Reserve Bank of India has fixed the interest rates on NRE deposits by
capping it at 250 bp(2.50 per cent) above the London Inter Bank Offer
Rate (LIBOR)/SWAP rates for corresponding maturity for one to three
years. The new rates will be effective from July 17 and will be
applicable to fresh deposits and deposits renewed after their present
maturity. The rates on Foreign Currency Non-Resident deposit,
however, remains unchanged at 25 basis points minus LIBOR/SWAP of the
corresponding maturity. NRE deposits received during the month will
be offered a rate at 250 basis points over the Libor ruling at the
end of previous month.

Earlier, the banks had the discretion to charge the interest rates
which had resulted in some banks offering very high rates to attract
NRI deposits. Most commercial banks used to offer 5 per cent interest
on NRE term deposits in the 1-3 year tenor and around 5.25 per cent
for deposits over three years. However with the cap, the banks could
pay only 3.70 per cent for deposits in the 1-3 year maturity.

Source: Banknet India's "Handbook for NRIs, PIOs & OCBs", edited by
Senior Bankers, is invaluable reference tool and ready reckoner for
the Non Resident community (NRIs/PIOs/OCBs)
Click here for more details:
http://www.banknetindia.com/books/handbook.htm

Hi all,

I am a student of MBA at IIT-Roorkee and am currently pursuing a study of smart
cards and applications desired by the urban consumers along with their
credit/debit facilities in their respective cards.

For the same, I have developed a very small one page questionnaire of 8
questions which is needed to be filled online.I am doing a survey of the whole
nation's urban consumer.

I'll be grateful if you please take out 2 minutes from your busy schedules and
fill my form. Obviously without your support and guidance, my analysis would be
incomplete. Please forward the link of the form to your friends and colleagues
also.

Link of the form is :
www.geocities.com/iitr_vinayak/index.htm

This project is of utmost importance to me as it carries a considerable
weightage in my next semester. I hope I'll get whatever help needed.

Thanking you all in anticipation.

Regards

Vinayak Arora
Department of Management Studies
Indian Institute of Technology-Roorkee.




---------------------------------
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[Non-text portions of this message have been removed]

Hello Everybody....
    I am Raghavendra working as a software programmer in an Finland
based company in Mysore. We are currently in a process of developing a
eCommerse site where trading(Buying and selling is done) via credit cards.

   Can any one please get me more information('s) REGARDING HOW
INTERNATIONAL CREDIT CARD TRADES ARE DONE? (Step-by-Step)

   Please do let me know as soon as possible.


Thanking you

Raghavendra

We are pleased to advise that Banknet India is bringing out Report on
Financial BPO 2003, which will also include the White Paper on
Financial BPO Survey 2003* and will be India's first reference report
on Business Process Outsourcing in the Financial Sector.

Listing in the Report on Financial BPO 2003, will provide the BPO
companies & consulting firms, the most focused means of building up
visibility in the Banking, Finance & Insurance & Technology Industry
worldwide. Report will reach a specified target audience in the BFSI
& technology industry including major investment banks & consultants
focused on BPO. It will be available in both hardcopy & softcopy (PDF
format) and will also be marketed worldwide by Top banking &
technology portals from Europe & Asean etc.

Around 600 copies of the Report are earmarked for free distribution.
It will also be send free to CEO/Chairman of 110 Banking Institutes
in 88 countries. Banknet India will also distribute/market the report
at the forthcoming major Conferences, Seminars & Exhibitions related
to banking, finance, insurance & technology including FICCI's global
conferences on Banking & Insurance.

