Banknet's 6th International Bank Tech Summit-24th September 2010, Mumbai will focus on ‘New Technologies’ like Green Technologies, Cloud Computing, Social Media Technologies in addition to Risk Management, Compliance, Business Intelligence, Data Mining, CRM, Security, Financial Frauds etc.... click here


  Special Publication on "Technology In Insurance Sector" with 8 papers & 2 case studies now available at... Click here

  SPECIAL OFFER- Free, additional 6 month listing in the Directory of IT-ITES Cos... Read more

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George Soros has bought 4% stake in Bombay Stock Exchange (BSE) for about $35 million (Rs 160 crore). Soros’ Quantum hedge fund bought the stake from Dubai Financial, a part of state-run Dubai Holdings, for an estimated Rs 380 per share, according to reports. This deal of 10.4 crore shares at Rs 380 per share values BSE at over $800 million.

Asian Development Bank (ADB) will provide a loan of US $ 222.2 million under the Rural Roads Sector II Investment Programme. Around 2443 km of roads will be taken up for construction and upgrading in Madhya Pradesh, 1509 km in Orissa, 443 km in West Bengal and 312 km in Chattisgarh, under the programme.

Indian services sector witnesses two-year high growth in June 2010 led by an increase in business expectations and new orders. According to the HSBC Markit Business Activity Index, based on a survey of 400 firms, the service sector rose to 64.0 in June 2010 from 58.2 in May 2010, pointing to a substantial rate of growth as a figure above 50 indicates expansion. All the 6 sub-sectors covered by the survey recorded growth in new business ventures since May 2010, with postal services and telecommunications registering the fastest expansion.

Corporate India has raised funds of US$ 12.4 billion in Jan-June 2010 through equity issuances and syndicated loans, an increase of more than three-fold. This is according to Bloomberg's India Capital Markets League Tables for the first six months of 2010. The domestic debt offerings grew by 51 per cent year-on-year. Axis Bank maintained its top rank in terms of market share as an underwriter and ICICI Bank was at the second slot. Citi continued to be the top lead manager followed by Kotak Mahindra Capital and UBS in the equity space.

Swiss Re’s latest “World insurance in 2009” sigma study reveals slight premium dip but improved capital...Read more

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Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will travel to New Delhi and Mumbai, India, during May 13-14, 2010. In New Delhi Mr Strauss-Kahn will meet with the top officials of the Indian government to exchange views on global and regional economic conditions and policies. In Mumbai on May 14, the Managing Director will meet with top officials of the Reserve Bank of India (RBI) as well as representatives from the private sector and media. He will also give remarks at an event hosted by RBI.

Bank of India recently priced US$ 500 million 5.5 year Reg S bond transaction under its existing MTN programme. The Bankers had visited key fixed income investors in Singapore, Hong Kong and London in February 2010, but held back launching the transaction for some time on account of unfavorable market conditions. On launch, the coupon of the bond was fixed at 4.75% and Bank of India swapped the bonds into floating at a very competitive rate of LIBOR + 175 bps. The book size was robust with over US$ 4 Billion in orders spread over 300 quality investors drawn from well diversified geography and and investor class.

Strong rebound in the second half of FY10 drives Indian growth rate upwards .... click here

Max Bupa Health Insurance Company is 23rd general insurer registered in India .... click here

Government amends norms for issue of Foreign Currency Convertible Bonds (FCCBs) .... click here

National policies alone cannot prevent a crisis, concludes RBI Conference .... click here

RBI introduces new category of NBFCs as Infrastructure Finance Companies (IFCs) .... click here

RBI eases External Commercial Borrowings (ECB) norms, gives more power to banks .... click here

Indian IT - BPO Industry exports touches USD 50 billion landmark-Nasscom .... click here

Bank of India issues Upper Tier II Bonds for Rs.1000 Crores. Earlier during the year, the Bank had issued Upper Tier-II Bonds for Rs.1000 Crores and IPDIs of Rs.325 Crores. The bonds carried coupon of 8.54% p.a. with a call option to the Bank at the end of 10 years and in case the call option is not exercised, the coupon will be increased by 50 bps. The issue has been rated ‘AAA/Stable’ by CRISIL rating agency and CARE ‘AAA’ by CARE Ratings Limited. The issue was opened on 20th January, 2010 and was closed on the same day.

Central bank of India, a leading public sector bank, today raised Rs.500 crores to further strengthen their CRAR through issuance of Upper Tier II Bonds at a coupon of 8.63%. Issue closed on January 15, 2010. The issue is rated LAA by ICRA and CAREAA by CARE.



Bank credit to MSMEs increases by 26% to Rs.1,91,307 crore as on 31st March 2009 .... click here

RBI tightens priority sector bank lending norms to Housing Finance Companies (HFCs) .... click here

National Literacy Mission Authority (NLMA) signs MoU with four Indian banks .... click here

Form Sovereign Fund to arrest volatility in capital market, proposes Assocham .... click here

RBI tightens some External Commercial Borrowings (ECB) norms for companies-December 2009 .... click here

Indian Govt to divest equity & list profit making CPSUs .... click here

Bank NPA’s up by 26% in the second quarter of FY 2010 .... click here

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

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

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

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



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

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

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

Indian Govt. to form a JV company “Invest India” for promotion of Foreign Investment .... click here

SEBI caps MF Exposure to Money Market & allows FIIs, funds to invest in IDRs .... click here

SEBI seeks feedback on extending market trading hours .... click here



SEBI introduces revised norms to regulate markets.... click here

SEBI makes it mandatory to disclose details of shares pledged by the promoters.... click here

Sebi panel to review auditors' reports of NSE-Nifty 50 and BSE Sensex companies.... click here

JPMorgan Chase to raise US $10 billion capital & has priced its common stock at $40.50 per share...Read more

Massive upheaval on wall street will have major impact on investment management business ,says TowerGroup...Read more

Mitsubishi UFJ Financial Group (MUFG) to invest US$9 billion in Morgan Stanley...Read more

Citigroup to buy Wachovia's retail bank, corporate and investment bank businesses...Read more

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