Banknet India's Conference on Payment Systems in Banks on 17th January 2006 will be the largest gathering of bankers ever in a Banking Conference in India. Nearly 500 delegates are expected to attend the conference.

An exhibition will also be organized in the pre-conference area and about 25 exhibition stalls for vendors will be strategically located outside the conference hall.

This Conference provides a unique opportunity to get first hand insight on Banking Payment and Settlement Systems from the Indian regulator, Reserve Bank of India, top bankers and industry experts. Participants also get a rare opportunity to network with top officials from around 100 banks.

The conference will focus on Payment System Upgradation in Banks, Cheque Truncation, Automatic Clearing House (ACH), Electronic Clearing Service (ECS), RTGS, Card Payment Systems, Cash Management etc. It will also discuss the impact of new Regulations like AML, KYC, Basel II and Technologies on Bank Products & Services.

 Dr. R. B. Barman, Executive Director, Reserve Bank of India (RBI) has kindly consented to be the Chief Guest and Mr. A. P. Hota, Chief General Manager, Dept. of Payment & Settlement Systems (DPSS), RBI will deliver the key note address. Mr. Arun Pascricha, General Manager (DPSS), RBI and Mr. Kaza Sudhakar, General Manager (DPSS), RBI will chair the sessions.

Other Speakers will include Business Heads and CTOs from some of the largest banks in India viz- State Bank of India, Punjab National Bank, Bank of India, ICICI Bank, HDFC Bank, IDBI Bank, UTI Bank, Citi Bank, Standard Chartered Bank, HSBC etc

An early bird discount is available for the delegates. Delegate fee from bankers is at 75% discount of the fee charged from others. Few exhibition stalls, sponsorship, speaker opportunities are also available.

For details please visit:
http://www.banknetindia.com/payment06.htm

Today, the role of IT has become so integrated and pervasive with
banking that it becomes necessary to mitigate the operational risks
arising out of failure of IT systems. Banking services came to a
standstill in Mumbai on 26th July 2005, due to unprecedented heavy
rains. It also affected banking services in other cities, as most
banks have their central switch for ATMs and core banking solutions
in Mumbai. It is imperative that all banks have BCP's in place to be
in readiness to tackle serious business disruptions.

According to a study done by Banknet India, number of banks,
including State Bank of India, Oriental Bank of Commerce, Canara
bank, Bank of Maharastra, Indian Overseas Bank have floated tenders
to scale up their disaster recovery and business continuity systems.
In coming months, such requirements will increase multifold as the
banks in India are now looking at their business continuity plans
seriously and gearing up to put disaster recovery systems in place.

Payment and Settlement systems form the backbone of banking system.
The payment system assumes importance in the context of domestic
financial sector reforms and global financial integration. According
to Boston Consulting Group (BCG), the payments business is core to
bank's profitability, generating up to 35% of their revenues and up
to 40% of their costs. If managed through a clear, coherent
strategy, payments can be a real source of competitive advantage and
consistent profitability.

Indian market for business intelligence (BI) applications to grow to
$70 million by 2007, registering a compounded annual growth rate
(CAGR) of 29.4 per cent. A report released by Frost & Sullivan said
the demand from IT, telecom and the BFSI segment, especially the PSU
banks, would drive the growth for BI applications. With branch
automation pushing transactions out of banks to more cost-effective
channels, and the increasing focus on retail products sales, more
banks will butt heads as they fight for customers in saturated
markets. A way around this is to use customer relationship
management (CRM) intelligence to sell to existing customers.

For more visit: http://www.banknetindia.com/banking/btech_welcome.htm

(Extract from Welcome address by Mr. Anurag Khanna, Managing
Director & CEO, Banknet India at the Bank Tech Summit at Taj Lands
End, Mumbai on September 22, 2005)

Today, the role of IT has become so integrated and pervasive with
banking that it becomes necessary to mitigate the operational risks
arising out of failure of IT systems.  Banking services came to a
standstill in Mumbai on 26th July 2005, due to unprecedented heavy
rains. It also affected banking services in other cities, as most
banks have their central switch for ATMs and core banking solutions
in Mumbai.

