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Lakshmi Vilas Bank cuts base rate by 0.15%

Effective from July 1, it is the second reduction by the bank this fiscal

Indian banks review clients' un-hedged Euro positions

See minimal impact as exposures are low

Greek crisis not to impact ICICI Bank: Chanda Kochhar

Country's largest private sector lender ICICI Bank today said it sees no impact of the Greek debt crisis on the bank as it has no exposure to ...

NPCI to raise Rs 100 cr

To extend shareholding to 50 more banks, ties up with JCBI for card acceptance and issuance in India

SBI steps up recovery of bad loans in retail, realty segments

Bank's gross NPAs in retail was Rs 2,528 cr at the end of March 2015 as against Rs 3,034 cr at the end of 2013-14

Features Rss icon

Life Insurance: Amitabh Chaudhry

I started working two years ago. I will have to pay tax from this year. My father is advising me to buy life insurance to save tax. What policy ...

Consensus eludes banks on debt restructuring

Reluctant small lenders and headless public sector banks make the task of lender groups difficult

Health insurance proposals: Some hits, some misses

Option to build a health fund, discount in premia for healthy behaviour and linking premium to retail inflation are some of the suggested

Banking: Jairam Sridharan

President, Axis Bank, Jairam Sridharan, answers your questionsAfter I got a letter from my bank, I presented all documents for completing the ...

Improve your insurance coverage at nominal cost

Doing so increases the cost but a number of these add-on features make sense

Money & Forex Rss icon

Rupee seen weakening further due to Greece crisis concerns

Bond yields close to 2-week high

Rupee weakens as corporates buy dollars

Greece crisis weighs, traders see rupee breaching 64 mark this week

Rupee dives 24 paise against dollar in early trade

Sustained demand for the dollar in view of the approaching month-end weighed on the rupee

Rupee might weaken this week, yields could fall

The rupee ended marginally week on Friday at 63.64 compared with previous close of 63.63 per dollar.

Policy Watch Rss icon

RBI may cut policy rate 25 bps on Aug 4 if rains remain normal: BofA-ML

According to the global financial services firm, 'agflation' is in check and the June CPI inflation is may stay soft at 5.2%

RBI to cut rates by 25 bps in fourth quarter: poll

Will wait to see how the monsoon affects food prices, say economists

Rajan signals pause after 25-bp rate cut

EMIs set to become cheaper with SBI, others trimming base rates

Stocks on crash course as Sensex falls 660 points

The broader-based National Stock Exchange's Nifty index ended at 8,236.45, down 196.95 points or 2.34% over the previous day's close

Editorial Comment Rss icon

Simply infusing more funds won't solve problems of PSBs

NPAs are an open wound, from which the bleeding needs to be stopped before more capital is transfused

Recapitalisation of PSU banks must be based on performance

It is far more efficient to give more capital to each of a few relatively healthy banks than to spread it thin over all of them

Columnists Rss icon

Abheek Barua & Bidisha Ganguly

Abheek Barua & Bidisha Ganguly: Diffident US and obstinate Greece
Abheek Barua & Bidisha Ganguly

Apart from the US Federal Reserve, which is yet to make up its mind on an interest rate hike, the markets stayed on edge last week due to the ...

Jaimini Bhagwati

Jaimini Bhagwati: Name defaulting companies
Jaimini Bhagwati

The promised new bankruptcy code should be passed and implemented urgently

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10-year gilt yield (%)

Banking Data

Instrument 12/06/2015 1 year ago
Call Rate 7.00 7.05
5 yrs GSec 8.08 8.41
10 yrs GSec 8.06 8.53
Bank rate 8.25 9.00
PLR 11.00/15.75 11.00/15.75
Deposit rate 8.00/8.50 8.00/9.05