News Rss icon

From today, free ATM use capped at 5

Strap-Except SBI all other major lenders have not levied charges

Karnataka Bank net up 3 times to Rs 88 crore in Q2

Total income grew 11% to Rs 1,278 crore as against Rs 1,152 crore a year ago

Starting tomorrow, ATM use over five times per month will attract fee

Every transaction beyond this threshold will be charged Rs 20 per use

Indian Overseas Bank reports loss of Rs 245 cr

Provisions zoomed 44% to Rs 892.4 cr and asset quality worsened with the gross NPA ratio going up to 7.35% in the Jul-Sept period

IOB says worst is over, sees gross NPAs at 6.5% by March

The bank has now decided not to go for large corporate lending and the focus is on retail, agriculture and small and medium enterprises

Features Rss icon

The next big market shock can come from 'Save Swiss gold' movement

On November 30, 2014, Switzerland will have a referendum to legislate its central bank to have at least 20% of its assets in gold, which could ...

Uday Kotak: Now, wait for the next Big Thing

India is a great motion picture rather than a static photograph, as the evolution of the financial sector over the past four decades has shown

What's so special in officers of govt-run Dena Bank?

Many from this small lender have made it to other bank boards over the past 5 years

Life Insurance: Anuj Agarwal

I am 23 and have started working in June this year. I want to buy a life insurance policy but don't know which policy to buy. Please help.It is ...

Divergent monetary policies positive for India

Inflows from Europe, falling crude oil to come to the rescue if rupee cracks against the dollar

Money & Forex Rss icon

Rupee gains tracking stronger Asian forex, equities

Is expected to trade in a 61.25 to 61.45 range for the day

Rupee weakens on Fed decision

Yet, market believes effect would be limited, as inflows expected to continue; observers hope buffer used to push growth & reforms

Is QE really over or has the Fed only pressed the pause button?

The real impact of QE will be felt when Fed decides to recall its money since it is then that money will start flowing out of the system

Rupee falls to two-week low on Fed's US economy outlook

The local currency was trading at 61.43/44 to the dollar

Policy Watch Rss icon

As inflation rates slide, hopes for RBI rate cuts brighten

RBI's inflation target likely to be met much before January 2016 deadline

New monetary policy framework by Dec

Govt to fix inflation target, RBI panel will decide how to meet it; mix of Patel and FSLRC suggestions

RBI not biased towards either raising or cutting rates: Rajan

Says action will depend on inflation data

Wait for a rate cut just got longer

RBI keeps repo rate unchanged; market sees prolonged pause; banks may trim deposit rates

Editorial Comment Rss icon

Enabling inflation targeting

Real government action on inflation containment still awaited

Focus on structural change

Reserve Bank of India takes regulatory steps forward

Columnists Rss icon

Andrew Sheng & Xiao Geng

Andrew Sheng & Xiao Geng: American-made financial repression
Andrew Sheng & Xiao Geng

The dollar's global dominance is contributing to financial repression

Abheek Barua & Bidisha Ganguly

Abheek Barua & Bidisha Ganguly: Waiting for the Fed rate hike
Abheek Barua & Bidisha Ganguly

Market signals point to an indefinite postponement but data from the US economy suggest the Fed will have to balance local trends and global ...

Quick Links

10-year gilt yield (%)

Banking Data

Instrument 30/10/2014 1 year ago
Call Rate 8.15 8.70
5 yrs GSec 8.31 8.52
10 yrs GSec 8.27 8.55
Bank rate 9.00 9.00
PLR 11.00/15.75 11.00/15.75
Deposit rate 8.00/9.05 8.00/9.05