Banks general
RBI revises risk management norms to banks
28 Mar 2008
Citigroup to retrench 2,000 investment bankers and traders
20 Mar 2008
Citi continues to lay off employees, while trying to control costs, recover from the sub prime crises, and make ends meet in a slowing US economy.
US developments may affect policy decisions: RBI governor
15 Mar 2008
RBI Governor YV Reddy says economic uncertainities in the US, plus high fiscal deficit in India have complicated policy management.
RBI makes ATM services free from April 2009
10 Mar 2008
The RBI has directed banks to make all ATM services free of cost from 1 April 2009. It, however, allowed banks to fix charge on transactions using credit cards and from ATMs located overseas.
HDFC Bank to expand its global presence
10 Mar 2008
Western banks face $325 billion capital erosion: JPMorgan
08 Mar 2008
Banks across the US and Europe are facing a "systemic margin call" that may deplete $325 billion of their capital, JPMorgan Chase & Co said in a report.