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Deposit growth tapers as investors put money in gold, MFs

Data shows that AUM in liquid funds has increased 51% m-o-m

RBI's payment bank norms to deepen financial inclusion

But RBI denies them entry into small banks; removes geographical restrictions

FM revises account opening target under Jan Dhan to 100 million

The initial target was 75 million. As of Nov 25, 80 million accounts have already been opened

Bandhan to use SMS tech for rural banking

When microfinance firm Bandhan commences banking operations, likely in early 2015, it hopes to service its first clients through the most ...

Euronet India may apply for payment bank licence

Gets RBI approval to enter remittance market

Features Rss icon

Banks propose fund to cure power sector's woes

As banks struggle with high levels of exposure to the sector, a separate fund for power projects is seen as the next best solution

Debt recast or postponing the inevitable?

RBI in no mood to extend regulatory forbearance

Fixed income outlook: Indian bonds to remain in vogue for next few quarters

In the past two months, bond yields have drifted lower across the yield curve to the tune of 40-45 basis points (bps), despite the lack of ...

RBI norms puts NBFCs' survival in question

The regulatory arbitrage that non-banking finance companies were enjoying over banks is going to be over by 2018 following new norms from RBI

New NBFC regulations: It's advantage banks

There is little doubt that RBI's effort will reduce arbitrage between NBFC and banks, but in the end the scale is clearly tilted towards the ...

Money & Forex Rss icon

Rupee falls, tracks broad dollar gains

Month-end dollar demand from importers is likely to hurt the Indian unit

Month-end dollar demand hurts rupee

Rupee seen moving in a 61.70 to 62.10 range until RBI policy

Rupee edges up against dollar

At the forex market, the domestic unit commenced a tad higher at 61.85 a dollar from previous close of 61.86

Rupee edges up against US dollar to end at 61.84

Firm dollar overseas and sustained capital inflows, however, restricted the rupee rise

Policy Watch Rss icon

Is the recent disinflation cyclical or structural?

If and when growth accelerates pricing power and core will likely pick-up, unless input costs continue to moderate. Oil prices could easily ...

Analysts see status quo on Tuesday

Say the RBI may cut rates only next year

RBI will acknowledge improved outlook for inflation: CLSA

But says rates will likely be kept on hold

Wait till April for rate cut by RBI: BS Poll

Despite inflation easing, experts see RBI maintaining status quo on Dec 2

Editorial Comment Rss icon

Banking on thin ice

Explicit condemnation of large defaulters welcome

Premature exuberance

The risks of cutting rates too soon

Columnists Rss icon

Andy Mukherjee

Andy Mukherjee: Go easy, RBI
Andy Mukherjee

Cutting interest rates now would have few risks, and several benefits

Subir Gokarn

Subir Gokarn: Can our banks finance the economic recovery?
Subir Gokarn

The banking system's capacity to finance the ongoing recovery may become a constraint

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10-year gilt yield (%)

Banking Data

Instrument 27/11/2014 1 year ago
Call Rate 7.50 8.25
5 yrs GSec 8.17 8.65
10 yrs GSec 8.15 8.86
Bank rate 9.00 8.75
PLR 11.00/15.75 11.00/15.75
Deposit rate 8.00/9.00 8.00/9.05