The decision to keep the policy rate on hold was not surprising, given RBI practically revealed its hand in the last monetary policy statement.

RBI will stay on pause mode

Business Standard

Last year, around this time, Corporation Bank shares were trading around Rs 700 while Bank of Baroda (BoB) was above Rs 1,000. One year down the line, when BoB is around Rs 700, Corporation Bank has slipped below Rs 400.
While these two lenders are not exactly comparable (Bank of Baroda is of much bigger size and reach) the challenge that confronts Corporation Bank is quite clear, and it is not surprising, in this context, that Corporation Bank has snapped up Ajai Kumar as its new chairman and

BS People: Ajai Kumar

Debt of 29 large companies could be restructured or may turn into NPLs.

Banks: Worst not over yet

Riding on the Reserve Bank of India (RBI)&rsquo;s assurance to conduct open market operations (OMOs) to address the liquidity crunch, government bonds continued their rally for the fourth day, pushing yields to a four-month low.

Bond yields drop to 4-month low

The rupee today appreciated by 37 paise to close at more-than one-week high of 52.50/51 against the dollar following a sharp rebound in local equities.

Rupee gains 37 paise Vs dollar

Press Trust of India

Government securities (G-secs) snap-ped their north-bound journey and reacted downwards on fresh selling by banks and companies.

Bonds snap rise on fresh selling

The rupee today fell by 22 paise to end at 52.72/73 against the US currency on renewed dollar demand from importers and some banks despite firm local equity markets.

Rupee down by 22 paise on fresh dollar demand

The rupee fell the most in more than a week on concern that Europe&rsquo;s debt crisis would worsen, sapping demand for emerging-market assets. Foreign funds cut holdings of local shares by $157 million in the first two days of this week, exchange data show. Yesterday, euro- area lenders sought more cash from the European Central Bank than economists estimated, reducing optimism the region&rsquo;s debt crisis would be contained.

Rupee drops most in a week 

The rupee snapped its two-session of losing string and recovered by 25 paise to close at 52.71/72 against the US currency today on fresh dollar selling by exporters and a smart rally in local equities.

Rupee up 25 paise, snaps 2-day losing streak

The rupee snapped its two-session losing string and recovered by 25 paise to close at 52.71 against the dollar on Monday, owing to fresh dollar selling by exporters and a smart rally in local equities.

Re snaps 2-session losing string

RBI&rsquo;s clamps on trade to support the rupee have dampened banks&rsquo; operations in the segment.

Currency trading on bourses dips 50% within a week

I would be going for a holiday at the end of this month. I hold $500 in cash.

Banking: Prashant Joshi

The raising of its savings deposit rates after the deregulation in October has helped IndusInd Bank grow these accounts by 10 per cent. Further, while most of its peers are pruning their loan growth estimates due to the tough macroeconomic scenario, IndusInd remains optimistic. The management says it expects loan growth of 25 per cent over the next two years.

Banking on rural demand, CV loans

The rupee today closed lower by 31 paise at Rs 53.02/03 against the US currency on fresh month-end dollar demand from importers, amid weakness in the local equity market.

Rupee falls on dollar demand

Recovering from early lows, the rupee today closed higher by 5 paise at 52.97/98 against the US currency on fag-end dollar selling by some banks and exporters.

Rupee recovers modestly by 5 paise Vs dollar

Recovering from early lows, the rupee on Wednesday closed higher by five paise at 52.97/98 against the US currency on fag-end dollar selling by some banks and exporters.

Rupee stages modest recovery

In a volatile trade, the rupee fell by 10 paise to close at nearly two-week low of 53.07/08 against the US currency following good dollar demand from importers amid weak local stocks.

Rupee ends 10 paise down Vs dollar

The rupee fell by 10 paise to close at a nearly two-week low of 53.07/08 against the dollar. Continued capital inflows, however, capped the downslide. The domestic unit opened sharply lower at 53.35/36 a dollar against the previous close of 52.97/98. Later, it fell further to the day&rsquo;s low of 53.51 on sluggish local stocks.

Rupee declines in volatile trade

The Indian rupee today shed a marginal three paise to settle a roller-coaster 2011 at 53.10/11 against the US dollar.

Rupee sheds 3 paise Vs dollar

While the near-term outlook remains healthy for top private banks, ICICI Bank and Axis Bank are trading at attractive valuations vis-a-vis HDFC Bank, say analysts.

Standing out in a tough environment

The rupee completed its first monthly gain since July, after the central bank increased interest rates and Europe stepped up efforts to contain a debt crisis that drove funds from emerging-market assets.

Rupee completes monthly gain

Financial Analysis: Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

Finance News Analysis, Financial Analysis and Research | Business Standard

Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

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