Kindly note that bookings close on the 10th July 2003. You can
contact us at associate@... for more details

More details available at:
http://www.banknetindia.com/books/surveybpo.htm


Regards,

Banknet India

PS: *35 Companies, which have participated in Banknet India's
Financial BPO Survey 2003 include: WNS, Daksh eServices, EXL
Services, HCL Technologies, GTL Ltd, MsourcE, ICICI OneSource, First
Ring, Progeon, NeoIT, Intelenet, Optimus, i-flex solutions, Infowavz,
Intellvisions, TransWorks, e-serve Int, India Life Hewitt,
Crossdomain, i-Seva Systems, Allsec Technologies, Aptech, Karvy
Consultants, Onward Technologies, Amex Information, Kshema
Technologies, Lipi Data, Kale Consultants, Zenith Software, etc

Dear Friends

Hi

I am a research scholar at Indian Institute of Management Calcutta. I am
conducting an academic study of "Knowledge Sharing Behavior in Organizations"
using email based survey questionnaire. Around 1000 responses are required. I
desperately need your responses to the questionnaire. I request you to kindly
click at the following website for filling up the survey questionnaire. It
should take around 15 minutes of your precious time.

http://www.geocities.com/saraswat_manish/iq.html

Thanks a lot. Your response is very important to me.


Regards
Manish Kumar
Research Scholar/MIS
IIM Calcutta


[Non-text portions of this message have been removed]

As regulations are changing almost everyday, one always has a doubt
as to the authenticity of the information as well its applicability
at the time of use. The information available in various places
regarding NRIs is generally found to be contradictory, as it has not
been updated.

In view of longstanding demand from non resident members, Banknet
India has launched "Investments & Deposits in India-A Handbook for
NRIs, PIOs & OCBs". This handbook edited by Senior Bankers, including
those who have worked in the Reserve Bank of India &; Treasury of
Banks, provides updated & authentic information at one place.
Further, the subscribers of the handbook will get free updates for 3
months. This will ensure that subscribers will not have to worry
about the authenticity or applicability of the regulations. The Non
Resident community (NRIs/PIOs/OCBs) will find this an invaluable
reference tool and ready reckoner.

This Handbook is divided in 6 Chapters has 32 subsections &; 2
annexures. Handbook provides various definitions, detailed note on
all the different types of accounts including rules regarding
repatriation; detailed account of all the Investment options
available to the NRIs both on repatriation and non repatriation
basis. Foreign direct investment both under the Automatic Route as
well as Foreign Technical collaborations, issue related to ADRs /
GDRs, Portfolio Investments, Acquisition of immovable property,
various type of loans, facilities for insurance, education, visa
rules, Tax concessions etc. Handbook also covers the facilities
available to returning Indians, Arbitrage opportunities, Internet
Banking &; about PIO Cards.

Under Arbitrage Opportunities, it also guides Non residents to earn
4.5% Return on USD Deposits, 5.7% Return on GBP Deposits, 4.6% Return
on EURO Deposits

For more details click at:
http://www.banknetindia.com/books/handbook.htm

The objective of this "Financial BPO survey 2003" is to
identify the major players in the BPO (ITES) sector providing
services to Banking, Finance & Insurance (BFSI) Sector & find the
operational areas, where BFSI sector is looking for outsourcing the
services.Click here for details & list of 30+ Major BPO Companies who
have already participated in the survey-
http://www.banknetindia.com/books/surveybpo.htm

Companies participating in the Survey will be provided with a free
copy of White Paper on the findings of the survey along-with a
mention in the report. This Survey closes on the 12th May 2003. If
you are interested in participating in Financial BPO Survey, mail us
immediately with your contact details at "associate@..."

Dear Member

We invite you to join State Bank Alumni Group. This group is for
those who have worked at some stage of their career in State Bank of
India, State Bank Associate Banks & other Group Subsidiaries.

Our objective is to help reconnect & re-unite all the ex-State Bank
Group bankers by facilitating communication. State Bank Alumni will
provide the platform to you for new business opportunities,
networking, market intelligence and career enhancements. You can
communicate reunions, exchange photos & files, post messages, chat
and catch up on the old times & get invited to alumni get-togethers &
conferences at major cities.

Click here visit the Group & Join
http://groups.yahoo.com/group/statebankalumni


Regards,

Banknet India

FREE Online Newsletter with round-up of banking, finance, insurance &
technology at:
http://www.banknetindia.com/html/freereg.htm

On occasion of our 3rd Anniversary, we invite you to participate in
the following first of it's kind online surveys & get free survey
reports:

1.Survey of the Websites of Banks operating in India

In another first, Banknet India has undertaken Ranking of Websites of
the Banks operating in India. However to find general trends in the
matter, we would like to have feedback from the users on what they
look for in these Web-sites. (It covers Websites all Public sector,
Private sector, Cooperative & Foreign Banks)

We invite all of you to provide your feedback on the online
questionnaire, click here...
http://www.banknetindia.com/wsurvey.htm


2. Career in Banking Industry

How to enter Banking Industry & make it to the Top? For Insights into
needs of Banking industry and skills you require to enter & make it
to the top, Banknet India has undertaken first of it's kind survey on
some of the core issues.

