FCNR redemptions won't be disruptive, say bankers

There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed Starting the middle of this month and peaking between October and November, foreign......

Term deposits in HDFC, ICICI bank to now fetch you lower returns

Smaller lender Yes Bank may also join the fray. Two of the biggest private sector lenders ICICI Bank and HDFC Bank have effected a cut of up to 0.50 per cent in term deposit rates following tepid......

RBI status quo on rates, CRR expected: Bankers

Bankers on Thursday said the status quo in the monetary stance of the Reserve Bank is largely on expected lines taken after considering the tight liquidity situation and overall cooling inflation......

Get ready to pay more for loans!

Bankers on Tuesday indicated that the 25 basis point hike in the percentage of cash that banks must hold in reserve was hardly enough to soak up excess liquidity, but some banks may still hike......