Banknet India

Banking and IT/ITeS emerge as top employers

Banking and IT/ITeS sectors in India emerge as the top employers in April-June `09.

Banknet's Bank Tech Summit on 24 Sept'09

Banknet's 5th International Bank Tech Summit will be organized on 24th Sept 2009, Mumbai.

RBI relaxes ECB policy for SEZ and NBFCs

RBI relaxes External Commercial Borrowings (ECB) policy for SEZ and NBFCs.

Banknet is now also at twitter

News and Updates from Banknet are now also available at twitter.

RBI ask banks for better information sharing

Improved sharing of information under multiple banking arrangement to check frauds.

Signs of improvement in global outlook

Financial Stability Board notes signs of improvement in global macroeconomic outlook.

Negative outlook for banks in Asia

Negative industry outlook for Asian banking systems, says Moody's.

IAIS to strengthen insurance regulation

IAIS takes actions to further strengthen insurance supervision and regulation.

RBI ask banks to optimise use of NECS

RBI ask banks to optimise and expand use of National Electronic Clearing Service.

Real estate market in India to recover

Residential real estate market in India to recover in 2010, says CRISIL.

Bankex surges by 72.42 points

BSE's banking sector index, Bankex surges by 72.42 points, for week ended 19th June.

SEBI announces capital market reforms

SEBI announces reform measures in areas related to IPOs, Rights issues and Mutual funds.

Principles for Deposit Insurance Systems

Basel Committee and IADI issue Core Principles for Effective Deposit Insurance Systems.

Easier IDR listing norms for IOSCO countries

Securities and Exchange Board of India eases IDR listing norms by firms in IOSCO countries.

Top professionals attend Banknet's Summit

Top professionals from 68 organizations attended Banknet's CTO-CXO Summit on 5th June.

Dr Chakrabarty takes over as RBI Deputy Governor

Dr K. C. Chakrabarty has taken over as Deputy Governor of Reserve Bank of India.

Joint Forum paper on use of credit ratings

Joint Forum releases its final paper- Stocktaking on the use of credit ratings.

Improvement in CAR of Indian banking sector

Improvement in CAR demonstrates the soundness and resilience of Indian banking sector, says assocham.

No permission needed to open off-site ATMs

Reserve Bank of India permission no longer required by banks to open off-site ATMs.

Wholesale Banking Sector not much impacted

Towergroup optimistic on wholesale banking sector in otherwise ailing industry.

C B Bhave elected Chairman, APRC, IOSCO

C B Bhave, Chairman, SEBI is elected Chairman, Asia- Pacific Regional Committee,IOSCO.

Basel Committee broadens its membership

The Basel Committee on Banking Supervision broadens its membership.

Indian banks to set up a bank in Malaysia

Bank of Baroda, Indian Overseas Bank and Andhra Bank to set up a banking subsidiary in Malaysia.

FT Sustainable Banking Awards announced

FT and IFC have announced the winners of the 2009 FT Sustainable Banking Awards.

Report on bank credit loss effects on ratings

Moody's release report on bank credit loss estimates and their effects on ratings.

Mobile Banking turns into mainstream channel

Mobile Banking turns into a mainstream channel for consumer banking, says TowerGroup.

Major focus on Risk Management and Compliance at Banknet Summit

Major focus on Risk Management and Compliance at Banknet's CTO-CXO Summit on 5th June 09 at Mumbai.

No Bank guarantee for issuance of bonds

Reserve Bank of India has advised banks to not provide guarantee for issuance of bonds or debt instruments.

Moody's puts ratings of Indian banks on review

Moody's places ratings of 13 Indian commercial banks on review for possible downgrade.

IRDA to issue Corporate Governance Guidelines

IRDA to issue Corporate Governance Guidelines for Insurance Companies in India.

Banknet Summit to focus on Security and Frauds

Banknet's CTO-CXO Summit on 5th June 09 at Mumbai to focus on Cyber Security and Financial Frauds.

NBFCs perform better than banks

Finance Cos (NBFCs) in India register higher profitability in 08-09 as compared to the banks.

SEBI notifies Investor Protection Fund

Securities and Exchange Board of India notifies Investor Protection and Education Fund Regulations.

Indian Insurance likely to grow at 200%

Indian Insurance Sector likely to be Rs 2000 billion size By 2011, says assocham.

Bank stocks lead Indian share market rally

Bank shares index, Bankex surges 22.77% in the week ended May 22, 2009.

IAIS call for financial instruments standards

Insurance supervisors call for rapid progress on financial instruments standards.

Bank's stress testing principles issued

Basel Committee has issued principles for sound stress testing practices and supervision.

BIS Report on governance of central banks

Role of central banks has changed significantly, says Bank for International Settlements.

India's bank stocks surges 6.1%

BSE Bankex surged on hopes that falling interest rates will boost lending growth.

Paper issued on market and credit risk

Basel Committee issues working paper on the interaction of market and credit risk.

Banks to closely monitor nostro accounts

RBI asks Indian banks to reconcile and closely monitor nostro accounts.

Guidance issued on cross-border transfers

Basel Committee releases guidance on cross-border wire transfer messages.

