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MONEY & BANKING
CREDIT CARDS & DEBIT CARDS:
Guard your card while abroad
Whether you are doing business in an increasingly interconnected world, simply going on a holiday with family and friends or embarking on that much anticipated shopping experience, there is something very exhilarating and adventurous ...
PUBLIC SECTOR BANKS:
SBI cuts deposit rates by 25 bps
To come into effect from tomorrow. Mumbai, May 2 State Bank of India has decided to pare interest rates on fixed deposits by 25 basis points across the board with effect from May 4, 2009. Post the interest rate revision, a fresh one-year fixed ...
CORPORATE BONDS:
Corporation Bank bond issue
Mangalore, May 2 Corporation Bank has proposed to issue upper tier II bonds for Rs 500 crore on private placement basis, the bank informed BSE. The annual coupon will be 8.25 per cent for first 10 years. It said that the step-up coupon rate ...
INVESTMENTS:
Long-term bond funds: Exposure driven by interest rate view
This column dated February 15, 2009 discussed why bank fixed-deposits are more optimal than short-term bond funds. In response to that article, several readers wanted to know if it is optimal to invest in long-term gilt ...
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