US BANKS OUT OF SANCTIONS NET
Article Abstract:
The US banks can continue to operate in India despite sanctions imposed by the US government against India. The sanctions are only applicable to US bank loans and credit to the government. The term `government' will be defined by the US executive order. The US government is expected to announce the executive order before the end of June 1998. This will also clarify issues like whether US banks can hold treasury bonds, what could constitute government loan and credit and if US banks can deal with public sectors in India. (uh)
Comment:
US banks can continue to operate in India despite sanctions imposed by US govt against the country
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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INDIAN BANKS ASSOCIATION SETS UP GROUND ON E-TRANSFER
Article Abstract:
The Indian Banks Association has formed a working group comprising treasury managers. The group aims to look at the real time gross settlement system (RTGS) being implemented by the banks. It will look into issues relating to electronic funds transfer among banks. It will submit a paper to the Reserve Bank of India (RBI) with a brief account about technology, procedures and user problems. (gs)
Comment:
India: Indian Banks Assn forms working group comprising treasury managers to look at RTGS being implemented by the banks
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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IDBI SEEKS TECH, FINANCIAL TIE-UP FOR INSURANCE FORAY
Article Abstract:
The Industrial Development Bank of India (IDBI) proposes to foray into the Indian insurance sector. It is currently searching for a global partner for a technical and financial tie-up. IDBI has shortlisted four companies based in the US for possible tie-ups. (ag)(vr)
Comment:
The Industrial Development Bank of India (IDBI) proposes to foray into the Indian insurance sector.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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