We invite bankers, ex-bankers & recruiters specialising in banking to
share their views on the online questionnaire, click here...
http://www.banknetindia.com/bsurvey.htm


In view of large number of responses, we plan to close these surveys
by the 15th January 2002. So hurry to get free survey reports.

Regards,

BanknetIndia.com

PS: Discounts of up to 60% on exclusive publications on banking,
insurance & technology: http://www.banknetindia.com/books/list.htm

Hi,
I am Karthik from India and we are planning to start a financial
website.I need advice about it from financial consultants.Please help.

Thanks.

We are pleased to advise that www.banknetindia.com has announced
SPECIAL FESTIVAL DISCOUNTS (for limited period). You can make online
payments for books/services in real time through credit cards (both
Indian & International) & your net-banking accounts, in addition to
paying through drafts.

(A) ONLINE BOOK STORE

1.White Paper on Banking Systems available at 30% discount..

2.Reference Guide on Banking & Technology Industry available at +20%
discount..

3.Round up of Banking, Finance & Insurance Industry available at 20%
discount..

4.Directory of Top 50 Employers available at 20% discount

5.Banknet Special available at 60% discount..

http://www.banknetindia.com/books/list.htm

(B) JOB ALERT MAIL:

To stay ahead, you need to know all the possible opportunities in the
job market. Job Alert Mail provides you timely news of job openings
in your mail box directly. Job alert mail available at 20% discount
with "Free Directory of Top 50 Employers"  ..

http://www.banknetindia.com/jobs/jregintro.htm

We are glad to announce launch of online "Directory of IT Companies"-
focused on Banking, finance & insurance industry. The objective of
launching this directory is to provide information of  large number
of IT/Software Companies on www.banknetindia.com, India's Top Banking
Technology Portal. Click to visit "Directory of IT Companies":
http://www.banknetindia.com/banking/itlist.htm

Dear Member,

We are pleased to announce launch of  "Banknet Book Store".
You can
now make online payments for books in real time through credit cards
(both Indian & International) & your net-banking accounts, in
addition to buying books through cash & drafts.

Cards accepted are MasterCard, Visa, American Express, Diners Club
International, Citibank e-Cards, JCB Cards. Payments can also be made
through net-banking accounts of Citibank, Centurion Bank, HDFC Bank,
ICICI Bank, IDBI Bank, UTI Bank.

"Banknet Book Store" will regularly add quality books,
publications
from other publishers & authors in the areas of banking, finance,
management & technology. Banknet India also invites senior
professionals to contact us for publishing books in the above areas.

Click here to visit the "Banknet Book Store":
http://www.banknetindia.com/books/list.htm

Regards,

Banknet India
Ps: If you are a senior IT Professional then get a free summary of
""Banknet India- Report on Banking & Technology Industry in
China" by
participating in our "IT Destinations Survey 2002-03 " at:
http://www.banknetindia.com/books/survey2.htm

Dear Sir,

We are glad to advice release of "Banknet Directory 2002-03" & "White
Paper on Banking Systems". Our "White Paper on Banking Systems" was
released at  National IT Conference for Banks, Financial Services,
and Insurance Industry (IT@BFSI 2002) organised by the Nasscom & IBA
(Indian Banks' Association) on 26th July 2002 at Mumbai.We are sure
that Banknet Directory & White Paper will be of great value to you.

Limited copies of White paper are now available  to only  subscribers
of Banknet Directory. However, as a special offer, we are giving
White paper free with Banknet Directory if you book Banknet Directory
before 15th August.

