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Subbarao went against panel suggestion of no repo rate cut in May

The RBI cut the key policy repo rate for a third straight time in 2013 to 7.25% on May 3, pulling it to a two-year low

SBI chairman says challenge in mid and small companies continue

The lender is reeling under bad debt of 4.75%, the highest among Indian banks, and restructured nearly $1.5 billion loans in January-March ...

SBI Q4 net profit falls 18.5%

Profit dragged down by lower interest income and higher provisions for loan losses

Bernanke offers no hint of pullback in Fed stimulus

Bernanke told the congressional Joint Economic Committee that the monetary policy is providing significant benefits

BoJ holds steady, vows market steps to curb bond turbulence

The Bank of Japan vowed on Wednesday to take necessary steps to reduce volatility in bond markets that has threatened to jeopardise the ...

Features Rss icon

Expect some correction in fixed income this week: Mahendra Jajoo

With underlying fundamentals continuing to promise further improvement, any correction should be used to create fresh positions

Bangladesh's leans on a poet's vision after Yunus

The country's apex bank is examining little known aspect of Tagore's life, as founder of micro-finance schemes too

Fixed income markets too optimistic: Mahendra Jajoo

Given the strong underlying momentum, a correction, if any, may be a good opportunity for a fresh round of buying

Prepaid debit cards: A weak link in bank security

Extensive use of such cards is making it easier for hackers to withdraw large amounts of money before detection

Indian card processor in $45-mn heist is ElectraCard: Sources

One of the credit card processing companies whose security was breached in a $45-million global cyber heist was India's ElectraCard Services, ...

Money & Forex Rss icon

Rupee pulls off 8-1/2 month lows as exporters sell

The currency closes at 55.59/60 per dollar as exporters take advantage of a spike in the dollar

Rupee falls for fourth day on weak equities, importer demand

Analysts await clues from the Fed Chairman to provide signal about a potential end to its monetary stimulus programme on Wednesday

Rupee snaps initial gain, down 4 paise

Fresh demand for dollars from importers, banks negated early gains made by the rupee

Re slumps to fresh six-month low

Inching closer to the 56-level, the rupee on Wednesday weakened by five paise to hit a fresh six-month low of 55.48 on continued dollar demand ...

Policy Watch Rss icon

RBI moots review of all bank licences on 'fit & proper' norms

Note to finance ministry says adherence to the guidelines needs to be evaluated

RBI likely to cut policy rates at its June 17 meeting

The headline wholesale inflation fell to 41-month low in April (4.89 %)

BS Poll: Reserve Bank may not cut the repo rate further next month

Thrust may be to ensure that benefits of previous cuts are passed on by reduction in lending rates

50 bps rate cut possible if monsoon is good, inflation falls further: Ashima Goyal

Q&A with external member, Technical Advisory Committee of RBI

Editorial Comment Rss icon

Sting in the tale

Lessons for RBI and banks from Cobrapost investigation

Horns of a dilemma

RBI faces contradictory signals

Columnists Rss icon

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Banks and regulator - all fall down
Subir Roy

The Cobrapost sting operation and its aftermath have driven a coach and horses through the Indian banking system's ability to comply with ...

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Corporate group-run banks: why now?
Jaimini Bhagwati

The opportunity cost of allowing firms to run banks seems to outweigh the intended higher lending and competition

Quick Links

10-year gilt yield (%)

Banking Data

Instrument 22/05/2013 1 year ago
Call Rate 7.30 8.30
5 yrs GSec 7.30 8.36
10 yrs GSec 7.17 8.55
Bank rate 8.25 9.00
PLR 11.00/15.75 11.00/15.75
Deposit rate 7.50/9.00 8.00/9.25