However, alternative data back-up centers established by banks in
other cities saved the day. Timely action also saved the banks in
protecting the data by transferring it to alternate centers in the
country.

Reserve Bank of India (RBI) guidelines requires banking and
financial institutions to have a disaster recovery plan in place.
However, Reserve Bank's study in April 2005 revealed that some
banks were still in the process of framing a business continuity
plan (BCP). It is imperative that all banks have BCP's in place to
be in readiness to tackle serious business disruptions.

According to Mr Anurag Khanna, CEO, Banknet India, banks with
centralized systems and advanced technology infrastructure need to
take extra precaution, so that their services in other part of the
country are not disrupted, due to disaster at major centers like
Mumbai.

According to Banknet India, an IT focused banking research company,
in last 3 months major banks like State Bank of India, Oriental Bank
of Commerce, Canara bank, Bank of Maharastra, Indian Overseas Bank
have floated tenders to scale up their disaster recovery and
business continuity systems. In coming months, such requirements
will increase multifold as the banks in India are now looking at
their business continuity plans seriously and gearing up to put
disaster recovery systems in place.

BANK TECH SUMMIT, an International Conference organized by Banknet
India on 22nd September 2005 at Mumbai will address Planning and
implementation of disaster recovery and business continuity,
Managing business & technology risks in banks. Other areas to be
discussed at the conference include: RTGS, Cheque Truncation, ATMs,
Alternate Payment channels, Business Intelligence, Data mining,
Customer Relationship Management, Risk Management, KYC, Cash
Management etc.

For more information on Bank Tech Summit, please visit:
http://www.banknetindia.com

We invite you to participate in Bank Tech Summit, an International
Conference & Exhibition, organized by Banknet India on the 22nd Sept
2005 at Taj Lands End, Mumbai, India. Nearly 300 senior level
banking and IT industry professionals are expected to participate in
the Summit from India, Australia, Cyprus , Malaysia, France, Japan,
Oman, Singapore,  UK,  USA, etc.

More than 20 speakers from regulatory bodies, banking institutes,
major banks, technology vendors and research companies across the
globe will address the Conference. 25 Major IT Companies will
showcase their products at the Exhibition.

Bank Tech Summit will provide a platform for knowledge sharing and
networking for professionals from BFSI & IT industries. Participants
attending this conference will gain greatly through the information
sharing, interaction and exchange of views with industry experts,
and networking with decision makers, to expand business
relationships and opportunities.

CONFERENCE AGENDA
Banks have made significant investments in IT but not many have
reaped appreciable benefits. Banks are therefore required to address
issues in moving from using technology to leveraging it for business
benefits. The theme of the summit is Leveraging IT for business
benefits in banks. The Conference sessions will focus on:

Session II- Disaster Recovery, Business Continuity, Core Banking
Session III- RTGS, Cheque Truncation
Session IV- Business Intelligence, Data mining, Customer
Relationship Management

Other related areas to be discussed at the conference include: Risk
Management, Alternate Payment channels, KYC, Cash Management,
Remittance etc.

SPONSORS: This Summit present excellent sales and marketing
opportunities.  There is a strong linkage between the conference and
the exhibition, as products/services relevant to the theme of the
conference will be showcased at the exhibition.

DELEGATES: There is an early bird discount for delegates up to the
22nd August 2005. To ensure bankers participation, more than 50%
discounts are offered to the delegates from banks.

For more information, please mail to us at
conference@...
or visit: http://www.banknetindia.com

Banknet India and India's Top 10 Business School, Narsee Monjee Institute of
Management Studies (NMIMS) are jointly conducting Management Development
Programmes on "Understanding Banking for IT". First MDP Programme will be held
from 28th to 30th July 2005 at Mumbai.

