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Corporation Bank to raise Rs 500 cr from Tier 1 bonds

The fund would be raised from unsecured subordinated Additional Tier I Basel III compliant non-convertible taxable bonds

India turns to corner shops, mobile phones for banking revolution

Payment banks are expected to make it easier to send money home, collect state benefits or do business deals

Festive season fails to cheer NBFCs as business growth remains muted

Few industry players say the festive season was also muted because Dussehra and Diwali were in the same month

Forex reserves: better positioned?

With India's foreign exchange reserves touching an all-time high of $322 billion, the import cover has increased to eight-and-a-half months, ...

HDFC Bank launches 11 toll-free numbers to cater to 32 nations

The toll-free numbers are intended to provide enhanced convenience and accessibility for customer travelling overseas

Features Rss icon

Burger flippers in the US make about as much as state bank chiefs in India

Low wages at state-owned banks had prompted more than a million employees to threaten a four-day strike starting Monday

Re-rating likely for PSBs as asset quality issues abate

Asset quality issues abate; lower interest rates, marginal pick-up in credit demand to drive earnings

Total external debt goes up in first half of FY15

Short-term debt declined 3.2 per cent to $86.4 billion and long-term debt rose 4.7 per cent to $369.5 billion in the six months ended September

TMB strives for growth despite troubles

For investors, TMB is one of the most sought-after banks for its steady profitable streak since inception

NPA recovery: Cases rise sharply, but recovery drops

Only 18% of total debt recovered; Govt should move to make laws tougher at the earliest

Money & Forex Rss icon

Foreign exchange reserves now at all-time high

The reserves rise $2.67 bn for the week ending Jan 16 to $322.14 bn

ECB liquidity drive to offset Fed tapering impact: BofA-ML

The ECB announcement of monthly bond buying of euro 60 billion will help offset the impact caused by a likely tightening by the US Fed

Rupee ends higher by 28 paise at 61.42

The currency ended higher on fresh selling of dollars by banks and exporters on persistent foreign capital inflows into equity market

Forex reserves hit all-time high at $322.14 billion

The reserves had surged by $236.4 million to $319.475 billion in the previous week

Policy Watch Rss icon

RBI's move signals beginning of shift in monetary stance: FinMin

FinMin says move to perk economy

Rate cut impact: Corporate India wants more rate cuts

Though CEOs questioned the size of the cut, the consensus is that Rajan is moving in the right direction

Rate cut impact: Rally in bonds likely to continue in 2015

The yield on the 10-year benchmark bond fell to 7.66% in early trades before closing at 7.70% compared with the previous close of 7.77%

RBI cuts welcome: Indranil Sen Gupta

The question has naturally shifted from "...when will the RBI cut..." to "...how much will it cut..."

Editorial Comment Rss icon

A logical response

After RBI's rate cut, Budget must show fiscal tightening

The banking agenda

Follow-up steps needed to end government interference

Columnists Rss icon

Debashis Basu

Debashis Basu: Regulators versus customers
Debashis Basu

You walk into a bank to roll over a fixed deposit (FD). After you take your seat, the bank executives suggest that instead of continuing to ...

Abheek Barua & Bidisha Ganguly

Abheek Barua & Bidisha Ganguly: The re-emergence of 'Grexit' fears
Abheek Barua & Bidisha Ganguly

Despite the hard calculus of costs and benefits, letting Greece stray from the fold will be a tough call

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10-year gilt yield (%)

Banking Data

Instrument 23/01/2015 1 year ago
Call Rate 7.75 8.10
5 yrs GSec 7.66 8.62
10 yrs GSec 7.70 8.77
Bank rate 8.75 8.75
PLR 11.00/15.75 11.00/15.75
Deposit rate 8.00/8.75 8.00/9.10