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ICICI Bank looks to grow mobile banking transactions by 500% to Rs 80,000 cr in FY16

The bank recorded transactions worth Rs 16,000 cr via mobile banking platform in FY15

IDBI signs refinance agreement with Mudra Bank

The refinance scheme will be implemented through all the branches of the lender

New category of NBFCs to help cross-sell financial products

Would act as an account aggregator to enable common man to see all his accounts across financial institutions in a common format

Stressed asset ratio peaked in FY15: Fitch

The worst would be over for banks as the outlook for this financial year looks better, on account of a more favourable economic environment

Volatility in financial markets worries corporate treasurers

While this is a concern for treasurers across industry sectors, it is higher in the consumer business and the energy and resources sector

Features Rss icon

Life Insurance: Amitabh Chaudhry

I started working two years ago. I will have to pay tax from this year. My father is advising me to buy life insurance to save tax. What policy ...

Consensus eludes banks on debt restructuring

Reluctant small lenders and headless public sector banks make the task of lender groups difficult

Health insurance proposals: Some hits, some misses

Option to build a health fund, discount in premia for healthy behaviour and linking premium to retail inflation are some of the suggested

Banking: Jairam Sridharan

President, Axis Bank, Jairam Sridharan, answers your questionsAfter I got a letter from my bank, I presented all documents for completing the ...

Improve your insurance coverage at nominal cost

Doing so increases the cost but a number of these add-on features make sense

Money & Forex Rss icon

Rupee ended weak snapping five-day winning streak

Rupee ended at 63.46 compared with previous close of 63.40 per dollar

Rupee halts five-day upmove; ends 6 paise down at 63.46 vs USD

The greenback's strength against other Asian currencies and lacklustre local equity markets made the rupee depreciate further, forex dealers

RBI looks to mop up liquidity to counter inflationary pressures

Official says RBI wants to nudge the call rate nearer to the 7.25% policy repo rate

Rupee extends gains, up 8 paise against dollar

Forex dealers said increased capital inflows as well as higher opening in the domestic equity supported the rupee

Policy Watch Rss icon

RBI may cut policy rate 25 bps on Aug 4 if rains remain normal: BofA-ML

According to the global financial services firm, 'agflation' is in check and the June CPI inflation is may stay soft at 5.2%

RBI to cut rates by 25 bps in fourth quarter: poll

Will wait to see how the monsoon affects food prices, say economists

Rajan signals pause after 25-bp rate cut

EMIs set to become cheaper with SBI, others trimming base rates

Stocks on crash course as Sensex falls 660 points

The broader-based National Stock Exchange's Nifty index ended at 8,236.45, down 196.95 points or 2.34% over the previous day's close

Editorial Comment Rss icon

Insuring crops: Urgent need for insurance & compensation fund

Existence of such a fund would obviate the need to announce special compensation packages

No distinction between FDI and FII a dampener for insurance sector

While raising the foreign investment limit, the government clubbed FDI and FII flows

Columnists Rss icon

Abheek Barua & Bidisha Ganguly

Abheek Barua & Bidisha Ganguly: Greece's moment of reckoning
Abheek Barua & Bidisha Ganguly

The Greek leadership is trying to convince the people that voting "no" would not necessarily lead Greece out of the euro

Subir Roy

Subir Roy: What's the new ETA for acche din?
Subir Roy

What the government can and is already seeking to do is improve the ease of doing business and facilitate investment in infrastructure. But the ...

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10-year gilt yield (%)

Banking Data

Instrument 12/06/2015 1 year ago
Call Rate 7.00 7.05
5 yrs GSec 8.08 8.41
10 yrs GSec 8.06 8.53
Bank rate 8.25 9.00
PLR 11.00/15.75 11.00/15.75
Deposit rate 8.00/8.50 8.00/9.05