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Two wheeler insurance policies may get cheaper, easier to buy

Irda sets three-year term for third party covers, bars revision of premium during currency of policy

ICICI Bank plans to add more than 1.5 million accounts in FY15

At the start of this year, the bank has also launched Tab banking for its rural customers

New 10-year G-sec yet to become top traded security

Only once, on August 14, did the new bond maturing 2024 and issued on July 28 have the highest trading volumes

RBI warns banks against flouting credit card security norms

RBI said that online transaction must be done in Indian currency through a bank in India

Corp Bank skipped FinMin norms while nominating board candidates

Two of nine candidiates already completed several terms in PSBs, bank says ministry guidelines only advisory and not mandatory

Features Rss icon

Sudhir Kumar Jain

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 ...

Why capping own ATM usage is not a good idea

Instead of encouraging customers to adopt technology, RBI's latest move may mean more crowding at bank branches

NPAs of PSBs could rise on tighter asset sale norms

Restructured assets of SBI, Canara Bank, BoI could rise as they have been aggressive in selling bad loans

Bandhan, India's newest bank, takes shape

As it prepares for a transformation from a microfinance institution to a bank, Bandhan plans to stick to its Grameen model, creating a unique ...

Mobile banking: Govt banks fail to tap the cost advantage

Most govt banks apart from SBI have failed to excite their huge customer base on the benefits of mobile banking

Money & Forex Rss icon

Forex reserves rise by $43.3 million to $319.39 billion

FCAs increased by $54.7 million to $292.101 billion

RBI's foreign exchange reserves rise by $43.3 mn

Foreign currency assets, a key component of reserves rose by $54.7 mn to $292.10 bn

Rupee hits three-week high; gains for third straight week

It closed at 60.46 per dollar compared with 60.67 in the previous session

RBI says will conduct frequent term repos for flexible cash management

But retains overall borrowing limit for lenders

Policy Watch Rss icon

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 ...

RBI signal in policy review: Forget rate cut this year

Inflation-wary Rajan maintains pause on repo rate; 50-bp SLR cut to release Rs 40,000 cr

RBI monetary policy: Save now to spend later

Deposit rates will come down before lending rates

RBI's priority remains inflation: India Inc

The Reserve Bank of India keeping interest rates unchanged in its monetary policy review on Tuesday, chief executives said it was trying its ...

Editorial Comment Rss icon

No easy routes to financial inclusion

Financial inclusion must be set up to pay for itself

Bad loans and worse

Restructuring bank boards, better supervision need of the hour

Columnists Rss icon

Jaimini Bhagwati

Jaimini Bhagwati: BRICS and the coming crash
Jaimini Bhagwati

In the event of major capital outflows from India, a BRICS Bank and reserves-sharing agreement would be a big help

Jamal Mecklai

Jamal Mecklai: Dr Rajan and me
Jamal Mecklai

Towards the end of May, I had written an article ("Stay close to the exits") about my increasing nervousness about the lack of any nervousness ...

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10-year gilt yield (%)

Banking Data

Instrument 22/08/2014 1 year ago
Call Rate 7.40 10.20
5 yrs GSec 8.59 8.79
10 yrs GSec 8.51 8.44
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