Banks not excited on wider market for stressed assets
Banks want effective turnaround plan for the stressed sectors and companies which is yet to be seen
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The common man's central banker
Beside bringing central banking to India's drawing rooms, Raghuram Rajan also built the RBI's credibility when other global central banks were ...
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New 10-year govt bonds issued at 6.97 per cent
This is the first time since July 2009 that a benchmark 10-year bond has been issued at below seven per cent coupon rate
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Forex reserves dip $392.6 million
Last week, reserves had increased by a healthy $1.346 billion to touch a record high of $367.169 billion
NEWS
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RBI will have different priorities after Raghuram Rajan: Deutsche Bank
It said the Indian economy has been afflicted by a multitude of global shocks in recent years
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Raghuram Rajan argues for RBI autonomy in last public speech as RBI governor
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Ganesh mandals secure bumper insurance for festival
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Indian banks' loans rose 9.6 per cent y/y in two weeks to Aug 19
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FEATURES
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Delays in Indradhanush rollout for PSBs draw flak
An year on, PSB executives and analysts say the plans are drifting, even as they praise the government's objective
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How RBI reaches currency notes and coins to the people
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Banks face a growth dilemma
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RBI finally shuts the doors on corporate houses' bank licence hopes
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MONEY & FOREX
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New 10-year govt bonds issued at 6.97 per cent
On Friday, rupee closed at 66.83 a dollar and foreign exchange reserves stood at $366.77 billion
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Rupee up 13 paise at 66.82 on dollar selling
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New 10-year bond issue may be about 7%
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Rupee jumps to one-mth high on strong RBI macro view
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Banking Data
Instrument | 02/09/2016 | 1 year ago |
Call Rate | 6.20 | 6.50 |
5 yrs GSec | 7.01 | 7.91 |
10 yrs GSec | 7.04 | 7.75 |
Bank rate | 7.00 | 8.25 |
PLR | 11.00/15.75 | 11.00/15.75 |
Deposit rate | 7.00/7.50 | 7.25/8.00 |
COLUMNISTS
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A V Rajwade: Overselling neoliberalism A V Rajwade
Income inequality and reduced growth apart, it leads to volatile exchange rate, which hampers trade and therefore growth
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Nitin Desai: On inflation targeting Nitin Desai
It is just one element of the new architecture of macroeconomic policy. Much more is required to shore up the economy
EDITORIAL COMMENT
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Bandhan's first year
Can the bank sustain its track record?
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Mr Rajan's swansong
His last policy review raises hope for continuity in RBI's actions