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YES Bank launches RuPay debit card

It is a domestic debit card and will be accepted at over 190,000 ATMs and one million point of sale (PoS) terminals in the country

Monetary policy panel contours still 4-6 months away

RBI Act amendments for MPC not likely even in monsoon session

RBI allows banks to offer differential interest rates on term deposits

The central bank had proposed early withdrawal feature for term deposits earlier this month

IndusInd Bank Q4 net up 25% at Rs 495 cr; asset quality improves

The MD & CEO said that the growth was on account of core fee income rising by 29% and rise in net interest income by 18% y-o-y

Revised interest subsidy scheme for crop loans in FY16 on cards

Norms for FY15 to continue in interim

Features Rss icon

Why banks now have more officers and fewer clerks

It is to keep labour unions away and make the employees feel important

How Raghuram Rajan is remaking India's banking sector

The country's banking architecture will sport a new look, if the plans of the RBI and govt are implemented. The author traces the likely changes ...

The truth is that inclusion banking is not a viable business yet

At the regulations level, we are seeing the emergence of additional structures including small finance and payments banks

Base rate cuts to have limited impact on bank margins: Analysts

Lenders had already cut deposit rates by up to 50 bps in recent months, providing some cushion; however, credit costs and asset/liability ...

Analysts see limited impact of base rate cuts on banks' margins

Say cut in base rates were long overdue, reduction in cost of funds to aid NIMs

Money & Forex Rss icon

Foreign exchange reserves fall by $2.6 bn to $340.41 bn

Foreign currency assets dips by $2.51 bn to $316.13 bn

Rupee ends lower by 7p; ends gaining streak

It had gained 21 paise in the previous two days

Bond yields to soften further in FY16

The yield on the 10-year bond fell by 107 bps in the previous fiscal (FY15) compared with a rise of 84 bps in FY14

Rupee marginally up against dollar in early trade

Dollar weakened overseas amid a higher opening in the domestic equity market

Policy Watch Rss icon

Monetary Policy panel contours likely 4-6 months away

RBI Act Amendments for MPC not likely even in monsoon session

Rajan holds rate; banks bow to RBI pressure

ICICI Bank cuts base rate by 25 basis points; SBI, HDFC bank announce rate cuts of 15 bps; FY16 growth seen at 7.8%; Mar 2016 inflation at 5.8%

Bond Street sees one cut, then status quo

Yield on 10-year benchmark rose 7 bps, indicating expectations of sizeable rate cuts have significantly come down

RBI, banks differ on calculation

Bankers call repo rate a blunt tool, cite practical difficulties in moving towards marginal cost of funds-based method

Editorial Comment Rss icon

Refinance 2.0

Risks and responsibilities of Mudra Bank

RBI puts onus on banks

Policy transmission through fiat may be regressive

Columnists Rss icon

Daniel Gros

Daniel Gros: Money for nothing
Daniel Gros

The developed world seems to be moving toward a long-term zero-interest-rate environment. Though the United States, the United Kingdom, Japan ...

Rohit Lamba, Sutirtha Roy & Arvind Subramanian

Rohit Lamba, Sutirtha Roy & Arvind Subramanian: Five questions on India's credit
Rohit Lamba, Sutirtha Roy & Arvind Subramanian

India's credit and banking are neither too big nor too small

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10-year gilt yield (%)

Banking Data

Instrument 17/04/2015 1 year ago
Call Rate 6.50 8.00
5 yrs GSec 7.78 8.93
10 yrs GSec 7.81 9.12
Bank rate 8.50 9.00
PLR 11.00/15.75 11.00/15.75
Deposit rate 8.00/8.75 8.00/9.25