Banknet India

Reward programs key for banks

Deposit Rewards programs key for banks to retain customers-TowerGroup

Bankex gains 4% during the week

Bankex, BSE Banking Index recovers and gains 4% during the week.

Insurers to go for IT Outsourcing

Insurers In Asia/Pacific Are Increasingly Receptive To IT Outsourcing, Says IDC.

Maintain Fiscal Support,says IMF

Maintain Fiscal Support, but Devise Credible Exit Strategies, Says IMF.

PNB net profit grows up by 31.1%

Punjab National Bank registers net profit growth of 31.1% in Q2, FY10.

Central Bank net profit up by 227%

Central Bank of India net profit up by 227% for Q2 FY10 on QoQ basis.

IAIS support G-20 Declarations

International insurance supervisors support G-20 Declarations .

Global Bank Downgrades Decline

Global Bank Downgrades Decline by More than 50% in Q3, says Fitch Ratings.

IMF Sells 200 tons of Gold to RBI

IMF Announces Sale of 200 metric tons of Gold to the Reserve Bank of India.

Bank of India total income up by 12%

Bank of India total income for the Q2 FY10 show a growth of 11.99% .

Jammu and Kashmir Bank net up by 16%

Jammu and Kashmir Bank earns net profit of Rs. 252 crores for first half year FY10.

ICICI Bank Q2 net profit marginally up

ICICI Bank net marginally up mainly due to the reduction in expenses.

RBI Policy on expected lines-Assocham

RBI Policy on expected lines, strikes balance in growth and inflation-Assocham.

Bankex down by 9%, after RBI Qtr Review

BSE Banking Index, Bankex was down by 9%, mainly due to tightening RBI stance .

Andhra Bank Q2 net profit up by 70%

Andhra Bank Q2 FY10 net profit up by 70% to Rs.274 Crore.

Bank of Baroda posts 60% rise in Q2 net

Bank of Baroda Net Profit Up by 60.4% to Rs 634 crore in Q2, FY10.

Higher provisioning to impact bank profits

Higher provisioning in RBI policy review to impact banks' profitability- Crisil

Kotak Mahindra Bank PAT up 163%

Kotak Mahindra Bank Consolidated PAT for Q2FY10 up 86% and Bank PAT up 163%.

Union Bank 2nd Qtr net up by 39.50%

Union Bank of India second quarter net up 39.50% to Rs.505 crore.

Allahabad Bank Net Profit up 700% in Q2

Allahabad Bank registers 700% growth in Net Profit for the Quarter ended Sept�09.

No compromise on inflation,says RBI Governor

To Support recovery without compromising on price stability, says RBI Governor.

RBI prepared to respond swiftly on inflation

RBI to monitor inflation and take measures swiftly and effectively,if required.

Bank Rate, Repo Rates, CRR kept unchanged

RBI kees Bank Rate, Repo Rate, Reverse Repo Rate, CRR unchanged.SLR restored to 25%.

RBI releases Macroeconomic,Monetary Review

RBI releases Macroeconomic and Monetary Developments-Second Quarter Review.

Canara Bank net profit for Q2 up by 72%

Canara Bank's net profit for Q2 of FY10 rose by 72% to reach Rs.911 crore.

Dhanalakshmi Bank posts over 37% growth

Dhanalakshmi Bank posts over 37% topline growth for half year ended Sept 30,09.

RBI Monetary Policy Review on 27th Oct

RBI Second Quarter Review of its Monetary Policy 2009-2010 on Oct 27,09.

Launch of access to insurance initiative

Launch of a new global programme to improve access to insurance.

Macroeconomic,Monetary Review on 26th Oct

Macroeconomic and Monetary Developments: 2nd Qtr Review by RBI on Oct 26, 09.

Credit Information Cos act modified

Reserve Bank of India modifieds Credit Information Companies Regulations, 2006.

BSE to touch 20,000 by 2010

BSE, NSE likely to touch 20,000 and 6,000 marks by 2010, projects Assocham.

