home > finance > finance review Finance review Banks see decline in credit growth 29 March 2007 Convenience cheques from Citibank 29 March 2007 Free phone connections for net users 29 March 2007 Only few banks to attain Y2K compliance 29 March 2007 RBI’s mid-year review of the monetary and credit policy 29 March 2007 Rupee touches all-time low 29 March 2007 Sikkim Bank gets moratorium 29 March 2007 Syndicate Bank to enter insurance sector 29 March 2007 United India too to invest in ''Infotech'' 29 March 2007 week beginning 1 November 1999 29 March 2007 P Chidambaram to address RBI board 05 March 2007 Give more operational freedom for banks, competition commission tells RBI 26 February 2007 RBI to pay interest on banks'' CRR 19 February 2007 RBI raises cash reserve ratio to 6.0 per cent 12 February 2007 RBI relaxes FII norms on forward contracts 05 February 2007 RBI takes repo rate to four-year high of 7.50 per cent 29 January 2007 Government to buy RBI stake in SBI on June 30 15 January 2007 CMIE pegs GDP growth estimate at 5.8% 08 January 2007 RBI eases project, service exports norms 08 January 2007 RBI allows 49 per cent FDI allowed in stock exchanges 18 December 2006 RBI regroups NBFCs into three 04 December 2006 RBI expects medium-term interest rates to remain low 20 November 2006 RBI doubles bank credit limit to Indian JVs, subsidiaries overseas 06 November 2006 RBI leaves reverse-repo rate unchanged 30 October 2006 RBI may revise norms for SEZ funding 23 October 2006 RBI asks banks to treat SEZs as real estate 18 September 2006 SEBI, RBI to discuss short-selling 14 August 2006 No surprises as RBI hikes rates by 25 basis points 24 July 2006 RBI squeezing money flows 17 July 2006 RBI surprises with interest rate hike 05 June 2006 RBI announces Monetary Policy for 2006-07; interest rates unchanged 17 April 2006 RBI surprises with 25 bps interest rate hike 23 January 2006 Money changers to follow KYC norms 28 November 2005 Call rates to ease further; bonds lacklustre 21 November 2005 Rupee falls; bonds decline 14 November 2005 RBI to raise Rs.2,500 crore under MSS 31 October 2005 Rupee ends flat - bond prices rise 24 October 2005 Rupee regains some ground - bonds rise 17 October 2005 RBI: T- Bill auctions 10 October 2005 Rupee firmes up 03 October 2005 Markets: A day of circuit filters 19 September 2005 Rupee strengthens further - gains 5 paise 05 September 2005 SEBI: SEs to open separate trading window for block deals 29 August 2005 Rupee dips further - securities move lower 22 August 2005 Govt stock sale oversubscribed 15 August 2005 RBI''s central board approves Rs.5,400-crore dividend to GoI 08 August 2005 RBI: 12 and 29 year papers to raise Rs.8,000 crore 01 August 2005 Two big funds coming to India 25 July 2005 Securities resale norms relaxed 18 July 2005 RBI holiday on July 1 27 June 2005 Inflation rate inches up to 4.33 per cent 20 June 2005 Rupee closes stronger - bonds move up 27 December 2004 IndusInd Bank plans to hike capital by Rs.130-150 crore 20 December 2004 RBI to issue new currency notes 13 December 2004 Inflation down to 7.3 percent 06 December 2004 `SEBI probe reveals no insider trading in GTB shares before merger'' 29 November 2004 AIBEA: Debar defaulters from holding public positions 22 November 2004 United Bank half yearly operating profit up at Rs336 crore 15 November 2004 SBI reviewing interest rates: Purwar 08 November 2004 SBI chairman sees upward pressure on interest rates 01 November 2004 Chidambaram: Foreign banks may acquire controlling stake in private banks 25 October 2004 Higher cut-off at 5.20 per cent for 91-day sale 18 October 2004 As G-Secs rally the rupee holds steady 11 October 2004 Canara Bank achieves full computerisation 04 October 2004 CRISIL upgrade for SAIL bonds 27 September 2004 National Advisory Council: Health insurance proposals for the poor 20 September 2004 RBI to deepen debt market 13 