This only of its kind programme attempts to bridge the gaps in domain knowledge
of the IT solution providers. This programme would provide the basic
understanding of banking requirements to the software professionals which would
enable the IT professionals manage both development / customization and
implementation of the solutions more efficiently.

The programme addresses four broad areas in a span of three days covering
general aspects of the Indian banking industry, framework of commercial banking,
the various product segments, information flow, the inter-relationships and the
implementation issues.

This programme will be useful for Business Development executives and software
professionals involved in software development and project management for
banking solutions, young banking & finance professionals, top management of
banking software companies and students of banking.

For more details visit:  http://www.banknetindia.com/education/mdp_intro.htm

can anybody guide me in knowing how mpls-vpn work, what is a data
center, what is email solution?

If a bank is already having WAN, data center, e-banking facility then
what else can be improved in these areas as well as what new technology
can be introduced there.

pls help as i have an interview very shortly.

thanks

Banknet India's Conference on Payment Systems in Banks on the 20th
May 2005 at Taj Lands End, Mumbai will bring Reserve Bank of India,
major banks and technology companies on one platform to discuss the
issues and technology related to payment systems in banks.

Chief Technology officers and Business Heads from following banks
will speak and share their experiences and expectations in the
conference-ABN Amro Bank, Bank of India, BNP Paribas, Clearing
Corporation of India, Dena Bank, HDFC Bank, IDBI Bank, IndusInd Bank,
Kapol Cooperative Bank, Kotak Mahindra Bank, Shamrao Vithal Coop
Bank, State Bank of India, Union Bank of India, UTI Bank, Yes Bank.

Top Management from Indian Institute of Bankers and Reserve Bank of
India will also address the conference.

Reserve Bank's Roadmap for Payment System upgradation in Banks,
Technology and Payment Systems, Cheque Truncation System, Real Time
Gross Settlement (RTGS), Cash Management, Internet Banking, Mobile
Banking, ATMs etc will be discussed and debated at the Conference.

Conference will feature 8-9 presentations/ case studies. This will be
followed by panel discussions and Q&A session.

For details and registrations, please visit
http://www.banknetindia.com/payment.htm

Conference will discuss and debate Technology and Payment Systems,
RTGS, Cheque Truncation, Cash Management, S.W.I.F.T/EFT/ ECS,
Internet Banking, Mobile Banking, Credit/Debit Cards, ATMs etc.

Conference will bring together nearly 20 CTOs CEOs and Business heads
on a single platform and around 150 senior level participants from
banking and IT industry.

Banknet India's conference on Payment Systems in Banks- Challenges
and Opportunities, the only event focused on issues and technology
related to payment systems in banks will be held on 20th May 2005 at
Taj Lands End, Mumbai.

Participation in Conference is Free for Senior Bankers (Limited
invitations)

For sponsorship, speaker opportunities and delegate registrations,
please mail to: conference@...

Read more at: http://www.banknetindia.com/payment.htm

Banks authorised to deal in foreign exchange in India may now permit a
resident power of attorney holder to remit, through normal banking
channels, funds out of the balances in NRE and FCNR (B) account to the
non-resident account holder.
Read more at: http://www.banknetindia.com/banking/poa.htm

Banknet India's CTO Summit held on 21st February 2005 brought
together 28 CTOs, CEOs and Business heads from 15 banks and 5 IT
companies to discuss the role of IT in managing risk in banks,
leveraging IT for business benefits for banks, challenges of multi-
channel strategies in banks, approaches to core banking solutions.

Speakers and panelists at CTO Summit were of consensus that
technology will be the key for banks in their effort to implement the
Basel II norms. Technology is essential for Basel II norms because of
needs like data collection, computation of the audit trail and
reporting between the various departments and across the ranks within
banks.