Credit quality stabilising in India

Credit quality stabilising, but recovery will be slow, finds Crisil study.

RBI cancels licence of a Co-op Bank

Reserve Bank of India cancels the licence of Surat Mahila Nagrik Sahakari Bank.

IAIS Annual Conference in Brazil

Insurance supervisors to discuss the future of insurance markets and supervision.

Economic Upturn for MSMEs in India

Economic Upturn for MSMEs in India is round the corner,reveals CII survey.

HDFC Bank net profit for Q2 up by 30%

HDFC Bank net for quarter ended Sept 30, 2009 up by 30% at Rs 687 crore.

16 Indian cos figure in Forbes Asia list

16 Indian companies figure in Forbes Asia's 200 Best Under A Billion.

IndusInd Bank net profit for qtr2 up by 131%

IndusInd Bank Net Profit for quarter ended September 30, 2009 up by 131%.

World Bank to support Indian Banking Sector

World Bank to provide Banking Sector Support Loan of US$2 billion to India.

Insurance Regulator to facilitate research

Insurance Regulator, IRDA to facilitate research on non-life insurance in India.

HDFC announces first Half-year results

Housing Development Finance Corporation announces Financial Results for first Half-year.

Highest rating P1+ for IndusInd Bank

Crisil reaffirms highest rating P1+ for FDs/CD programme of IndusInd Bank.

FIs to facilitate lending cooperation

International Finance Institutions to Facilitate Lending Cooperation.

India's FDI inflows exceed US$ 100bn

India's foreign direct investment (FDI) inflows exceed US$ 100 billion.

Gandhi never won the Nobel Peace Prize

Mahatma Gandhi tops the list of people who should have won Nobel Peace Prize.

Asian Corporates to rely on bank funding

Asia-Pacific corporates to continue reliance on bank funding, says Fitch.

Customers top priority for the banks

Financial services companies work more effectively with customers

Let market determine salaries of CEO

Let the market forces determine salaries of CEOs, says Assocham.

IFC to help clean up financial systems

IFC initiatives to clean up financial systems in developing countries.

RBI to improve banking reach in Sikkim

RBI announce initiatives to improve banking reach, promote financial inclusion in Sikkim.

3 principles to reshape the global economy

IMF outlines 3 principles to reshape the global economy in the post-crisis world.

Indian Banks generally resilient,says Fitch

Indian Banks generally resilient under stress test,says Fitch Ratings.

Commodity Exchanges to reduce foreign equity

Indian Commodity Exchanges asked to reduce foreign equity by 31st March 2010.

Gifts above Rs.50,000 become taxable

Gifts above value of Rs.50,000 become taxable in India from 1st October 2009.

IMF welcomes actions by G20 nations

IMF MD welcomes actions by G20 nations to sustain the global recovery.

G20 formally endorse establishing of FSB

G20 Leaders endorse the Financial Stability Board�s Charter.

Joint Forum releases Final Report on SPEs

Joint Forum releases final version of Report on Special Purpose Entities.

2nd qtr review of Monetary Policy on Oct 27

2nd quarter Review of Monetary Policy for 2009-10 by Reserve Bank of India on Oct 27, 2009.

SEBI amends listing, takeover norms

Securities and Exchange Board of India amends listing, IDR, GDR/ADR and takeover norms.

Bankex shot up 14% during Sept 2009

BSE Banking Index, Bankex shot up 14% during the month of September 2009.

Federal Bank on rating watch by Fitch

Fitch places Federal Bank on watch negative on possible merger with Catholic Syrian Bank.

Group risk in funding real estate

RBI asks banks to meticulously assess group risk in real estate sector.

IMF Signs US$22bn Borrowing Agreement

IMF Signs US$22 billion Borrowing Agreement with Deutsche Bundesbank

Major Banking and Insurance Summit Tommorow

Major Banking and Insurance Summit and Exhibition on 24th Sept 2009 at Mumbai.

