.banknetindia.com/banking/91220.htm Global reinsurers remain strong despite challenges, says IAIS. Mobile banking ceiling hiked to Rs 50,000 http://www.banknetindia.com/banking/mobiledec09.htm RBI hikes the daily ceiling for mobile banking transactions to Rs 50,000. Priority sector norms to HFCs tightened http://www.banknetindia.com/banking/91219.htm RBI tightens priority sector bank lending norms to Housing Finance Companies (HFCs). Bankex looses 5.6% in weak market http://www.banknetindia.com/stock/bankex.htm BSE Bankex looses 5.6% in view of below expectation advance tax payments. Proposals to strengthen banking sector http://www.banknetindia.com/banking/91218.htm Basel announce proposals to strengthen the resilience of the banking sector. Consolidation of Indian Banks http://www.banknetindia.com/banking/91217.htm Is consolidation of Indian Banks, the need of hour? SBI General Insurance gets IRDA nod http://www.banknetindia.com/banking/91216.htm SBI General Insurance, a JV of State Bank and Insurance Australia gets IRDA approval.