Experts agreed that data collection; networking and risk management
will be the key areas where banks will need to implement technology,
in their efforts to achieve standardization. A centralized IT
infrastructure, customized software solutions, personnel training and
seamless integration of multi-channel strategies are the imperatives
for management of credit, market and operations risks.

Read more at: http://www.banknetindia.com/ctopress.htm

CTOs and Business Heads from more than 16 banks will come together to
deliberate on areas of immediate relevance to banks in the context of
the technology. Some of the key issues that would be discussed at the
CTO Summit would include Risk Management, Money Laundering, Basel II,
RTGS, Business Intelligence (Data mining), CRM, ATM, e-banking,
mobile banking and Core banking.

CTO Summit is organized by Banknet India (www.banknetindia.com) on
Monday, February 21, 2005 at Taj President, Cuffe Parade, Mumbai,
India. CTO Summit will bring together around 30 speaker/ panelists
and more than 100 senior level participants from banking and IT
industry.

The focus areas and session tracks at CTO Summit will revolve around-

Role of IT in managing risk in banks
Leveraging IT for business benefits for banks
Challenges of Multi-channel strategies in banks
Approaches to Core banking solutions

Summit details at- http://www.banknetindia.com
Contact email- summit@...

Banknet India is organizing the CTO Summit on Monday, February 21,
2005 at Taj President, Cuffe Parade, Mumbai, India. CTO Summit will
bring together around 30 speaker/ panelists and more than 100 senior
level participants from banking, IT industry.

Speaker/ panelists at the summit will consist of 16 CTO's and
Business Heads from major banks, Top IT experts, representatives from
major consultancy firms, regulatory and other institutions.

SUMMIT AGENDA

The focus areas and session tracks at CTO Summit will revolve around-
Role of IT in managing risk in banks,
Leveraging IT for business benefits for banks,
Challenges of Multi-channel strategies in banks,
Approaches to Core banking solutions.

Some of the key issues that would be discussed at the summit would
include Risk Management, Money Laundering, Basel II, Business
Intelligence (Data mining), CRM, ATM, e-banking, mobile banking and
Core banking.

WHY THIS SUMMIT IS DIFFERENT

The only event with nearly 16 CTO's & Business heads from banks on a
single platform.

Unmatched speaking faculty and agenda.

High percentage of senior level participants.

Extensive interaction and one-to-one sessions with industry experts.

Unmatched opportunity for senior bankers & IT professionals to
exchange views and networking.

One-day event, specifically designed for today's executives whose
time is more precious than ever.

Contact email- summit@...
Summit details at- www.banknetindia.com

Banknet India, a research company focusing on IT deployment in the
banking industry has released it's second White Paper on Banking
Systems 2004, at the India Banking Summit in Mumbai.

The White Paper covers the findings of the survey conducted by
Banknet India during 2003-04. Banking Systems Survey 2003-04
attracted responses from 45 Banks and 54 IT companies. Respondents
included CEO's, COO's, CTO's, GM's, VPs, Marketing
and IT Heads.

According to Mr. Anurag Khanna, MD & CEO of Banknet India, "As
compared to responses from 24 banks in the first survey, our second
banking system survey received responses from 45 banks. The white
paper will be of great value to banks and IT companies alike. The
findings of this white paper will create a better understanding about
the trends, practices and requirements related to the IT in
banking."


THE SALIENT FINDINGS OF THE SURVEY INCLUDE:

PRODUCT SELECTION CRITERION: "Functionality" of the software
product
or application according to the respondents from both banks & IT
companies.

VENDOR SELECTION CRITERION: Both banks and IT companies agree on the
top criterion for vendor selection being the  "Track record"
of the software vendor.

OPERATIONAL AREAS IN DEMAND: The area of "Risk management" is
being given the highest priority by banks. "Core banking" and
"Asset Liability Management" rank next in the priority.

DECISION MAKING PROCESS: Indian banks normally follow a 3-stage
process. According to the majority of IT companies, a bank takes more
than six months to select an IT application.

