IT bill moots stiff penalty for cyber crimes
The information technology bill, 1999, has prescribed stiff penalty of up to Rs 10 lakh and imprisonment up to 10 years for cyber crimes including malicious acts like infecting computer networks with viruses.

RBI gives more time to new bank promoters to cut stake
The Reserve Bank of India has "informally" given more time to the promoters of new-generation banks to dilute their stake below 40%, as stipulated in the licensing norms.

Retail market access fuels mergers of private banks
Merger mania seems to have gripped the markets even though it is yet to take the banking sector by storm.


  Regulatory hurdles force FIs to sit on $7-billion pile
  Dun & Bradstreet to spin off Moody's Investors Service
  Euro rallies as German survey fans optimism
  ICICI Bank eyes Bank of Punjab
  Uco chief scoffs at CII advice, says creators of NPAs on panel
  11 sectors compliant
  Executive Briefing
  RBI sets up panel to study global standards, codes
  Indian Bank may dispose of arms