Banknet India http://www.banknetindia.com/ Banking, Technology, BPO, Research, Conferences info@banknetindia.com en-us http://www.banknetindia.com/images/banknetslogo.gif New Executive Directors join Central Bank Of India http://www.banknetindia.com/press/predcentral.htm Mrs V. R. Iyer and Shri R. K. Dubey are new Executive Directors of Central Bank of India. Arbitration mechanism for exchanges streamlined http://www.banknetindia.com/banking/10820.htm SEBI streamlines the arbitration mechanism available at stock exchanges. Emerging economies help merger activities http://www.banknetindia.com/banking/10819.htm Emerging economy trade buyers help jump in merger/acquisition activity, says KPMG. Microfinance and the Core Principles http://www.banknetindia.com/banking/10818.htm Microfinance activities and the Core Principles for Effective Banking Supervision. Eco Panel to discuss greener banking http://www.banknetindia.com/banking/ibts10_press3.htm Banknet to organize Eco Panel to discuss "Towards greener banking and technologies". Bankex down by 2.5% in falling market http://www.banknetindia.com/stock/bankex.htm BSE Banking Index, Bankex, was down by 2.5% in falling market. Chairman, Jammu and Kashmir Bank resigns http://www.banknetindia.com/press/prcmdjk.htm Dr. Drabu resigns as Chairman/Chief Executive, Jammu and Kashmir Bank. Students can open No-Frill bank accounts http://www.banknetindia.com/banking/10817.htm RBI advises banks to open No-Frill accounts for students. Power Panel on Banking Technology http://www.banknetindia.com/banking/ibts10_press2.htm Power Panel on 'Banking Technology and Applications - Challenges and Trends' . MBAs from non metro opt for Bank/PSU Jobs http://www.banknetindia.com/banking/10816.htm B-School pass out from Tier II, III cities opt for Bank/PSU Jobs for job security . George Soros buys 4% in BSE http://www.banknetindia.com/finance/markdeals.htm George Soros has bought 4% stake in Bombay Stock Exchange (BSE) for $35 million. Venture capital growth in emerging markets http://www.banknetindia.com/banking/10815.htm Venture capital growth predicted in emerging markets:Deloitte, NVCA Study . Implementing stronger standards by banks http://www.banknetindia.com/banking/10814.htm Benefits of implementing stronger standards by banks are substantial. RBI norms for Core Investment Companies http://www.banknetindia.com/banking/cic10.htm RBI announces Regulatory Framework for Core Investment Companies (CICs). Bank stocks index gains 3.4% in a flat market http://www.banknetindia.com/stock/bankex.htm BSE Banking index, Bankex gains 3.4% in a flat market-SBI shares gain 9%. IDFC not planning for a banking licence http://www.banknetindia.com/banking/bn11299.htm IDFC not planning to seek a banking licence from Reserve Bank of India. RBI relaxes ECB norms for IT cos http://www.banknetindia.com/banking/ecb0810.htm RBI relaxes External Commercial Borrowings norms for hotels, hospitals and IT cos. NBFCs can participate in currency futures http://www.banknetindia.com/banking/10813.htm NBFCs allowed to participate in currency futures to hedge their forex exposures . Issue new banking licences to Indian banks http://www.banknetindia.com/banking/10812.htm Issue new banking licences only to Indian owned, incorporated banks-Assocham. Banknet's 2nd Master Class on Cloud Computing http://www.banknetindia.com/ibts10master.htm Banknet to organize 2nd Master Class on Cloud Computing at Mumbai. International BankTech Summit on 24th Sept http://www.banknetindia.com/ibts10.htm Banknet's 6th edition of International Bank Tech Summit on 24th Sept 2010 at Mumbai. Bank stocks help markets to rebound http://www.banknetindia.com/stock/bankex.htm Bank stocks help Indian markets to rebound-BSE Banking index, Bankex gains 2.1%. Bank Base rate system to propel CP http://www.banknetindia.com/banking/10811.htm Bank Base rate regime to make corporates shift to commercial paper, says crisil. Banknet's Strategy Session on Social Media http://www.banknetindia.com/banking/social_press1.htm Banknet announces Special Strategy Session on Social Media Technologies. 60 years of Bank of India in Japan http://www.banknetindia.com/press/prjapan_boi.htm Bank of India completes 60 years of operations in Japan. Central Bank Q1 profit rises 26.22% http://www.banknetindia.com/press/pr2907cent.htm Central Bank of India's net profit rises by 26.22% in quarter ended June 30, 2010. Bankex gains after RBI rate hike http://www.banknetindia.com/stock/bankex.htm BSE Banking index, Bankex gains 0.4% after RBI hike in rates. Broad agreement on Basel reform package http://www.banknetindia.com/banking/10724.htm GHOS reach broad agreement on Basel Committee capital and liquidity reform package . Survey shows buoyancy in SME Sector http://www.banknetindia.com/banking/10723.htm CII survey shows buoyancy in the business confidence of SME Sector. ICICI acquires stake in United Stock Exchange http://www.banknetindia.com/banking/10722.htm ICICI Bank acquires 1.33% stake in United Stock Exchange of India (USE). High inflation is the dominant concern-RBI Governor http://www.banknetindia.com/banking/hqreview10.htm High inflation is the dominant concern in the monetary policy stance, says RBI Governor. Bank Rate and CRR unchanged, but repo rates hiked http://www.banknetindia.com/banking/1bqreview10.htm RBI retains Bank Rate and CRR at same level. But Repo rate and Reverse repo rates hiked. RBI's announces quarterly policy review http://www.banknetindia.com/banking/qreview10.htm RBI announces First Quarter Review of the Monetary and Credit Policy for 2010-11. 