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ICICI Bank Q1 net up 12%, beats estimates

Bad loans ease, gross NPA falls to 3.68% from 3.78% q-o-q

FM might present supplementary demand for grants today

The supplementary demand seeks Parliament's nod for more budgetary and extra-budgetary spending demands

Banks grapple with bad loans, profitability takes a hit

Of the six banks that posted their quarterly numbers, only State Bank of Mysore saw a slight jump in net profit

Bad loans drag Dena Bank's Q1 profit 81% to Rs 15 cr

The fall was attributed to a sharp rise in NPAs and consequently a higher allocation towards provisioning

Vijaya Bank Q1 net down 12% at Rs 143 cr

However, total income increased to Rs 3,289.05 crore

Features Rss icon

Are toxic assets of PSU banks on the decline?

Despite disappointing profit numbers, most PSU banks are showing signs of stability in NPAs

First, check what a policy covers

Jyoti Ceramic Industries, an exporter, had received an order from Techno Ceramics. in Philadelphia, the US, for supply of 'zirconium oxide ...

Banking: Rakesh Jain

Rakesh Jain, Chief Executive Officer of Reliance General Insurance, answers your questionsI have a group insurance policy for a sum assured of ...

PSU banks opt for offbeat tactics to tackle $49 billion of bad debts

Tactics include targeting smaller borrowers with aggressive 'name and shame' campaigns, putting pressure on investors or executives at larger ...

SBI: Analysts cheer move to raise staff incentive

Performance-linked incentives to rise, stock options might be given to employees above the rank of assistant and deputy general manager

Money & Forex Rss icon

Rupee weakens by 12 paise against dollar in early trade

Weakness extended for the second day due to appreciation of the American currency overseas

Rupee seen weakening further due to concerns of rate hike by US Fed

RBI is expected to keep the repo rate unchanged in its August 4 monetary policy

Rupee slips 13 paise, breaches 64 mark

Consistent unwinding by foreign investors from Indian equities and debt markets weighed on the currency

Nomura sees Indian rupee reaching 63.20 by Q3 of 2016

Says the view is driven by expectations of the dollar strengthening and the belief that RBI will continue to aggressively buy dollars

Policy Watch Rss icon

Moody's cautions against curbing RBI autonomy on policy rates

Also raises red flag over Parliament logjam, says it is denting business confidence as key reform bills like land and GST are stuck

RBI to hold rates on Aug 4, cut expected by year-end: poll

Economists expect 25 bps rate cut by December

Further monetary easing on the cards

Subsequently, several such concerns have subsided to an extent, with a smaller-than-feared monsoon deficit, above-normal kharif planting, ...

Inflation debate will not deter price stability goal

As the August monetary policy review approaches, there is a near-unanimity that another interest rate cut is not on the cards. Worries over a ...

Editorial Comment Rss icon

Bias towards action

Two issues RBI must contend with

Mutual distrust

Pragmatism suggests a veto power for the RBI governor

Columnists Rss icon

Abheek Barua

Abheek Barua: What should the MPC look like?
Abheek Barua

Balance is needed in selecting members for the proposed monetary policy committee

Curtailing RBI Governor's veto powers is another flash point between RBI & Govt

Urjit Patel panel wanted all members to be appointed by RBI

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10-year gilt yield (%)

Banking Data

Instrument 12/06/2015 1 year ago
Call Rate 7.00 7.05
5 yrs GSec 8.08 8.41
10 yrs GSec 8.06 8.53
Bank rate 8.25 9.00
PLR 11.00/15.75 11.00/15.75
Deposit rate 8.00/8.50 8.00/9.05