News Rss icon

RBI mandates 100% provisioning for fraud cases

The entire amount due to the bank, for which the bank is liable, is to be provided for over a period not exceeding four quarters

Banking units in IFSC must have capital of at least $20 mn

An International Financial Services Centre is being set up at Gandhinagar, Gujarat as part of an SEZ

RBI approves ING Vysya-Kotak Mahindra merger

Acquisition will make Kotak Mahindra fourth largest private sector lender in the country, with a total business of Rs 2.25 lakh crore

ICICI Bank to remain open in most states today

This will include states and Union territories where it is a public holiday, except for branches in Delhi, Chhattisgarh, Haryana, Rajasthan and ...

Central bank scraps ceiling on buyer's credit for project exports

The step has been taken to further liberalising the procedures for export of goods and services

Features Rss icon

A new milestone at Mint Road

On Thursday, Prime Minister Narendra Modi will be in Mumbai to commemorate the central bank turning 80. Business Standard takes a look at RBI's ...

RBI turns 80: The uneasy relationship

A look at the uneasy relationship shared between RBI governors and the government in power over the last 80 years

Constancy and change

As RBI celebrates its 80th anniversary, the institution will have to continue to strike a balance between constructive change and "good" ...

Stock options, new blood as PSU banks ready for change

To improve profitability and slash bad loans, banks are now focusing on getting in the right people

Policy freedom shrinks for a hamstrung RBI

The process to clip the central bank's wings, which had started during the previous government's rule, is now picking up pace

Money & Forex Rss icon

Rupee bounces back by 18 paise, ends at 62.50

The currency ended on a positive note on selling of dollars by banks and exporters on expectation of resumption of foreign capital inflows into ...

Rupee gains as exporters sell dollars

Dollar's strength against other currencies overseas caps gains

Rupee falls 26 paise on fresh dollar demand

Fresh capital outflows and dollar gains in overseas markets also weighed on the currency

Rupee drops 17 paise against dollar in early trade

Forex dealers attributed the fall in the rupee to the dollar's strength against other global currencies

Policy Watch Rss icon

Run-up to the monetary policy: Fuelling growth, a national priority

Alice Rivlin, former US Federal Reserve vice-chairperson, once remarked that the "job of the central bank is to worry".Over the past two years, ...

April policy: Focus on communication

There might be scope for another 25-basis point rate cut but only by June, after RBI assesses the impact of unseasonal rains on food prices

RBI may hold rates in April, to go for 25 bps cut by June: DBS

Earlier, the central bank surprised markets by reducing benchmark interest rate by 0.25% to 7.5%

RBI to hold rates on April 7, says poll

RBI governor had surprised markets by cutting repo rate last week

Editorial Comment Rss icon

A recurring dilemma

RBI must respond to sluggish growth

Debt conversion into equity

Speeding up court decisions must be a priority

Columnists Rss icon

Akash Prakash

Akash Prakash: The dollar consensus
Akash Prakash

Most are convinced the dollar will keep strengthening - so it's useful to ask: could they be wrong?

T N Ninan

T N Ninan: What's RBI smoking?
T N Ninan

RBI is encouraging companies to borrow more overseas, which has added to the upward pressure on the rupee

Quick Links

10-year gilt yield (%)

Banking Data

Instrument 31/03/2015 1 year ago
Call Rate 9.00 7.25
5 yrs GSec 7.77 8.95
10 yrs GSec 7.74 9.19
Bank rate 8.50 9.00
PLR 11.00/15.75 11.00/15.75
Deposit rate 8.00/8.75 8.00/9.25