1st qtr macroeconomic, monetary developments http://www.banknetindia.com/banking/qmacro10.htm RBI releases report on macroeconomic and monetary developments in the first quarter of 2010-11. RBI's 1st Qtr Review on 27 July 2010 http://www.banknetindia.com/banking/artpol1.htm RBI's First Quarter Review of the Monetary Policy for 2010-11 on 27th July 2010. Feedback on risk disclosure practices http://www.banknetindia.com/banking/10721.htm Financial Stability Board invites feedback on risk disclosure practices. Market cautious ahead of RBI policy http://www.banknetindia.com/stock/bankex.htm Market cautious ahead of RBI policy-BSE Banking index, Bankex gains 0.8% RBI sets up Working Group for IFRS http://www.banknetindia.com/banking/10720.htm RBI sets up Working Group for International Financial Reporting Standard (IFRS) . Need to fine tune bank base rate system http://www.banknetindia.com/banking/10719.htm Assocham urges RBI to further fine tune base rate system of bank. Basel reviews regulatory reform package http://www.banknetindia.com/banking/10718.htm Basel Committee reviews progress on regulatory reform package. Bank of India to expand branch network http://www.banknetindia.com/banking/bn11299.htm Bank of India to expand its branch network to 3,600 and ATMs to 2,000 by March 2011. Banknet launches SME initiatives http://www.banknetindia.com/banking/sme_press1.htm Banknet Group announces launch of initiatives for small and medium enterprises (SMEs). Bank stocks, Bankex gains 3% http://www.banknetindia.com/stock/bankex.htm BSE Banking index, Bankex makes impressive gains of 3% in a week market. 'World insurance in 2009' Sigma Study http://www.banknetindia.com/finance/sigma09.htm Swiss Re's 'World insurance in 2009' Study reveals slight premium dip but improved capital. Fiscal consolidation is needed, says BIS http://www.banknetindia.com/banking/10717.htm Fiscal consolidation and financial sector reform are what's needed now, says BIS. Fitch upgrades support ratings of 5 banks http://www.banknetindia.com/banking/10716.htm Fitch upgrades the support ratings of five Indian government-owned banks. IMF raises India growth forecast to 9.4% http://www.banknetindia.com/banking/10715.htm IMF raises India growth forecast to 9.4% in 2010-But warns of global increase in risks BSE Banking index, Bankex gains 3.7% http://www.banknetindia.com/stock/bankex.htm BSE Banking index, Bankex gains 3.7% in a rallying market. Fresh directives on credit cards http://www.banknetindia.com/banking/10714.htm RBI issues fresh directives to banks on credit cards operations Qualified Institutional Placement Funding http://www.banknetindia.com/banking/10713.htm Qualified Institutional Placement (QIP) Funding is now growing, says Assocham Repayment of 11.30 % Government Stock, 2010 http://www.banknetindia.com/banking/10712.htm Repayment of 11.30 % Government Stock, 2010 at par on July 28, 2010. Base rate introduction and bank profitability http://www.banknetindia.com/banking/10711.htm Base rate introduction unlikely to impact bank profitability, says Crisil. BSE Banking index, Bankex remains stable http://www.banknetindia.com/stock/bankex.htm BSE Banking index, Bankex remains stable in the falling market. RBI's Rate hike not to hurt growth http://www.banknetindia.com/banking/liquidjuly10a.htm RBI's hike aims to contain inflationary expectations without hurting growth. RBI hikes rates by 25 basis points http://www.banknetindia.com/banking/liquidjuly10.htm RBI hikes repo and reverse repo rates by 25 bps to contain inflation. Banks switch to Base Rate system http://www.banknetindia.com/banking/intplrd.htm Banks switch to Base Rate system from BPLR system from July 01, 2010 Guidelines for Non-Convertible Debentures http://www.banknetindia.com/banking/ncd10.htm RBI issues revised guidelines for Non-Convertible Debentures (NCDs) Committee on Customer Service in Banks http://www.banknetindia.com/banking/10620.htm Reserve Bank of India constitutes a Committee on Customer Service in Banks. India's currency outlook revised to stable http://www.banknetindia.com/banking/10619.htm Fitch revised Local Currency Outlook of India to Stable from Negative. Public IT cloud revenues to reach $55.5bn http://www.banknetindia.com/banking/10618.htm Public IT cloud services revenues forecasted by IDC to reach $55.5 billion in 2014. Bankex down 2.2% due to Inflationary fears http://www.banknetindia.com/stock/bankex.htm BSE Banking