IT PROCUREMENT PROCESS: Most banks prefer the RFI/RFP approach for
their selection process.

COMPUTERIZATION OF BRANCHES: 94% of the participant banks claimed to
have more than 75% of the branches computerized

NETWORKING OF BRANCHES: 43% of the banks surveyed have less than 50%
of their branches networked.

OUTSOURCING IN BANKS: As many as 36% of the participating banks have
outsourced IT related services. ATM Management is one of the most
preferred outsourced activities.

SUCCESSFUL IMPLEMENTATION: Clear understanding of requirements by the
IT Company is considered to be the most important factor for the
successful and timely implementation of the IT projects in banks.

TARGET GEOGRAPICAL AREAS: South East Asia is considered the top
geographic target area by 28% of the respondent IT Companies,
followed by the North America.

MAIN HUB: Mumbai remains the hub for banking technology companies due
to its proximity to decision makers in the banking industry.

In addition, the white paper has also analyzed issues related to the
Payment Cycle, Quality certifications, Tracking IT requirements in
banks, Technology awareness in banks, Brand building by IT Cos,
Budget outlay of banks, among others.

SPECIAL OFFER- White Paper is available in PDF Format. Buy now and
get free White Paper on Banking Systems 2002-03 worth Rs 400 (US$10).
Details & online booking at http://www.banknetindia.com/books/list.htm

We are pleased to invite you to participate in "India Banking Summit"-
7-8 December 2004, Renaissance Hotel and Convention Centre, Mumbai.

India Banking Summit, supported by Banknet India provides the banking
industry with a unique platform to exchange ideas and discuss new
developments. Showcasing innovation and highlighting new growth
markets, the two day conference brings together over 30 eminent
speakers including CEOs & CTOs to examine the latest developments in
banking technology, risk management, retail and rural banking,
capital markets and regulation.

India Banking Summit will attract large number of senior decision-
makers from across the private, public and community banking sector.
Participation in the summit will provide a major networking
opportunity.

Read more at- http://www.banknetindia.com

Credit Policy announced by Reserve Bank, today, signals stability and
growth. While, Bank Rate has been kept unchanged at 6.0 per cent,
Repo rate hike of 0.25 per cent is basically to reduce excess
liquidity and help in controlling inflation. So further hike in bank
lending rates are generally ruled out,in near future.

Other relevant highlights of policy are-

Ceiling on Interest Rates on NRE Deposits raised by 50 basis points
over US dollar LIBOR/SWAP rates of corresponding maturities.
Banks may fix the ceiling on interest rates on FCNR(B) deposits on
monthly basis.
Minimum tenor of retail domestic term deposits reduced to 7 days.
Composite loan limit for SSI entrepreneurs enhanced from Rs.50 lakh
to Rs.1 crore.
Banks may now extend direct finance to housing sector up to Rs.15
lakh under priority sector lending.

Visit Special on credit policy at:
http://www.banknetindia.com/banking/policyoct04.htm

OR Visit- http://www.banknetindia.com

Seminar on "IT for Banks - International Trends, Best Practices &
Singapore Experience" is organized by IDA, Singapore in association
with Banknet India. Infocomm Development Authority (IDA) is a
Singapore government agency involved in policy, promotion,
regulation, and industry development. Banknet India is a research
company that focuses on IT deployment in the banking industry.

Eminent overseas speakers will talk on - Infocomm Technologies in
Singapore's Banking Industry, Payment Trends in Singapore,
Transformation to Next Generation Banking, and Cheque Truncation
System.

Seminar will be followed by Cocktails and Networking Dinner.

Participation in Seminar is Free for senior bankers, but subject to
availibility. Only 10 delegates slot are now available. Please
contact us at- associate@...

For more information visit- http://www.banknetindia.com

An exclusive club for bankers has been recently launched. Banknet
Club's objective is to serve the informational, networking, career,
educational and leisure needs of upwardly mobile bankers.

