Bank Rate

Raghuram Rajan can't fix nine-and-a-half years of ruin

A new man with a new message always raises hopes; but Raghuram Rajan cannot single-handedly change our economic destiny.

Forget interest rate cut, Crisil sees higher bad loans for banks

CII president Kris Gopalakrishnan said Corporate India "drew heart" from the RBI statement that had it not been for the rupee volatility, rates could have been reduced, since inflation had started to moderate.

To protect rupee, RBI tightens liquidity; interest rates seen rising

The Reserve Bank of India (RBI) announced measures late on Monday to curb the rupee's decline by tightening liquidity and making it costlier for banks to access funds from the central bank.

Why Chidu and Subbu still can't see eye-to-eye

The gap between North Block, the FM's lair, and Mint Street, where the RBI makes monetary policy, is still wide despite a sharp deceleration in growth

Poor returns, supply overhang: No takers for tax-free bonds

The market for tax-free bonds will now be limited to the super rich and retail investors, while insurance firms and mutual funds may stay off because they are not taxed on the interest income or coupon of the debt they buy.

RBI hikes bank rate after nine years to 9.5%

After a gap of nearly nine years, the Reserve Bank has increased the bank rate by 3.50 percentage points to 9.5 percent with immediate effect.