Click here to read about Banknet Directory 2002-03 & White Paper on
Banking Systems:
http://www.banknetindia.com/books/list.htm

Click here to get Free White Paper with Banknet Directory:
http://www.banknetindia.com/books/order1.htm

Books can also be collected against cash from our Publications
division, 307, Filmcity house, Raut lane, near ISKCON, Juhu, Mumbai
on weekdays between 10 AM to 5 PM.

Regards,

Banknet India
PS: Banknet Directory, first publication of it's kind is a reference
guide for banks & IT Cos & industry professionals for their banking
technology related information. The directory also assists in finding
the best potential available for Joint Ventures, Strategic alliances,
Marketing Alliances, Joint Product Development etc in Banking
Technology Industry. Divided in 5 parts, it has listing of major IT
Companies, complete directory of all banks in India, IT act, Internet
Banking guidelines, Developments in Banking & Technology & IT related
Security Issues in Indian banks etc.




www.banknetindia.com    building bridges between banking & IT industry

Dear Member,

We are pleased to advise release of 2nd Edition of our Year Book.Our
First edition got very good response from professionals, premier
research, training, management institutes , banks & major
consultancies.

"BANKNET YEAR BOOK 2001-02" is not only useful for the professionals
from the banking, finance, insurance IT industry but also a good
reference book, for chartered accountants/NRIs, corporates, students,
academicians, consultants etc.

Banknet-Year Book includes Banking & Finance News, Bank Results,
Policy News, Major Market Deals & News, Major Banking Products,
Global News, Insurance News, Major Insurance Products, Directory of
Insurance Cos ,Indian Newsmakers & Banking Abbreviations.

"SPECIAL OFFER FOR NEXT 50 BOOKINGS"
1.FIRST EDITION OF YEAR BOOK 2000-01 WORTH RS 250 IN ONLY RS 100
2.10% DISCOUNT ON BUYING 2 OR MORE COPIES.
3.FREE HOME DELIVERY IN INDIA.

For more details/booking click here
http://www.banknetindia.com/books/special.htm

Kindly note that Banknet Year Book 2001-02 is a limited copy
exclusive edition & is available only at www.banknetindia.com. This
book is not available for sale elsewhere.

Regards,

Banknet India

Hello,

I'm a new member of this group and I'm in need of
assistance.  I'm looking for a source of bookmarks for
the global banking industry.  Can anyone recommend a
few sites?  The only source which I found is at
Competia Express (www.competia.com/express).
It is a good source and  I found an article dealing
with the banking industry on website's magazine.  If
anyone is interested in reading the article, you can
take advantage of the 30 day free trial to access the
magazine at (www.competia.com/magazine).

Thank you advance,

Avi Stein
Calgary, AB. Canada
PS.  My apologizes for cross posting.


______________________________________________________________________
Games, Movies, Music & Sports! http://entertainment.yahoo.ca

I think it would be a good idea to cross merge all the seven
associate banks of SBI, delinking from it and make a separate big
entity. By this the new bank will have autonomy in taking decisions
and will have widespread network across India. It would be second
largest bank after SBI which will have good network in North India
and South India. In the present banking scenario it would be
difficult for small banks to survive in the industry. Big banks only
will survive and serve the customers in a better way in all aspects.
Because they will have widespread network across the country.

This move will also reduce the number of Nationalised Banks as
recommened by Narsimham Committee.

It is the right time for the government to think in this direction.
Because now all the banks are undertaking major computerisation work
of their branches. Once all the branches are computerised it will be
a time consuming process and difficult also to integrate the
different softwares used in different banks. Please let me know your
opinions in this regard.

DO NOT MISS THE OPPORTUNITY TO BE FEATURED/LISTED IN THE ONLY
REFERENCE GUIDE FOR BANKERS ON IT COMPANIES/INDUSTRIES . BOOKING
DEADLINE IS 22ND APRIL 2002. Pl contact at info@...

Banknet Directory, a reference guide to IT solution providers &
Banking Industry will have listing of major IT solution providers
focused on Banking & Finance Industry. Divided in Five parts, Banknet
Directory will have write-ups, important policies & complete
directory of Banks.

