The Reserve Bank had on March 26 conducted the first of forex swap auctions raising USD 5 billion promising to pay back in rupees in return, that softened the rupee-USD forward rates

The Gupta family should move away from gold and high-interest loans, and invest more in equity mutual funds, says Mumbai-based Financial Planner Pankaaj Maalde.

External benchmarking will not only expedite transmission but will also help borrowers compare future interest rates across banks.

Attempts to increase yields are making fund managers shift towards riskier securities.

Information technology platform integration alone will take about 12 months and other processes and systems may take another year or so, the official said.

Experts say it was bound to happen as the Essel group issue was highlighted two months ago and it's not a new problem. There is nothing much that investors can do.

From reviving a dormant account to understanding how to make partial withdrawals and whether to extend your PPF tenure, here's a ready reckoner:

The BBB headed by former DoPT secretary B P Sharma also suggested revamping credit governance architecture in nationalised banks to reinforce efforts to minimise credit costs and enhance efficiency of credit allocation

According to the Reserve Bank data released Thursday, bank credit rose 13.24 percent to Rs 97.67 lakh crore for the fortnight to March 29, while deposits grew by 10.03 percent to Rs 125.72 lakh crore during the same period.