Access to the Banknet Club section is restricted and is only
available to the Club members. Members will have exclusive access to
Business Resources, Networking & Discussion Forum, Networking Events,
Special Discounts, Panel of Doctors & much more...

This Club is an initiative of Banknet India, promoted & managed by
senior bankers. Nearly 25,000 bankers from 30 countries are
subscribers of the publications and newsletter of Banknet India.

If you are interested in joining the Banknet Club, please visit the
following links for more information-

http://www.banknetindia.com/club/club.htm

OR-

http://www.banknetindia.com

Banknet India has released the second edition of "NRI's Handbook for
Banking & Investments", updated up to July 2004. New edition,
incorporates the changes in last 12 months, including those outlined
in Indian Budget 2004-05. Second edition of the handbook has been
brought out in view of the wide ranging changes in the guidelines
related to Non Resident Indians in the areas of definitions, rate of
interest, deposit schemes, repatriation, remittance, taxes etc.

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. Handbook is divided in
11 Chapters and nearly 50 subsections and is available in PDF format
at www.banknetindia.com

Handbook provides definitions of Non-Resident Indian (NRI), Foreign
Citizen of Indian Origin, Person of Indian Origin (PIO), Overseas
Corporate Body (OCB), 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, Foreign
Technical collaborations, Issue related to ADRs / GDRs, Portfolio
Investments, Acquisition of immovable property; Various type of
loans, Facilities for Insurance, Education, Tax concessions etc.

Handbook also covers the facilities available to Returning Indians,
PIO Cards, List of Indian banks offering Internet Banking facilities,
Categories of Visa to India etc.

NRI's handbook in PDF format is available at:
http://www.banknetindia.com/

Sudden decision of Reserve Bank of India (RBI) and Indian Government
to place Global Trust Bank (GTB) under Moratorium has caught more
than 8.5 lakh customers of the bank unaware and shocked.

The moratorium will be effective from the close of business on
Saturday, July 24, 2004 up to and inclusive of October 23, 2004 or an
earlier date. During the period of moratorium, the depositors of the
bank will be permitted to withdraw up to Rs.10,000 from their savings
bank account or current account or any other deposit account.

To read- Notification of Reserve Bank of India, Countdown to collapse
of GTB, What is in store for GTB customers? Clarifications issued by
RBI, Indian Goverment, you can visit:
http://www.banknetindia.com/banking/gtb.htm

The Union Budget 2004-05 has hiked income tax exemption limit to Rs 1
lakh but imposed a 2 per cent education cess on all central taxes.
There is no change in interest rates on small savings schemes.
Government is targetting for 7 to 8 % GDP growth and eliminating
Revenue deficit by 2008-09.

Visit our Special Section on Indian Budget and read the Full Budget
in just 12 clicks. Also read about budget basics, budget glossary
budget highlights, economic survey 2003-04, articles policies, daily
news and join Discussions

Click the following link:

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

Financial Engineering --- Strategy To Raise Rural Lending To 25% In Three Years



Dear Friends,

1.  It is a fact that farmers and SME are charged 36% to 120% interest by
moneylenders, commission agents and traders.



2.  In addition to above World Bank report also points out that Banks provide
only 4% of the credit needs of over 20 million SMEs.



3. Farm lending recovery rate in Punjab is as high as 95% against 50%-55% for
industry.



4.  It is a fact that farmers repay the loans in two years only.



5.  Loans and advances to farmers and SMEs are prime functions of our banks and
essential for development and growth of rural economy. Loans to buy Cars,
Airconditioners, Credit Cards and such luxury items are secondary avoidable
functions of our banks.



6.  In Punjab even deposits of farmers are not fully available for the use of
needy farmers.



In view of the above facts our banks must come forward with plans & strategy to
boost lending to farms and SME sector.



