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PSBs need up to $37 bn capital to meet Basel-III norms

According to Moody's, low capital levels remain a key credit weakness for the public-sector bank

White-label ATM growth in limbo over PSB response

Low interchange fee, high operation costs make financial viability tough

IFCI to raise Rs 2,000 cr via long-term bonds in Q3

IFCI's ability to raise funds at competitive cost through capital market instruments would be critical for its competitiveness

PNB approves 1:5 share split to increase liquidity of scrip

Bank's boards in its meeting on Sept 19 discussed various options of raising capital to meet Basel-III norms

IFCI to partly divest stake in Tourism Finance Corporation

TFCI is another Delhi-based public financial institution set up to cater to financial needs of tourism industry

Features Rss icon

Life Insurance: Anuj Agarwal

I am 23 and have started working in June this year. I want to buy a life insurance policy but don't know which policy to buy. Please help.It is ...

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

Money & Forex Rss icon

Rupee ends a paisa up at 60.82

The currency is expected to appreciate in coming days tracking gains in local equities, says Veracity Group CEO

Rupee flat in morning trade, shares eyed

Traders see rupee in a 60.65 to 60.85 range

Forex reserves near 3-mth low

During the week ending September 12, the reserves fell by $1.62 billion to $315.70 billion, the data show

Rupee slips, pound gains weight

The effect on the rupee was through the trading dynamics of global currencies

Policy Watch Rss icon

Street expects RBI to hold rate for entire year

60% respondents to a Business Standard poll don't see a change in repo before March-end

StanChart doesn't expect RBI to cut policy rates in near-term

RBI is scheduled to announce its bi-monthly monetary policy review on September 30, 2014

Raise policy rate to contain inflation: IMF to Reserve Bank of India

Ahead of the Reserve Bank of India (RBI)'s monetary policy review on September 30, the International Monetary Fund (IMF) has suggested the ...

Ahead of policy review, Rajan rules out repo cut

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

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

Indira Rajaraman

Indira Rajaraman: Transparency as cure
Indira Rajaraman

Transparent disclosure of project clearances and delays is needed to restore the health of the banking system

Subir Gokarn

Subir Gokarn: Global silver linings
Subir Gokarn

The macroeconomic environment is looking better and likely to stay that way

Quick Links

10-year gilt yield (%)

Banking Data

Instrument 22/09/2014 1 year ago
Call Rate 7.20 9.00
5 yrs GSec 8.47 8.57
10 yrs GSec 8.44 8.25
Bank rate 9.00 9.50
PLR 11.00/15.75 11.00/15.75
Deposit rate 8.00/9.05 8.00/9.00