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An employee arranges Indian currency notes at cash counter inside a bank in Agartala

Expert View: Rupee outlook on Tuesday
Market Recap: May USDINR closed at 55.21, down 18 paise. June USDINR closed at 55.46, down 24 paise. Spot USDINR closed at 55.18 from 55.37 and traded the range of 55.01-55.36. USDINR opened weaker 55.24, tracking a weaker US dollar against the euro. Firm trend in domestic equity market also weighed on the pair. The slide below 55 level was capped by dollar purchases from oil companies and month end

Banks' net interest margins to remain under pressure
A rise in cost of deposits has resulted in a significant drop in net interest margin (NIMs) of banks in consecutive quarters. They expect NIMs to fall in the current financial year, too.

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Ahmedabad Exchange plans revived

Gujarat's defunct equity bourse, the Ahmedabad Stock Exchange (ASE), is making another attempt at revival. The exchange plans to raise Rs 50-60 crore to meet the net worth criterion set by the

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FM concerned over rising NPAs of banks

Finance Minister Pranab Mukherjee on Monday expressed concern over the rise of non-performing assets (NPAs) of banks at an “unacceptable rate”, triggered by bad debts in the real

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ICICI Bank is now top arranger of bond issues

ICICI Bank has emerged as the top arranger of domestic bond issues. The country's largest private sector bank was the number-one arranger in 2011-12, helping India Inc raise close to Rs 1,04,569 crore

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RBI eases banks' term deposit restrictions

- The Reserve Bank of India (RBI) has removed restrictions imposed on banks which earlier prevented lenders from levying penalty on customers for foreclosure of some term deposits.

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RBI Videos

Indian Economy
Indian Economy

National Wipes
National Wipes

Rate hike: Credit policy
Rate hike: Credit policy

Inflating credit policy
Inflating credit policy

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