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Bank Unions to intensify strike for wage settlement

UFBU will hold a strike for five days in January and an indefinite strike from March 16

IDFC to slash stake in infra debt fund to 49%

IIDF raising Rs 1,500 cr through non-convertible debentures to buy out loans to road projects

Financial viability will be a challenge for Payment Banks: Paytm

Seeks clarification from RBI on branch, corporate structure

2-level verification to be partly relaxed

Hope to see outlines of such a structure in 2 months, says dy governor; asks for initiatives to help move towards obviating use of cash for ...

FIPB clears HDFC Bank and Ratnakar Bank FDI proposals

HDFC Bank had applied for FIPB approval for expanding its equity base by up to Rs 10,000 crore and Ratnakar Bank for capital raising

Features Rss icon

NGO Rang De's peer to peer lending platform on internet makes big out of small

A micro-credit banking service is adding compassion to the concept of finance. The author finds out how

Sinking bond yields likely to ease banks' stress

Banks expected to utilise treasury gains for NPAs and employee pension provisioning

Banks in no hurry to declare wilful defaulters

Kingfisher Airlines may have been designated a wilful defaulter by its lenders, but the lengthy process and prospect of court cases deter banks

Don't replace Gandhi with other leaders on banknotes:RBI

RBI had constituted a Committee for designing future currency note in October 2010

Policy rates unchanged: Bank Nifty could correct 5-10%

There is a sweet spot in an economic cycle when the inflation is low, growth is accelerating and interest rates are falling

Money & Forex Rss icon

Rupee down 19 paise at 63.30; FM says no serious crisis

Arun Jaitley said that there was no serious crisis for the domestic currency as it was stabilising after a few days of volatility

Rupee edges up, tracks share gains

Traders expect the Indian unit to move in a 62.80 to 63.50 range

FIIs pare exposure in debt as rupee weakens

Sell off more in corporate debt rather than government bonds

Weakness in rupee likely to stay

Experts believe it is only a matter of time before the currency touches the 64-65 mark

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RBI deputy Mundra says room to cut rates if inflation eases

Says payment bank licences will be out by March or April

Rajan opens door for rate cut early next year

Repo rate kept unchanged at 8% as RBI looks for 'certainty' on inflation; central bank says rate cut can be done even outside policy review

Rajan hits out at India Inc, says RBI not against growth

'Corporate houses must improve financials to get loans at lower rates'

It's a cordial relationship with government: Raghuram Rajan

Excerpts from the media Q&A with the governor of the Reserve Bank of India

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A temporary reprieve

United States Federal Reserve gives emerging markets a breather

What does zero inflation mean for the Indian economy?

RBI should spell out its thinking on rates

Columnists Rss icon

Jaimini Bhagwati & Abheek Barua

Jaimini Bhagwati & Abheek Barua: Yes, the rupee is overvalued
Jaimini Bhagwati & Abheek Barua

Rupee volatility could be dampened if it is steadily manoeuvred to levels consistent with inflation differentials

Subir Gokarn

Subir Gokarn: The Main Thing ...
Subir Gokarn

The capital threshold for payment banks may keep out entities most appropriate for setting them up

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10-year gilt yield (%)

Banking Data

Instrument 19/12/2014 1 year ago
Call Rate 8.48 8.75
5 yrs GSec 7.90 8.82
10 yrs GSec 7.96 8.92
Bank rate 9.00 8.75
PLR 11.00/15.75 11.00/15.75
Deposit rate 8.00/9.05 8.00/9.05