News Rss icon

Housing finance companies look to raise funds through ECB route

HDFC set to raise $500 million; Tata Capital, Dewan Housing eye ECBs too

Commerce Ministry calls meeting with banks on July 10 on FDI in e-commerce

The issues which will come up for discussions include payment mechanisms of the e-commerce companies and the role of banks

RBI, govt in talks for recapitalisation of banks: Governor

For the current fiscal, the government has allocated Rs 7,940 crore in the Budget for capital infusion in state-owned banks

Govt will soon appoint heads of major PSU banks: Rajan

A final decision will be taken by the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi

Aspire Home Finance launches Mahila Awaas Loan

Loans for affordable housing would be offered at an interest rate of 10-12.5%

Features Rss icon

Life Insurance: Amitabh Chaudhry

I started working two years ago. I will have to pay tax from this year. My father is advising me to buy life insurance to save tax. What policy ...

Consensus eludes banks on debt restructuring

Reluctant small lenders and headless public sector banks make the task of lender groups difficult

Health insurance proposals: Some hits, some misses

Option to build a health fund, discount in premia for healthy behaviour and linking premium to retail inflation are some of the suggested

Banking: Jairam Sridharan

President, Axis Bank, Jairam Sridharan, answers your questionsAfter I got a letter from my bank, I presented all documents for completing the ...

Improve your insurance coverage at nominal cost

Doing so increases the cost but a number of these add-on features make sense

Money & Forex Rss icon

Rupee ends 10 paise up at 63.51

Smooth supply of dollars on fresh capital inflows into equities and debts weighed on trading sentiments

Rupee recovers early losses, up 5 paise against dollar

The local unit moved in a range of 63.66 and 63.56 in morning deals

Greece crisis fails to make a dent on rupee

Domestic currency emerges fifth best performer among major global ones

Rupee recoups losses, trades flat in morning trade

Bouts of dollar selling by banks and exporters helps rupee

Policy Watch Rss icon

RBI may cut policy rate 25 bps on Aug 4 if rains remain normal: BofA-ML

According to the global financial services firm, 'agflation' is in check and the June CPI inflation is may stay soft at 5.2%

RBI to cut rates by 25 bps in fourth quarter: poll

Will wait to see how the monsoon affects food prices, say economists

Rajan signals pause after 25-bp rate cut

EMIs set to become cheaper with SBI, others trimming base rates

Stocks on crash course as Sensex falls 660 points

The broader-based National Stock Exchange's Nifty index ended at 8,236.45, down 196.95 points or 2.34% over the previous day's close

Editorial Comment Rss icon

Insuring crops: Urgent need for insurance & compensation fund

Existence of such a fund would obviate the need to announce special compensation packages

No distinction between FDI and FII a dampener for insurance sector

While raising the foreign investment limit, the government clubbed FDI and FII flows

Columnists Rss icon

Subir Roy

Subir Roy: What's the new ETA for acche din?
Subir Roy

What the government can and is already seeking to do is improve the ease of doing business and facilitate investment in infrastructure. But the ...

Peter Eavis

Peter Eavis: Global debt - An ailment with few cures
Peter Eavis

Central banks can make debt less expensive by pushing down interest rates. However, they cannot slash debt levels to bring quicker relief to ...

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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