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RBI urges companies to hedge FX exposure

This, in order to fortify the country's defences against any risk of currency turmoil

RBI deputy governor welcomes Airtel, Kotak Mahindra Bank tie-up

Says commercial viability and the business proposition of banks, if married to distribution and technology of telcos, can work wonders for ...

Irdai to see top level exits in next few months

Whole-time members of non-life, finance & investment and distribution due to leave, retire

Government invites applications for membership at Irdai

Applications have been invited for the positions of member-life, member-non life and member-finance & Investment

Send money 24x7 using only your phone's address book

HDFC Bank's new app to allow customers transfer money to phone contacts

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

Rupee falls most in six weeks to 61.88 against dollar

Asian currencies weakened on Thursday after the US Federal Reserve boosted its assessment of the economy, spurring gains in the greenback

Rupee logs worst drop in 7 weeks, down 45 paise at 61.86

Dollar demand from importers, mainly oil refiners affected the currency

Rupee down 12 paise against dollar in late morning trade

The local currency hovered in a range of 61.42 and 61.54 during late morning trade

India not ready for full capital account liberalisation: RBI deputy governor

Currently, foreign investors can buy upto $81 billion of Indian debt

Policy Watch Rss icon

Market sees liquidity easing measures from RBI in monetary policy review

Overnight rates stay firm despite repo rate cut last month

RBI needs to show strong resolve in boosting growth

The massive fall in global oil prices, though surprising, augurs well for India. Initially, oil prices were expected to bounce back sharply

Market entities eye rate cut on Feb 3

Govt's renewed assurance on fiscal consolidation gives RBI room to cut further

RBI expected to pause in February policy review

We expect the Central bank to pause during the February 2015 monetary policy review, while maintaining a dovish tone, and resume cutting the ...

Editorial Comment Rss icon

The currency conundrum

A clear case for applying brakes on rupee appreciation

The value of consistency

RBI must adhere to a course once selected

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 29/01/2015 1 year ago
Call Rate 6.78 7.95
5 yrs GSec 7.71 8.82
10 yrs GSec 7.71 8.73
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