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Can't allow non-compete clause in pharma FDI: RBI

Non-compete clauses are common in M&As where the sellers agree not to launch business in the same domain

HDFC Bank sets Guinness World Record

Aditya Puri, MD, HDFC Bank said that sustainability is a core value at the Bank

RBI executive director takes voluntary retirement

He will be taking over charge as director, Centre for Advanced Financial Research and Learning from today

Mor panel's financial inclusion report may be put on back burner

The panel had suggested a new banking structure to foster financial inclusion

Call for 5-day week for state banks resurfaces

The Indian Banks' Association (IBA) is reconsidering a long-standing demand from employee unions to keep bank branches open for only five days a ...

Features Rss icon

Tactical trades may turn out to be winners: Jajoo

While softening core CPI, stable rupee and institutional demand provides support at higher yields, large supplies and global headwinds provides ...

The challenge: a bank account for everyone

With less than 60% of households having access to banking services, India has a long way to go before financial inclusion becomes a reality. The ...

Bond yields to be range-bound this week: Jajoo

Money market rates having eased sharply in new fiscal year will possibly consolidate at current levels

Shape up or ship out

The life insurance industry is working hard to shake off the image of being seen as just another tax saving tool

Banker of poor goes mainstream

Much of Chandra Shekhar Ghosh's success boils down to Bandhan's unparalleled reach in rural areas. Can this model bring him success in his new ...

Money & Forex Rss icon

Rupee sees biggest one-day fall in over a month

The rupee ended at Rs 60.59 compared with previous close of Rs 60.29 per dollar

Rupee sees worst single-day fall in over a month

The partially convertible rupee closed at 60.59, its lowest since March 24

Rupee lower as oil importers buy dollars

Pair is seen holding in a tight range of 60.20 to 60.40 during the session

Rupee up 8 paise at 60.29

Fresh dollar selling by exporters amid weak dollar overseas aided the rupee

Policy Watch Rss icon

Inflation-warrior Rajan hits the pause button on interest rates

RBI hints at keeping repo rate steady if inflation eases

RBI move to boost capital flows

The Reserve Bank of India (RBI) on Tuesday took steps to encourage long-term capital flows from foreign portfolio investors (FPIs) and reduce ...

Inflation control RBI's priority, says India Inc

The central bank maintained its 2014 Consumer Price Index-based inflation at eight per cent and said this had an upside risk

UBI issue points to lack of corporate governance in PSBs: RBI

RBI has raised issue of enhancing corporate governance norms in PSBS with govt and called for action on priority basis

Editorial Comment Rss icon

Monetary sovereignty

Lessons from Ben Bernanke's exchange with Raghuram Rajan

RBI's welcome conservatism

Central bank holds firm against business houses in banking

Columnists Rss icon

Jamal Mecklai

Jamal Mecklai: Burning money
Jamal Mecklai

I remember back when I was in school, my closest friend was from what-appeared-to-be a seriously wealthy family. While they lived very well, his ...

Suman Bery

Suman Bery: The next big thing in finance
Suman Bery

India has a big stake in Chinese financial reform

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10-year gilt yield (%)

Banking Data

Instrument 21/04/2014 1 year ago
Call Rate 9.20 7.25
5 yrs GSec 8.85 7.65
10 yrs GSec 9.01 7.83
Bank rate 9.00 8.50
PLR 11.00/15.75 11.00/15.75
Deposit rate 8.00/9.25 7.50/9.00