September 2004 RBI: Asks for scrutiny of Demand and Time Liabilities 06 September 2004 RBI allows banks to shift securities 30 August 2004 Award for Corporation Bank 23 August 2004 Allahabad Bank provides relief package for farmers 16 August 2004 RBI introduces overnight fixed rate repo from Aug 16 09 August 2004 Bank of Rajasthan goes live with RTGS 02 August 2004 CBI investigating RBI currency consignment shortfall 26 July 2004 States to raise Rs.8,600 crore loans 19 July 2004 LIC premium payments through the ECS 12 July 2004 Government withdraws three savings bond schemes 05 July 2004 ADB increase rural disbursements 28 June 2004 Lord Krishna Bank with Arabian Exchange Company tie up 21 June 2004 RBI: Ad hoc committees to get more time 14 June 2004 RBI allows banks to raise long-term bonds 07 June 2004 Foreign currency inflows slow down 31 May 2004 Andhra Bank ATMs to shutdown for eight hours 24 May 2004 PFRDA to start with six pension fund managers 17 May 2004 Debt market cautious 10 May 2004 HDFC to go for external borrowings 03 May 2004 Rupee in range 26 April 2004 RBI: No dividends fiesta from banks 19 April 2004 RBI cancels G-Sec auction 12 April 2004 Dhanalakshmi Bank officers protest mass transfers 05 April 2004 RBI: No ECBs for working capital 29 March 2004 RBI rationalises overseas borrowings of banks 22 March 2004 Inflation finally below 5 per cent 15 March 2004 Interest rates on small savings to remain unchanged 08 March 2004 L&T Holdings'' NCD programme upgraded 01 March 2004 BoB to reduce floating home loan rates 23 February 2004 New Holland Tractors, Oriental Bank in pact for finance schemes 16 February 2004 Godavari project bonds to be floated soon 09 February 2004 Moody''s raises Forex Ratings of Indian Banks, FIs 02 February 2004 SBI net profit increases 16% in Q3 26 January 2004 LIC may not set up PFM 19 January 2004 SIDBI announces VRS 12 January 2004 J&K Bank plans interim dividend 05 January 2004 J&K Bank lowers PLR to 11 per cent 29 December 2003 JNPT raises Rs 125 crore 22 December 2003 Syndicate Bank pays Rs 35-crore interim to Govt 15 December 2003 UTI Bank opens `highest'' ATM in Sikkim 08 December 2003 SBI may buy loan portfolios 01 December 2003 Amadeus joins hands with Cholamandalam Finance 24 November 2003 Karvy opens more branches in Andhra 17 November 2003 PNB Gilts seeks RBI nod for portfolio management 10 November 2003 Four pvt banks can accept indirect taxes 03 November 2003 Bank Of Baroda Q2 net profit up 89 per cent 27 October 2003 ING Vysya to foray into pension market 20 October 2003 UTI Bank net up 45 pc on retail growth in Q2 13 October 2003 IL&FS Investsmart to scale up PMS 06 October 2003 RBI project for cheque clearance truncation 29 September 2003 Bankers will convene meet on Basel II agenda 22 September 2003 Dealers says genuine dollar inflow will continue 15 September 2003 ING Vysya Bank to raise Rs 200 crore via bonds 08 September 2003 SBI seeks local loans for RIB redemption 01 September 2003 Forward cover must for FCNR loans 25 August 2003 HDFC to open office in Erode 18 August 2003 Brokers to move court over IRDA move on lowering fees 11 August 2003 HDFC Bank, NIC join hands 04 August 2003 Varishtha Pension plan - Jaswant wants better response from rural areas 28 July 2003 South Indian Bank bond issue fully subscribed 21 July 2003 IRDA reverses earlier order on insurance brokerage 14 July 2003 SBI forms RIB redemption cell to repay investors 07 July 2003 Dena Bank plans more tie-ups for ATM sharing 30 June 2003 State co-op bank plans Rs 400-cr loan disbursal 23 June 2003 Strong rupee: FIEO seeks RBI action 16 June 2003 IFC likely to pick IMGC stake 09 June 2003 No repo rate cut now, says RBI 02 June 2003 ICICI Bank to set up 65 new branches this year - To relocate unviable ones 26 May 2003 IOB net at Rs 416 crore 19 May 2003 OM Kotak to focus new policy only in 6 cities 12 May 2003 Canbank