BRIC countries to attract FDI-UNCTAD report

BRIC countries most favoured destination for FDI-World Investment Report 2009

Bankex continues winning streak,gains 4.6%

BSE Banking Index continues winning streak and gains 4.6% for week ended Sept 18'09

TRAC to review Takeover Regulations

SEBI constitutes TRAC to review Takeover Regulations-Solicits inputs from public.

Increased Financing to Cope with Crisis-IMF

Low-Income Countries Need Increased Financing to Cope with Crisis, Says IMF.

India one of the best investment destinations

India is one of the best investment destinations in the world, says Indian Minister.

Treasurers emphasize investments in technology

Treasurers Emphasize Cash Visibility, Technology and Improving Operations.

Strengthening cross-border bank resolution

Recommendations for strengthening cross-border bank resolution frameworks.

Interest subsidy on export credit extended

RBI extends 2% interest subsidy on rupee export credit for next 6 months.

SBI gets full banking licence in Dubai

State Bank of India (SBI) gets full banking licence to operate in Dubai.

Issue of Indian Oil Companies Special Bonds

Government of India announces issue of Oil Marketing Companies Special Bonds.

Financial services potential in emerging markets

IFC-World Bank report shows vast financial services potential in emerging markets.

CXOs from 3 Insurance Cos to address Summit

COO, Country Head, CTO from 3 Major Insurance Cos to address Banknet's BankTech Summit.

Bankex gains 7%, powered by PSU Bank stocks

BSE Banking Index gained 7%, powered by PSU Bank shares for week ended Sept 11'09.

IMF cautious about global recovery

IMF chief cautious about global economic recovery, notes need for continued policy action.

Home loans to get interest rate subsidy

Home loans up to Rs 10 lakh will get 1% interest rate subsidy.

'Invest India' to promote Foreign Investment

Indian Govt. to form a JV company 'Invest India' to promote Foreign Investment.

Micro financial institutions for real estate

Govt.to create micro financial institutions and credit rating system for real estate.

Relaunch of IRFS to benefit banks

Relaunch of interest rate futures to benefit primary dealers, says Crisil.

Smt Gopinath reappointed Deputy Governor of RBI

Shyamala Gopinath reappointed as Deputy Governor of Reserve Bank of India.

Central Banks announce response to banking crisis

Central Bank Governors announce comprehensive response to the global banking crisis.

Banknet MasterClass conducted by McKinsey

Banknet MasterClass Workshop is conducted by McKinsey's Business Technology Practice head in India.

Public Sector Bank stocks gain- BSE Bankex

Public Sector Bank shares gain in a dull market for the week ended Sept 04, 2009.

SEBI notifies ICDR Regulations 2009

SEBI notifies replacement of DIP Guidelines 2000 with ICDR Regulations 2009.

RBI authorises Nomura as a primary dealer

Reserve Bank of India authorises Nomura (NFIS) as a primary dealer(PD).

Banknet Master Class Workshop on Payments

Banknet Master Class Workshop on Payments,conducted by Mckinsey is on 24th Sept'09.

SBI reduces agriculture loan rates

State Bank of India reduces agriculture loan rates for drought-hit farmers.

IndusInd Bank extends support to NGOs

IndusInd Bank extends support to disadvantaged sections of society through NGOs.

Andhra Pradesh Chief Minister YSR dies

Andhra Pradesh Chief Minister Y S Rajasekhara Reddy (YSR) dies in helicopter crash.

2.61 Cr Micro, Small and Medium Cos in India

2.61 Crore Micro, Small and Medium Enterprises in India, reveals MSMEs census.

Few ASEAN bank ratings expected to be affected

Ratings of only few ASEAN banks expected to be affected, says a report.

Best practices for preventing ATM skimming

ATMIA publishes best practices for preventing ATM skimming.

HP takes centerstage at Banknet's BankTech Summit

HP leaders in Document Automation Market takes centerstage at Banknet's BankTech Summit.

Savings-led micro credit/finance is the future

Savings-led micro credit/finance is the future: A Special Feature