Banknet-Directory 2002-03 is the first publication of it's kind. The
objective of this publication is to increase awareness about IT
solution providers & their products in the banking & finance
Industry. Banknet India has decided to bring out this publication on
yearly basis & position it as a reference guide for bankers for their
technology related requirements. To make this possible large number
of copies of the Directory are earmarked for free distribution in
Banks.

This Directory will be made available for distribution and for sale
through various channels, both national & international.This
directory will also be given wide publicity & sold online by
Banknetindia.com & Bobsguide.com. Banknet Directory 2002, will
provide the most cost effective & focused means of building up the
visibility in the Banking, Finance & IT Industry worldwide.

For more details visit at:

http://www.banknetindia.com/books/directory.htm

Hi All,

I am looking for details on the CRM solutions for small-medium banks and
co-operative banks. Particularly I am interested in:

1. Available CRM solutions in this segment.
2. Any statistics available in terms of implementation.
3. What exactly these banks expect from CRM solutions.

I shall be great to have your opinion and am open to share my findings with
anybody.

Thanks and  Regards
Vikas Jain

We invite you to join our Bankers Group & re-establish contact with
the past and present colleagues from banking industry worldwide. This
group will be an effective means to Find & reunite with old
colleagues.

This Group will help you to network with your colleagues
worldwide.You can communicate, exchange photos, post messages or
catch up on old times.

Ex-Bankers are also encouraged to join this group & keep in touch
with their colleagues from banking days. Click here

http://groups.yahoo.com/group/bankersdotcom/

Hi ! All,

I am doing a research on the banking sector world wide in terms of
techology initiatives. Would like to know if there are any CEOs, CIO
or people involved with a banks e-business a part of this forum.

Pls do write back if you are any of these and can help.

Thanks
Shakun

www.banknetindia.com has launched exclusive section on "Cooperative
banking in India" in view of long standing demand of our members.

This ONLY exclusive online section on cooperative Banking includes
overview, categories of Cooperative Banking, features of Cooperative
Banks, issues, IT & Cooperative banks, RBI policies. It also provides
for discussion forum, news, links directory, cooperative bank
profiles etc.

To visit this section click here

http://www.banknetindia.com/banking/cintro.htm


PS:

To join largest virtual community of professionals click here:

http://www.banknetindia.com/html/freereg.htm

Would anybody on this forum be aware of step-up loans.


Are these kind of structured loans issued in India?

Would anyone in the field of asset-laibility
managementbe aware of their amortization schedules and
the income accrual methods applicable?

It would also be helpful if the different types of
step-up loans are described (adjustable, fixed, etc.)

Thanks.
McL

__________________________________________________
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Dear Sir/Madam,

My name is George Arakadakis and I am currently studying at the
University of Derby in the UK for the MSc E-commerce course.

At this time I am working on my masters dissertation.

The title of my dissertation is :
     The evolution of e-banking: A study on the adoption, marketing
communication techniques and future of online banking.

Below you can find a link to my questionnaire for Online
banking.Could you please answer this questionnaire which applies to
Users but also Non users of Online Banking. Please read the
instructions carefully.

http://www.geocities.com/arakadakis/usersNonusers.htm


Thank you very much in advance for your cooperation. If you have any
inquires please do not hesitate to contact me.


With regards
George Arakadakis

HI

This article will help all of us networking.

RAGHAV
Moderator
hrinindia@yahoogroups.com - a forum for HR professionals in India

work: 080-5581302
home: 080-5489458

------------------------------------

Networking timeline
Making new contacts

The important elements of networking can be summed up in four simple
steps:

    1. Contact the person
    2. Follow up after your meeting
    3. Take the suggested action steps
    4. Follow up with the contact regularly

The name of the game in networking is regular and consistent follow up
. If the contact welcomes the initial networking meeting and it goes
well, they will want to hear about your progress. Remember that
networking is a give and take process, offer any contacts you have and
back up this offer with action.

Why Network?
Networking is a powerful way of building professional relationships.
It is a process of actively fostering contacts and creating ways to
disseminate information.

Networking Fears
Many people hesitate to contact others for fear of imposing or asking
for help. The reality: Most people are happy to do something for
someone else, if asked. The mistakes most candidates make is not
preparing sufficiently for each meeting.

