| Jun
2000 |
Stock Index Futures
introduced by as an exchange traded derivative. |
| Mar
2001 |
Kissan
Credit Cards introduced. |
| 19 Apr
2001 |
Effective week commencing
August 11, inter-bank term liabilities greater than 15 days maturity
exempt from CRR. |
| 19
Apr 2001 |
Banks
allowed to formulate special Fixed Deposit Schemes for senior
citizen offering higher rates of interest. |
| 30 Apr
2001 |
Clearing Corporation of
India established to address the need for an integrated clearing and
settlement system across different markets, viz., government
securities, forex and money markets. Commenced operations wef
February 2002. |
| Jun
2001 |
RBI issues
guidelines for internet banking heralding in a new era in banking. |
| 21 Nov
2001 |
Floating Rate Bonds
auctioned for the first time. |
| 1
Jan 2002 |
RBI
commenced announcing the reference rate for Euro, which replaced the
currencies of Austria, Belgium, Finland, France, Germany, Greece,
Ireland, Italy, Luxembourg, Portugal, Spain and The Netherlands. |
| 21 Jun
2002 |
The Securitisation and
Reconstruction of Financial Assets and Enforcement of Security
Interest Ordinance came into force, paving the way for setting up
asset reconstruction companies and for faster recovery of money by
banks and financial institutions. |
| 7
Sep 2002 |
Schemes to
open Offshore Banking Units in Special Economic Zones by banks
introduced. These units would be virtually foreign branches of
Indian Banks but located in India. |
| 11 Dec 2002 |
Auction format of 91 day
Treasury Bills changed from uniform price auction to the multiple
price auction method |
| Jan
2003 |
Select
stock exchanges commence retail trading in Government securities. |
| Apr
2003 |
Risk based supervision of
Banks introduced. |
| 3
Jun 2003 |
Guidelines
for exchange traded interest rate derivatives issued. |
| 7 Aug 2003 |
Clearing Corporation of
India launches its forex clearing system FX CLEAR |
| 6
Sep 2003 |
Y V Reddy
assumes office as Governor |