index, Bankex was down by 2.2% in weak market due to Inflationary fears. IAIS MMOU has now 9 signatories http://www.banknetindia.com/banking/10617.htm International insurance supervisory MMoU signatories go up to nine. Adjustments to the Basel II framework http://www.banknetindia.com/banking/10616.htm Adjustments to the Basel II market risk framework- Power Panel at Banknet Summit Most of BSE sectoral indices down http://www.banknetindia.com/stock/bankex.htm Most of BSE sectoral indices including Banking Index, Bankex were down during the week . Five Public Banks to get Rs.6211 Crore http://www.banknetindia.com/banking/10615.htm Indian Govt approves Infusion of Rs.6211 Crore in Five Public Sector Banks Banking stocks suffer marginal losses http://www.banknetindia.com/stock/bankex.htm BSE Banking Index, Bankex suffer marginal losses in a steady market. Banknet Group is looking for alliances http://www.banknetindia.com/alliances.htm Banknet Group is looking for 'Strategic Partners and Alliances'. Banknet launches Special Soccer Section http://www.banknetindia.com/html/soccer.htm Banknet launches Special Soccer Section on kick off day of FIFA World Cup 2010. IOSCO Technical Committee has new chairman http://www.banknetindia.com/finance/sebi.htm Hans Hoogervorst appointed Chairman of IOSCO Technical Committee. Financial Regulation and Financial Inclusion http://www.banknetindia.com/banking/10614.htm Financial Regulation and Financial Inclusion-is there a trade off? 2010 FT Sustainable Banking Awards http://www.banknetindia.com/banking/10613.htm No Indian bank figures in the 2010 FT Sustainable Banking Awards. Min 25% public shareholding in listed cos http://www.banknetindia.com/banking/10612.htm Govt raises minimum threshold for public shareholding in listed companies to 25%. BSE Banking Index, Bankex gains 1.9% http://www.banknetindia.com/stock/bankex.htm BSE Banking Index, Bankex gains 1.9% due to recovery in PSU Bank stocks. Allow Banks to float subsidiaries-Assocham http://www.banknetindia.com/banking/10611.htm Permit commercial banks to float subsidiaries to fund equity, suggests Assocham. Banknet launches Corporate Speaker Management http://www.banknetindia.com/csm.htm Six Sigma PR, part of Banknet Group launches Corporate Speaker Management (CSM). Two pronged strategy for double digit growth http://www.banknetindia.com/banking/10524.htm Two pronged strategy necessary for India to have double digit growth, says Assocham. Rs.1.6 tn additional capital needed http://www.banknetindia.com/banking/10523.htm Rs.1.6 tn additional capital needed under proposed 25% public shareholding-Crisil. Bank funding and liquidity management http://www.banknetindia.com/banking/10522.htm CGFS report on Funding practices and liquidity management of international banks. BSE Banking Index, Bankex gains 1.6% http://www.banknetindia.com/stock/bankex.htm BSE Banking Index, Bankex bounces back and gains 1.6% during the week. Banks can borrow additional Rs 21,000 crores http://www.banknetindia.com/banking/liquid26may10.htm RBI's recent liquidity easing measures to allow banks to borrow additional Rs 21,000 crores. Top Speakers to address Insurance Forum on 1st June http://www.banknetindia.com/iforum10_speaker.htm Top Speakers from Insurance Cos to address Banknet's Insurance Technology Forum on 1st June. Cloud calls for Changes in Channel Ecosystem http://www.banknetindia.com/banking/10521.htm Cloud calls for Changes in Business Models in the Channel Ecosystem, says IDC. IBM is Knowledge Partner at Banknet Summit http://www.banknetindia.com/cxo10_partner.htm IBM is the Knowledge Partner at Banknet's 6th Annual CTO-CXO Summit, Ist June 2010, Mumbai. Two new EDs appointed at SEBI http://www.banknetindia.com/banking/bn11299.htm Dr. Pradnya Saravade and Shri Ananta Barua appointed Executive Directors of SEBI. No prior approval for forex royalty payments http://www.banknetindia.com/banking/10520.htm No prior approval required for forex payment of royalty under technical collaborations. Business Intelligence Software to grow 20.5% http://www.banknetindia.com/banking/10519.htm Asia/Pacific Business Intelligence Software Market is expected to grow 20.5% in 2010, says IDC. Private equity upswing in emerging markets http://www.banknetindia.com/banking/10518.htm IFC Sees brighter outlook for private equity investment in emerging markets. RBI eases ECB policy for IFCs http://www.banknetindia.com/banking/ecb0510.htm RBI eases External Commercial Borrowings policy for Infrastructure Finance Companies. Global Bank Ratings continue positive trend http://www.banknetindia.com/banking/10517.htm Global Bank Ratings Continue Positive Trend in Q110, says Fitch Ratings. Indian debt market may reach $1.5 trln http://www.banknetindia.com/banking/10516.htm Indian debt market may grow to US$ 1.5 trillion by 2016, forecasts ASSOCHAM-PWC. Cloud Server Market to Reach $12.6bn http://www.banknetindia.com/banking/10515.htm Enterprise Cloud Server Market to Reach $12.6 Billion in 2014, says IDC.