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SBI signs $152-million export line of credit with Japanese bank

Agreement was signed by SBI Chairperson Arundhati Bhattacharya and JBIC Governor Hiroshi Watanabe in Tokyo

Reliance Cap to pursue its banking ambitions

Nippon Life to be partner in proposed Reliance Bank

LIC launches single premium policy

Jeevan Shagun offers multiple benefits

HDFC Life launches modified Health Assure Plan

Available in two variants, Gold Plan and Silver Plan

United Bank of India declares Kingfisher Airlines wilful defaulter

The classification indicates the besieged airline has defaulted on repayments despite having the funds to do so

Features Rss icon

Sajjid Chinoy: Raghuram Rajan's principled pragmatism

Inflation targeting is precisely consistent with the transparency and predictability that the Governor pledged on day one

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 ...

Money & Forex Rss icon

Rupee flat ahead of SC verdict on coal blocks

Gains in domestic share market aid rupee, but mood cautious

RBI's foreign exchange reserves fall by $810.7 mn

Foreign currency assets, a key component of reserves fell by $783 mn to $291.32 bn

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

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

Debashis Basu

Debashis Basu: Narendra Modi's Jan Dhan - what's new?
Debashis Basu

Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party ...

R Gandhi

What is shadow banking?
R Gandhi

In advanced economies where the financial system is more matured, the form of shadow banking is more of risk transformation through ...

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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