Panneerselvam asks banks not to allow anyone to operate party accounts

Tamil Nadu Chief Minister O Panneerselvam on Wednesday insisted that he continued to be All India Anna Dravida Munnetra Kazhagam treasurer and wrote to two banks in Chennai not to allow anyone......

Rs steady against $ in CY24, weakens vs euro, pound

The rupee has remained largely stable against the US greenback in the current calendar year (CY 2024), depreciating by just 0.59 per cent so far. Illustration: Dominic Xavier/Rediff.com However,......

Banks turn to CD issuances in September amid sluggish deposit growth

Facing sluggish deposit growth, banks turned to issuing certificates of deposit (CDs) in September to mobilise funds. Illustration: Uttam Ghosh/Rediff.com Banks have issued Rs 1.35 trillion worth......

Banks Caught In A Trap

The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay. Illustration: Uttam Ghosh/Rediff.com The earnings......

Banks report muted treasury book gains

Banks reported muted treasury gains during April-June of FY25 (Q1FY25) following Reserve Bank of India’s (RBI’s) revised norms on investment portfolio effective from April 1, 2024,......