A.  Presently traders/ arhtiyas illegally intercept farmer’s money and use it to
serve credit needs of farmers and SMEs who need it and charge extortional rate
of interest. – Mandi Board Acts be amended to provide for direct on the spot
payment of farm produce to farmers by cheque.



---  Due to the above procedure immediately bank deposits will go up
substantially. So please note that banks will be required to contribute only a
fraction of the credit needs of farmers from diversion from other sources.



B.  Present inflation rate is 5%-6% so bank interest for saving deposits be
raised to 6% and fixed deposits to 10% this will bring in flood of money in to
bank accounts. Bank lending rural economy could be easily raised to 25% of all
bank lendings.



C.  Above procedures will starve the parallel black economy. And the gains will
show up as deposits in the banks to further increase lendings to rural economy.



D.  Income & Consumption by rural economy will go up substantially.



F.  Tax revenue of the government too shall go up from rural economy.



G.  These steps shall bring progress & prosperity to rural economy and scale
down poverty level.



Best wishes,

Ravinder Singh


__________________________________________________
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Highlights of Reserve Bank of India's Credit Policy for 2004-05

As largely expected, there were no noteworthy announcements made by
the RBI in its annual credit policy statement. The statement broadly
follows the pattern already set in the previous policies.

The stance of monetary policy in 2004-05 is expected to depend
primarily on: (a) GDP growth; (b) inflation; and (c) global
developments.

RBI believes that global recovery appears more sustainable now and
there is greater resilience in emerging economies. However, it
observed that the major issue for global financial markets in 2004-05
relates to the continuing macroeconomic imbalances in the United
States, and their possible consequences on the rest of the world in
addition to geopolitical uncertainties.

Though there is widespread anticipation that international interest
rates may rise, an assessment of domestic factors point to stability
of interest rates at this time. However, the RBI has reiterated its
caution to Banks of a reversal in interest rates on the expectation
of healthy domestic and global growth.

Key Takeaways from the Credit Policy

•Bank Rate kept stable at 6.0%.
•Repo Rate unchanged at 4.5%.
•GDP growth for 2004-05 projected at 6.5-7.0%.
•Inflation rate projected for policy purposes at
around 5.0% during
2004-05.
•Projects money supply (M3) to grow by 14.0% and
credit growth of
16.0-16.5% during 2004-05.
•Inflation to be watched closely and with no room
for complacency
on this count.
•Call/notice money market lending limit of
non-bank participants
reduced to 45% effective June 26, 2004.
•A discussion paper on Capital Indexed Bonds
being put in public
domain.

Barring any adverse and unexpected developments in the economy and
assuming that inflation will be stable, the overall objective of the
RBI is to provide adequate liquidity to meet credit growth and
support investment and export demand while keeping a close watch on
inflation.

Consistent with the above, the RBI stated that it will maintain a
status quo – to pursue an interest rate environment that is
conducive
to maintaining the momentum of growth and macroeconomic and price
stability.

Courtesy Investment Manager: HDFC Asset Management Company Limited
FOR ALL YOUR WEALTH MANAGEMENT ADVISORY NEEDS Contact:
CENTAUR Financial Services Pvt. Ltd.
108, 4th Street,
Karpagam Avenue, Raja Annamalaipuram
Chennai 600028

Exclusive three day workshop for banks, financial institutions and
insurance companies on "Building a cost effective business continuity
and disaster recovery framework", is organised from 10th Jun to 12th
Jun 2004 at Taj Lands End, Mumbai.

This workshop has been created by Asia Knowledge in association with
Banknet India, after substantial research and using the model laid
down by RBI and SEBI, covering the latest developments on the Basel
II norms.

