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Bank credit growth falls below 10% after 5 years

Bank credit had last grown at a sub-10% rate in October 2009 (9.01%)

Insurance regulator diktat on J&K flood cover claims

This exemption is valid for a period of two months from the date of this order

Canara HSBC OBC Life launches CHOICeNET

Company has already implemented several online facilities within its customer portal for net-savvy customers of all three banks

CCI rejects complaint against insurance regulator Irda

A complaint had alleged that banks in insurance retailing sector were imposing unfair conditions on financed clients to purchase insurance ...

SBI cuts medium-term deposit rate by 25 bps

Simultaneously, the bank has hiked the deposit rate by 25 basis points in the 180-210 days category to 7.25%

Features Rss icon

Divergent monetary policies positive for India

Inflows from Europe, falling crude oil to come to the rescue if rupee cracks against the dollar

Rupee outlook: Barring a few intermittent spikes, rupee to trade in 60-62 range

The rupee has witnessed remarkable stability over recent months and its volatility is at multi-year lows. This is in sharp contrast to last ...

One year of Raghuram Rajan: A spring in his step

The Governor, who completes one year in RBI on Wednesday, has stabilised the rupee and is getting a fix on inflation. Next on his agenda: ...

Sajjid Chinoy: Raghuram Rajan's principled pragmatism

Inflation targeting is precisely consistent with the transparency and predictability that the Governor pledged on day one

Can public sectors banks clean up the rot within?

Bogged down by inefficient boards, public sector banks have got mired in mounting bad loans and rising corruption. The arrest of the Syndicate ...

Money & Forex Rss icon

Rupee jumps 13 paise vs dollar ahead of US Fed policy meet outcome

A weak dollar overseas aided the rupee rise while fresh sell-off by foreign funds in domestic stocks capped the currency's gains

Rupee gains for second straight session on Fed rate hopes

It ended at 60.93 per dollar, compared to its close of 61.06 on Tuesday

Rupee flat ahead of Fed meeting

Asian currencies are mostly up versus the dollar

Rupee gains ahead of Fed meet

It ended at 61.05 per dollar, compared to its close of 61.13 on Monday

Policy Watch Rss icon

Ahead of policy review, Rajan rules out repo cut

Asks govt to free diesel prices, says economic recovery still uneven

RBI to hold rates on Sept 30, may cut in Feb: BofA-ML

Consumer Price Index based inflation is peaking off and expected to be around 7.5-8% in Sept

RBI may cut rates by 75-100 bps starting early 2015: BofA

Says it expects a rate cut even if the US Fed hike rates

Inflation targeting: Rajan's stance risks stand-off with govt

Reserve Bank of India (RBI) Governor Raghuram Rajan has set himself a target of lowering consumer inflation and is even ready to raise rates to ...

Editorial Comment Rss icon

The governor's year

Raghuram Rajan has done well, but his task is incomplete

Lure of lucre

Public-sector banks need robust rewards and penalties

Columnists Rss icon

Abheek Barua

Abheek Barua: Super Mario's not so super plans
Abheek Barua

ECB boss Mario Draghi's measures on deposit rates and asset-backed securities might not work unless the euro zone's economies revive

Akash Prakash

Akash Prakash: Bond bears are wrong
Akash Prakash

It is not rising yields that will torpedo the bull market in financial assets

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10-year gilt yield (%)

Banking Data

Instrument 17/09/2014 1 year ago
Call Rate 7.95 10.25
5 yrs GSec 8.51 8.88
10 yrs GSec 8.49 8.40
Bank rate 9.00 10.25
PLR 11.00/15.75 11.00/15.75
Deposit rate 8.00/9.05 8.00/9.00