We study the dynamics of activity in the neural networks of enhanced integrate-and-fire elements (with random noise, refractory periods, signal propagation delay, decay of postsynaptic potential, etc.). We consider the networks composed of two interactive populations of excitatory and inhibitory neurons with all-to-all or random sparse connections. It is shown by computer simulations that the regime of regular oscillations is very stable in a broad range of parameter values. In particular, oscillations are possible even in the case of very sparse and randomly distributed inhibitory connections and high background activity. We describe two scenarios of how oscillations may appear which are similar to Andronov–Hopf and saddle-node-on-limit-cycle bifurcations in dynamical systems. The role of oscillatory dynamics for information encoding and processing is discussed.