MF declares interim 05 May 2003 Bancassurance to boost Bajaj Allianz retail sector 28 April 2003 Sicom Plans Fresh Hiring Under Restructuring Plan 21 April 2003 UTI Bank bites into food credit pie 14 April 2003 ICICI Bank to open 8 new branches, 35 ATMs in Gujarat 07 April 2003 Guidance note on securitisation accounting is good move: Crisil 31 March 2003 World Bank cuts global growth outlook; sees US recession risk 24 March 2003 PNB to acquire 26 per cent in IFCI ARC for Rs 1.3 cr 17 March 2003 Reinsurance turns a tough pitch 10 March 2003 Moody’s ups ICICI Bank forex bond ratings 03 March 2003 Private players will miss mass pensions action 24 February 2003 Uco Bank IPO hinges on achieving car by fiscal-end, performance 17 February 2003 RBI lifts ceiling on EEFC funds for trade-related loans 10 February 2003 Return on main income of 33 banks rises to 13.5 per cent in third quarter 03 February 2003 UTI runs up negative reserves of Rs 7,360 cr 27 January 2003 Bank Of Rajasthan to sell LIC MF units 20 January 2003 Citi sets up e-platform for HR functions 13 January 2003 First signs of recovery are here, says Sinor 06 January 2003 Union Bank''s profit up 77.4% 28 January 2002 week beginning 21 Jan 2002 21 January 2002 week beginning 14 Jan 2002 14 January 2002 week beginning 07 Jan 2002 07 January 2002 week beginning 31 Dec 2001 31 December 2001 HFCL arm acquires 28.5 pc in AB Corp 24 December 2001 $200 m insurance compensation claimed for DPC 17 December 2001 Deutsche Corp among 15 FDI proposals cleared 10 December 2001 week beginning 03 Dec 2001 03 December 2001 AAA rating for Grasim Industries NCDs 26 November 2001 RBI plans 20-yr bonds 19 November 2001 India''s external debt crosses $100-b mark 05 November 2001 Fiscal deficit up 34 per cent in H1 29 October 2001 Govt funds to revitalize co-op banks 22 October 2001 Hands-on policy for FIs 15 October 2001 10% surcharge on fire, marine, engg insurance 24 September 2001 Oil imports may cost Rs 75,000cr 17 September 2001 Rupee continues to fall against dollar 10 September 2001 LIC''s premium payments through net soon 03 September 2001 FM may relax valuation of perks 27 August 2001 RBI clears way for 3-tier corporate debt revamp plan 20 August 2001 100 percent FDI in realty soon 13 August 2001 S&P cuts India currency rating to negative 06 August 2001 RBI for capital infusion in IFCI 30 July 2001 Bima Nivesh will now give lower returns 23 July 2001 Saraswat Bank in alliance talks 16 July 2001 Recession brings boom to rating agencies 09 July 2001 Three US firms interested in DPC says IDBI 02 July 2001 Montek Singh’s strategy to achieve 8 per cent growth 25 June 2001 Steps may be on to convert Mumbai into an offshore banking base 18 June 2001 DPC lenders to resume talks today in Singapore 11 June 2001 Moody’s considers upgrading India outlook 11 June 2001 Investment bankers in soup as business faces downturn 28 May 2001 Analysts say MSCI India weightage cut will have little impact 21 May 2001 ICAI prescribes norm for determination of profit or loss 14 May 2001 New RBI norms force foreign banks to cut assets 07 May 2001 Capital gains restored for unlisted company ESOPs 30 April 2001 UTI to be corporatised, delinked from RBI 23 April 2001 RBI bans deals as more banks report failure 16 April 2001 Rupee falls to new low 09 April 2001 GTB merger with UTI Bank off 02 April 2001 Madhavapura Bank may be liquidated 26 March 2001 RBI concern forces ICICI to merge three subsidiaries 19 March 2001 Film producers may get finance from IDBI 12 March 2001 Centurion Bank to offer net banking 05 March 2001 RBI cuts interest rates 26 February 2001 Dr. Bimal Jalan: Economy set to grow beyond 6 per cent 19 February 2001 FII funds too banned in print media 12 February 2001 CII pegs 9 percent growth target in financial sector 05 February 2001 Two percent surcharge on income tax and corporate tax 29 January 2001 Bank of