RBI Issues Report On Banking In India

The RBI, India’s Central Bank issued a report last Wednesday suggesting the country, with its strong drivers for economic growth, may escape the works of the global credit crisis. The report titled “Trend and Progress of Banking in India, 2007-08” suggests that once the global situation stabilises, India will return to the high growth rates it has been accustomed to over the last decade.

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Sebi To Ease Regulations on FII’s

The Securities and Exchange Board of Indi (Sebi) the Indian stock market regulator is considering reforms and deregulating the norms governing the participation of foreign institutional investors in the Indian equity markets.

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