Beware Common Networking Errors
Problems occur when a job-seeker only goes through the motions of
contacting others. It is not enough to just meet someone and conduct a
15-minute interview or ask others for a leads or to pass along their
resume. Whether you are approaching a colleague, a friend, a family
member or stranger, how you present your purpose will make the
difference between a satisfying or unsatisfying experience. Come prepared.

There are two basic goals to networking:

    1. Greater visibility
    2. Increased information

Don't Forget
Thank the contact and make plans to meet again. Keep the contact aware
of your future career moves and ask about their plans. This process of
nurturing contacts will sustain and enhance your career.

Can Banknet India  also provide market information about Banking
software companies in other countries. If yes whom & how to contact
in Banknet India . Thanks!!!

We assist our associate banking software companies in increasing
visibility of their products in banking/finance community & banks and
in getting business leads both online & offline. Products are
recommended to banks if they fit in their specific requirements. We
also send our associate IT companies regular mailers advising them
about business opportunities in the banking industry.

IN BRIEF OUR SERVICES FOR ASSOCIATE COMPANIES ARE: (for details
contact us):

1.Brand Building & Product promotion - online & offline.

2.Product presentations to group of bankers CLICK HERE

3.Product potentialities assessement sessions

4.Creating Bridges between Banks and Software Cos for business
opportunities.

5.Identifying Prospects for Product and Investments in the Banking IT
Sector.

6.Scouting for Partners.

7.Industry Watch and Market Analysis.

8.Assistance in Human Resource outsourcing & Trainings.

9.Provide Consultancy on Project related issues.

10. Assisting Indian IT company's to enter international markets.


Click here to know more:

http://www.banknetindia.com/banking/bservices.htm

OR contact us at
associate@...

Today banking software companies have become an alternative career
for bankers. But generally it is seen that the bankers are not able
to move up on to the top positions in IT companies. Will like to know
views of members on the suitability of joining IT companies as domain
expert.

Banknet India, assists Indian IT companies entering international
markets. Our associates specialise in IT/Finance sector as well as
geographic regions & cultures. They have substantial experience in
markets around the world.

Services include:

1. International Market Research to identify markets offering the
best opportunity

2. International Partner Identification and Evaluation

3. In Country Research of

a) Competitors and Alternatives
b) Pricing and Commercial Terms
c) Withholding and other Taxation issues
d) Copyright and other Legal Issues

4. Product Launch and In Country Public Relations

5. Partner Programme Development and Partner Management

6. Partner Contractual Negotiation

7. In Country Direct Marketing

8. Competitive Intelligence Services

9. Product Licensing / Private Labelling Strategy Consulting

10. Establishment of Direct Offices Globally and Recruitment of Human
Resources

Regions include:

· ASEAN
· Australasia
· Europe (both Western and Central)
· Gulf States
· Hong Kong
· China
· Japan and Korea
· North and South America


google.com is the undisputed number one search engine on the whole
internet & powers the likes of Yahoo, Netscape. Google gives
banknetindia.com top two positions on searching for "banking software
in india" & 12th position in "banking software" (with no mention of
country). This gives the listed companies on our site great
visibility worldwide.

We assist our associate banking software companies in increasing
visibility of their products in banking/finance community & banks and
in getting business leads both online & offline. Products are
recommended to banks if they fit in their specific requirements. We
also send our associate IT companies regular mailers advising them
about business opportunities in the banking industry.

IN BRIEF OUR SERVICES FOR ASSOCIATE COMPANIES ARE:

1.Brand Building & Product promotion - online & offline.

2.Product presentations to group of bankers CLICK HERE

3.Product potentialities assessement sessions

4.Creating Bridges between Banks and Software Cos for business
opportunities.

5.Identifying Prospects for Product and Investments in the Banking IT
Sector.

6.Scouting for Partners.

7.Industry Watch and Market Analysis.

8.Assistance in Human Resource outsourcing & Trainings.

9.Provide Consultancy on Project related issues.

10. Assisting Indian IT company's to enter international markets.


Click here to know more:
http://www.banknetindia.com/banking/bservices.htm

OR contact us at
info@...