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RBI can cut policy rates even if Fed hikes: BofA-ML

Rates could be cut by 75-100 basis points starting early 2015

Insurers make unclaimed money info easier to access

Turn to social media, credit bureaus to contact customers who cannot be tracked; push NEFT-based transactions to reduce idle cash left unclaimed

Bank FD scam gets bigger, 9 FIRs filed

Total scam in collusion with middlemen is estimated at over Rs 700 cr. Probe is on in 10 more cases

Jan Dhan Yojana: Bankers go the extra mile on Day 1

Bankers work overtime to meet 1.5 crore enrolment target for Day One

Universal financial access faces multiple challenges

While the banks are integrating their systems to ensure that one person does not open multiple accounts, claims processing could be a concern

Features Rss icon

Sudhir Kumar Jain

Can public sectors banks clean up the rot within?

Bogged down by inefficient boards, public sector banks have got mired in mounting bad loans and rising corruption. The arrest of the Syndicate ...

Why capping own ATM usage is not a good idea

Instead of encouraging customers to adopt technology, RBI's latest move may mean more crowding at bank branches

NPAs of PSBs could rise on tighter asset sale norms

Restructured assets of SBI, Canara Bank, BoI could rise as they have been aggressive in selling bad loans

Bandhan, India's newest bank, takes shape

As it prepares for a transformation from a microfinance institution to a bank, Bandhan plans to stick to its Grameen model, creating a unique ...

Mobile banking: Govt banks fail to tap the cost advantage

Most govt banks apart from SBI have failed to excite their huge customer base on the benefits of mobile banking

Money & Forex Rss icon

Rupee weakens, but sentiment strong a year after record lows

The rupee edged higher by 0.08% in August, snapping a two-month falling trend

Rupee trades marginally lower on month-end dollar demand

Most Asian currencies are trading stronger against the dollar

Indian firms might raise $13-14 billion through global bonds in 2014, says Moody's

Says an improved economic outlook for the country has increased investor appetite for Indian credits

Rupee softens by 2 paise vs dollar to end at 60.45 in dull trade

Renewed dollar demand from importers, mainly oil refiners, to meet their month-end obligations weighed on the rupee value

Policy Watch Rss icon

RBI may cut rates by 75-100 bps starting early 2015: BofA

Says it expects a rate cut even if the US Fed hike rates

Inflation targeting: Rajan's stance risks stand-off with govt

Reserve Bank of India (RBI) Governor Raghuram Rajan has set himself a target of lowering consumer inflation and is even ready to raise rates to ...

RBI signal in policy review: Forget rate cut this year

Inflation-wary Rajan maintains pause on repo rate; 50-bp SLR cut to release Rs 40,000 cr

RBI monetary policy: Save now to spend later

Deposit rates will come down before lending rates

Editorial Comment Rss icon

Lure of lucre

Public-sector banks need robust rewards and penalties

Fixing asset reconstruction processes

Are distressed assets being dealt with effectively?

Columnists Rss icon

Rajiv Lall

Rajiv Lall: 'Minimum government, maximum governance' in public sector banks
Rajiv Lall

The Bharatiya Janata Party regime will have to make good on this election slogan to restore state-owned banks to health

Jaimini Bhagwati

Jaimini Bhagwati: BRICS and the coming crash
Jaimini Bhagwati

In the event of major capital outflows from India, a BRICS Bank and reserves-sharing agreement would be a big help

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10-year gilt yield (%)

Banking Data

Instrument 28/08/2014 1 year ago
Call Rate 8.85 10.25
5 yrs GSec 8.59 9.28
10 yrs GSec 8.57 8.98
Bank rate 9.00 10.25
PLR 11.00/15.75 11.00/15.75
Deposit rate 8.00/9.05 8.00/9.00