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India needs more banks, but bigger banks too: Citi India CEO

Says banks in India remain smaller than their peers globally and therefore there was a strong case for larger banks

ING deal precursor to 'Achche Din': Uday Kotak

Says the Rs 15,000-crore merger will create a world-class financial institution of size and scale

RBI asks banks to be cautious on inoperative account payments

Also asked banks to carry out proper due diligence in accordance with risk category of the customers

Kotak-ING Vysya merger: Old pvt banks get thumbs up

Many were up between 3-6%, even as an index tracking banking sector hit an all-time high

No hasty steps on ING Vysya, says Kotak

Says after acquiring, no rush to cut costs

Features Rss icon

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 ...

Asset quality stress persists as state-run banks report mixed earnings

Bankers cautioned that asset quality stress might continue in coming quarters, leading to erosion in their profitability

Smart banks ride the e-wave

Foreign and new-age private sector banks have taken the lead in facilitating online transactions

Flood of complaints refuses to recede

There are umpteen cases where travel websites and airlines advertise tickets for unbelievably low prices, without mentioning taxes and other ...

Money & Forex Rss icon

Yen weakens to 7-year low

The yen tumbled 1.3% against the dollar this week in New York

Forex reserves up $419 mn

Gold reserves remained unchanged at $19.74 bn

Rupee gains on record high shares

Is seen in a 61.80 to 62.00 range until close

Rupee at 9-mth low

The previous low for rupee was 62.45 intra-day on February 20, 2014

Policy Watch Rss icon

RBI unlikely to cut rate in next policy review: SBI chief

With moderation in inflation, there is a widespread expectation that RBI will cut interest rate in its upcoming bi-monthly monetary policy

RBI to be dovish on Dec 2, but rate cut in Feb only

Report sees RBI achieving its inflation target of 8% by Jan 2015 and 6% by Jan 2016

RBI dashes hopes of a rate cut for now

Rajan's deputy Khan cautions against early celebration of falling inflation, unhedged forex exposure

RBI deputy says 'long way' to go before inflation eases

Says reasons for elevated food prices remain 'structural'

Editorial Comment Rss icon

Banking blues remain

State Bank of India makes the best of a negative macro scene

Why the RBI should not select bank chiefs

The central bank's role in selecting bank chiefs will give rise to conflicts of interest

Columnists Rss icon

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

Akash Prakash

Akash Prakash: RBI should wait to cut interest rates
Akash Prakash

It is just building credibility as an inflation-fighter, and should not cut rates at the first sign inflation is easing

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10-year gilt yield (%)

Banking Data

Instrument 21/11/2014 1 year ago
Call Rate 7.50 8.70
5 yrs GSec 8.17 8.65
10 yrs GSec 8.16 9.10
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