EghtesadOnline: India is planning to introduce a new monetary-policy tool in the coming financial year to better manage a banking system swimming in excess cash, people familiar with the matter said.

EghtesadOnline: India’s trade with Iran is yet to be fully normalized even a year after the lifting of international sanctions on Tehran.

EghtesadOnline: India's biggest lender by assets, State Bank of India, could tap capital markets next fiscal year to raise up to $1.5 billion, its chief said on Friday, though it first needs to complete a planned merger with its subsidiary banks.