Andrew Hiles, workshop leader is one of the world's preeminent
educators and expert on BCP and DRP. Successful completion of this
course will provide delegates with one year 'Affiliate Membership' of
the Business Continuity Institute (BCI). Click following link for
more details

http://www.banknetindia.com/BC_DR.htm

hi everyone!!!!!!

i needed some help.......regd my project  if anybody can plz help  with these
questions

1) How does a settlement bank operate? what are the connection fees( visa or
master)
      certification fees
2) WHAT IS THE GUARANTEE FUND KEPT BY BANKS IN SETTLEMENT BANK & HOW IS IT
OPERATED?
3) A BANK WILL HAVE EITHER A NET PAYABLE POSITION OR NET RECEIVABLE POSITION?
HOW IS THIS POITION PAID?
4) AT WHAT TIME DOES RECONCILIATION TAKE PLACE?
5) HOW DOES AN atm SWITCH WORK?


RGDS
KIRAN


---------------------------------
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We are pleased to invite you to participate in one-day conference cum
two-day training workshop "Best Practices & Challenges in Business
Process Outsourcing 2004", from 7th June to 9th June 2004 at Taj
Lands End, Mumbai.

This one-day conference cum two-day training workshop brought to you
by Asia Knowledge in association with Banknet India, will provide
delegates with a clear strategy and uncomplicated solutions that will
help you look in depth into the growing concerns faced by this sector.

You will have the great opportunity to network with the workshop
leader, Andrew Hiles , one of the world's preeminent educators
and experts. For more details click following link-
http://www.banknetindia.com/bpoworkshop.htm

Ladies and gentlemen,

I am writing from Ukraine, I have a business project (tourism and
real estate) and I need a business loan of about 10-20K dollars for
three years, I can give you a profit rate of about 20-30% per year
and I offer all the notarial and other administrative papers.

I would like to find a business partner from India (or an other
country) for this project to make it an international one.

if interested email/phone me please for more details.

respectfully,

Oksana
welcometokiev@...
http://welcometokiev.com

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We are pleased to advise that a Seminar on "BPO IN THE FINANCIAL
SECTOR- CHALLENGES & OPPORTUNITIES" is being organised by Indian
Institute of Banking & Finance in association with Banknet India on
the 5th March 2004.

Participation in Seminar is Free, but strictly on invitation for Top
Executives, preferably CEO, COO, Heads of HR, Training & Business
Development from from BPO/ITES/Call Center Companies.

Speakers are Senior Professionals from Banks, Insurance Company,
Mutual Funds & BPO. Seminar will also include an Open Question/Answer
Forum for participants & will be followed by Lunch.

The participants attending this Seminar will have an opportunity to
interact with the experts in the fields of banking, finance,
insurance, Mutual Funds. Participants will get an insight into the
key success factors affecting BPO Companies, factors that affect the
decision-making process in outsourcing of work to third parties and
future perspective on BPO, given the changing competitive and
regulatory environment

Please e-mail at associate@..., name of the delegates
with Designation & Functional Area, Email and contact details before
27th Feb 2004, to enable us to forward you the registration form.

Best Regards,

NOTE: Banknet India's "Report & Whitepaper on BPO" & "How & Why of
Outsourcing" & "Doing Business in India" have been sold in more than
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The Interim Budget for 2004-05 has merged 50 per cent of Dearness
Allowance with basic pay for central Government employees. However,
no changes in the Income Tax structure were proposed....

Government has announced `mini exim policy'. According to Commerce
Minister, these announcements are only `procedural changes' to fine
tune the 2002-07 EXIM Policy...

The rupee is likely to touch 43.50 & foreign exchange reserves are
expected to reach $114 billion to $115 billion by the end of calendar
2004...

Government has allowed citizens to freely remit up to $25,000 a year
overseas and the Indian companies to invest up to 100 per cent of
their net worth abroad...

RBI has issued guidelines for transfer/ allotment of shares in
private banks....

Indian banks are running high costs in retail business & need to
rationalise....

Prime lending rates of banks are moving downwards...

READ UPDATED & DETAILED STORIES/NEWS DAILY AT:

http://www.banknetindia.com/banking/bn11299.htm