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Benchmark yield ends at 7.83%; traders cautious ahead of RBI decision

Ahead of the Reserve Bank of India’s RBI monetary policy announcement on Wednesday, bond market dealers are expectedly cautious, though most of them expect the central bank to hike the repo rates by at least 25 basis points. The repo rate is currently at 6% after the RBI cut the rate by 25 basis points

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As economy reels under rising NPAs, banking frauds, bank officials to brief parliamentary panel today

In wake of mounting bad loans and banking frauds, top officials of both public and private banks will on Monday brief a parliamentary panel. The Indian Banks’ Association (IBA) officials have been called today to appear before the Parliamentary Standing Committee on Finance headed by Verappa Moily, according a Lok Sabha bulletin. The association has