Banks closely aligned with government risk

Financial crisis brings banks in greater alignment with government risk, says Moody's.

Low credit disbursement in smaller cities

Low Credit Disbursement by Banks in Tier III Cities, says Assocham

DBS Group sells its entire stake in HDFC Bank

DBS Group sold its entire 2.7% stake in HDFC Bank through block deals on BSE.

RBI relaxes restructuring norms of Coop Banks

RBI has relaxed Financial restructuring norms of Urban Cooperative Banks.

Banknet Summit to discuss Top Priorities for Banks

Banknet's CTO-CXO Summit on 5th June at Mumbai, to discuss 'Top Priorities for Banks in 2009'.

Credit Card issuers need to change

Credit Card issuers need to change current business processes, says TowerGroup

ECBs of $1.1 bn raised by Indian Inc.

External Commercial Borrowings of $1.1 bn raised by Indian corporates in March 2009.

Emulate Indian Success,says IFC

Developing Countries Can Learn from India's and China's Experience, says IFC Study.

RBI extends ECB relaxations

Reserve Bank of India extends External Commercial Borrowings Policy relaxations.

Savings Bank a/c to earn more

Indian banks to pay interest on savings account on a daily basis from April 1, 2010.

Development Emergency, says IMF

New Risks from Global Crisis Create Development Emergency, Says IMF and World Bank.

Bank stocks gain on RBI rate cut

Indian Bank shares rise on hopes that falling interest rates will boost lending growth.

NPAs of Indian banks to triple

Bank non-performing assets to triple by 2011, but won't endanger Indian banking sector, says Crisil.

Guidelines on outsourcing by banks

Reserve Bank of India ask banks to submit annual compliance certificate on outsourcing.

Mixed reactions on RBI Annual Policy

Mixed reactions on Reserve Bank of India Annual Policy Statement for 2009-10.

RBI cuts repo rates, CRR unchanged

Reserve Bank of India Annual Policy Statement for the Year 2009-10 announced.

RBI report lowers GDP forecast to 5.7%

RBI releases report on macroeconomic and monetary developments during 2008-09.

US card credit losses to reach $55.6 bn

US branded total card credit losses will peak at $55.6 billion in 2009, says TowerGroup.

RBI approves 4 credit information cos

Reserve Bank of India has given In-principle approval for setting up four credit information cos.

Indian banking shares gains 9.53%

BSE Bankex with 9.53% gains, lead the surge in Indian stock market, week ended April 17.

White paper on credit rating agencies

Standard and Poor's has published a white paper on credit rating agency business models.

Tech Mahindra wins bid for Satyam

Tech Mahindra gets 31 % stake in Satyam for US $351.4 million.

EC guidelines on covering of election

Indian Election Commission releases guidelines on covering of Loksabha election campaign.

SEBI allows FIIs to invest in IDRs

SEBI caps Mutual Fund exposure to Money Market and allows FIIs, funds to invest in IDRs.

19 Indian co-op banks go insolvent

19 cooperative banks in India go insolvent during 2008-09.

Better Branch/ATMs access to disabled

RBI advises banks to make branches/ATMs easily accessible to persons with disabilities.

Security concerns with mobile banking

Security, Privacy and Cost major barriers to adoption of mobile banking, says KPMG's US survey.

BSE Banking index surges by 4.62%

Bank shares were the gainers last week, in line with gains shown by the Indian stocks.

IAIS supports the G20 Declaration

IAIS strongly supports the G20 Declaration on strengthening the financial system.

RTGS to become more user friendly

RBI asks banks in India to make RTGS transactions more customer friendly.

FSF steps to boost financial systems

FSF issues recommendations and principles to boost global financial systems.

BSE Banking index ends in the red

Bank shares were the loosers last week, though other industry shares generally gained.

Reserve Bank of India completes 75 Years

Reserve Bank of India (RBI) completes 75 Years, celebrates its Platinum Jubilee Year.

FSF to be institutionally strengthened

London Summit declaration re-establish FSF as Financial Stability Board.

Inter-Bank usage of ATMs becomes free

Inter-Bank usage of ATMs becomes free in India from 1st April 2009.

Basel steps to strengthen banking sector

Basel Committee taking steps to strengthen global regulation of banking sector.

EU agrees on Solvency II framework

EU informally agrees on Solvency II framework for insurance firms.

Indian Financial Sector Broadly Robust

Indian Financial Sector Self Assessment Report finds System Broadly Robust.

Indian Banking share index gains 19.3%

BSE BANKEX gains on hopes of improved bank financials due to revised NPA norms.

Axis Bank to deploy fraud tracking ATMs

Axis Bank is installing 400 ATMs, equipped with technology to deter ATM frauds.

IMF implements lending policy improvements

IMF overhauls lending framework and create new Flexible Credit Line (FCL).

Banks asked to make higher provisions for NPAs

RBI asks banks to make higher provisions for non performing assets(NPAs).

Economic Stimulus Packages working for SMEs

Economic Stimulus Packages are easing liquidity for SMEs, says CII Survey.

Market reform key to Indian credit markets

Market reforms are key to unlocking India's credit markets potential.

Sebi proposes longer trading hours

SEBI seeks feedback from market participants on extension of market trading hours.