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Bankstar Technologies Ltd, has signed City Union Bank Ltd as its first customer for its RTGS Liquidity Management System (LMS) for Commercial Banks – METEOR. METEOR is an acronym for Member Bank Transaction Exchange Over RTGS, which enables the bank to comply with RBI’s guidelines on LMS including Liquidity Pooling, Collateral Management and Payment Scheduling. METEOR is one of a range of products from Bankstar Technologies created using Borland® Delphi™.Bankstar have a customer base of 50 customers including 6 of the world’s top 100 banks and a leading BFSI conglomerate in Japan... Click for more on Bankstar Technologies


‘BANCS’ (Banks ATM Network and Customer Services) with the state-run Bank of India (BOI) as the settlement bank has been launched. It currently has 12 member banks and eight more banks will shortly join the network. ‘BANCS’ will have 2,000 -2,800 ATMs in the consortium. Banks will have to pay Rs 25 per transaction to the consortium.

‘BANCS’ member banks include — Bank of Maharashtra, Bank of Bahrain & Kuwait, Greater Bombay Co-op Bank, Centurion Bank, Central Bank of India, UTI Bank, Punjab & Sind Bank, IDBI Bank, Ratnakar Bank, SBI Commercial & International Bank, Cosmos Bank, Air Corporation Employees Co-op Bank and Saraswat Co-op Bank.


The online advertising revenue has gone up by 38 per cent in the period October-December 2003 viz-a-viz last year in the US market. Out of the total online ad revenues of $7.2 billion in 2003, the Q4 alone contributed $2.2 billion. The findings are a result of the study done by the new media group of PricewaterhouseCoopers (PwC) and commissioned by the Interactive Advertising Bureau (IAB). On the whole, the industry registered an annual growth of 20 percent in 2003.In another similar study by Universal McCann, the Internet marches ahead of all other media in percentage ad revenue growth for the year 2003... Click for online brand building


The worldwide BPO market is likely to grow at an annual nine per cent rate, to touch one trillion dollars by 2006 from $773 billion in 2002. BPO industry in India would grow at 54 per cent annually for 2002-06. The BPO services are expected to grow from $2 billion in 2002 to $12 billion in 2006. ... Read More


Fidelity National Financial and Sanchez Computer Associates has announced the signing of a merger agreement pursuant to which FNF will acquire Sanchez... Read more


US Senate has barred subcontracts to India and other countries by American companies... Read more



Banknet India was the supporting organization & advisor to FICCI's 2nd Annual Conference & Exhibition- "Indian Banking: Global Benchmarks 2003"at Oberoi Towers, Mumbai (25-27 September 2003). Read More.


Banknet India was Marketing Advisor for International Seminar & Exhibition on The changing Face of Banking, Insurance, Finance & Technology -“The Economic Times - BIFT Expo 2003” 24-26 April 2003-Nehru Center-Worli-Mumbai-India. ... Read more


The Dataquest CIO panel discussion held in Mumbai focussed on the banking segment, bringing up various challenges and concerns facing IT managers in this sector...Read more


Banknet India on behalf of IIB, organised the IT Exhibition at International Banking Summit... Read More

Banknet India has released "White Paper on Banking Systems Survey 2002-03" at IT@BFSI 2002 jointly organized by Nasscom & IBA at Oberoi Towers, Mumbai, on the 26th July 2002.Click here for report


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