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Oct. 1: The Government launches a health insurance scheme for families in the unorganised sector living below the poverty line.

Oct. 4: Reserve Bank of Inia tells banks not to sell their Non-Performing Assets at a price lower than the net present value arrived in a manner mentioned by the apex bank.

Oct. 8: HDFC increases its shareholding in HDFC Asset Management Company by acquiring 9.90 per cent stake from Standard Life Investments Ltd for Rs 181.81 crore

Mr Sanjay Kumar Bhattacharya appointed Managing Director of State Bank of India.

Oct. 11: ICICI Bank cuts interest rates on its floating home loans by 50 basis points to 11 per cent and rates on personal-and-auto loans between 25 and 50 basis points.

Oct. 29: RBI allows banks facing pressure on their capital due to the increasing demand for credit, to raise Tier I and upper Tier II capital through preference shares.

Oct. 30: Reserve Bank of India hikes the cash reserve ratio by 50 basis points to 7.5 per cent with effect from Nov. 10.

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