Punjab & Nova Scotia Bank in alliance 22 January 2001 Indian Bank to distribute HDFC insurance policies 15 January 2001 Shome panel seeks doing away with surcharge on corporate taxes 01 January 2001 RBI outlines policy for universal banking 25 December 2000 RBI to extend deadline for reducing bank promoters'' stake 18 December 2000 Investor protection fund to be set up soon 11 December 2000 ICRA pegs GDP growth at 6.5 per cent 04 December 2000 McKinsey to consider investments in telecom sector in India, HK 27 November 2000 HDFC Bank picks up new instrument issued by GE Capital 20 November 2000 Citibank pips others to the post: IMD mop-up 13 November 2000 IMD grosses more than $4.5 billion 06 November 2000 New credit information bureau being planned 30 October 2000 HDFC Standard to concentrate on quality not price 23 October 2000 Citibank launches CitiAlert 16 October 2000 RIL, ICICI, HDFC frontrunners to get first insurance licences 09 October 2000 Citigroup gets Rubin to lead high power team to India 02 October 2000 ICICI may stun markets - reverse merger with ICICI Bank 25 September 2000 India gets housing loan assistance from ADB 18 September 2000 Chase Manhattan may acquire JP Morgan for $30 billion 11 September 2000 RBI allows top NBFCs to become banks 04 September 2000 ICAI to tighten disclosure norms 28 August 2000 Government to cap foreign stake in privatisation 21 August 2000 Stanchart to begin integration with Grindlays 24 July 2000 General Insurance revamp put off 17 July 2000 Zee’s Subhash Chandra invests additional $42.5 million in ICO-Teledesic 10 July 2000 Stanchart-Grindlays merger encounters new twist 03 July 2000 Government may announce new FDI policy for retail sector 26 June 2000 Supreme court drives last nail in leasing industry’s coffin 12 June 2000 Rupee settles down after intra-day high, as RBI talks tough 05 June 2000 Re loses further ground, closes at 44.62/63 29 May 2000 Management recast likely in IndusInd bank 22 May 2000 Hinduja Finance will merge two firms 15 May 2000 Standard Chartered said to be planning a series of strategic alliances in India 08 May 2000 HSBC to launch a range of products & services 01 May 2000 Standard Chartered leapfrogs into big league with Grindlays acquisition 24 April 2000 India may repay $1 billion of World Bank loans 17 April 2000 IDBI to retire high cost debt 10 April 2000 LIC Housing and PNB Housing cut rates 03 April 2000 Trai defers further rounds of tariff cut 27 March 2000 Finally, reforms in power allocation? 20 March 2000 Insurance entry norms for banks eased 13 March 2000 Banks can invest half their capital in insurance 06 March 2000 Cellular numbers crossed 1.5 million in 1999 28 February 2000 GTB launching plastic money, e-commerce 21 February 2000 Money supply up 16% 14 February 2000 Insurance rules for banks in 6 months: Jalan 07 February 2000 Sinha hints at tough budget 31 January 2000 State Bank of Mysore plans bond issue 24 January 2000 SREI plans equipment bank 17 January 2000 SHCIL waives ceiling on free custodial service 10 January 2000 RBI fixes cut-off price for 2014 security 03 January 2000 week beginning 27 December 1999 27 December 1999 Govt crosses overdraft limit 20 December 1999 Indian Bank plans selling subsidiaries 13 December 1999 RBI sets up Y2K centres 06 December 1999 RBI eases paperwork for private banks 29 November 1999 Forex reserves at new high 22 November 1999 SBI launches gold deposit scheme 15 November 1999 Taib Bank to introduce NSE online trading 08 November 1999 UTI Bank, Citibank launch card 04 October 1999 SBI in major revamp 27 September 1999 IDBI to give Rs 200 crore loan to GSPC 20 September 1999 Citicorp net banking solution for HDFC Bank 13 September 1999 RBI denies NBFC licence 06 September 1999 01 January 1900 01 January 1900 01 January 1900 01 January 1900 01 January 1900 01 January 1900 01 January 1900 01 January 1900 01 January 1900