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MONEY & BANKING
INTEREST RATES:
SBI cuts deposit rates by 25 basis points across the board
Decision on lowering lending rates may be taken soon. State Bank of India on Saturday announced an across-the-board 25 basis point cut in deposit rates effective June ...
MERGERS & ACQUISITIONS:
Chakrabarty: Time not ripe for consolidation
Financial inclusion is more important. New Delhi, June 13 The time is not ripe for consolidation of banks, the outgoing Chairman and Managing Director of Punjab National Bank, Dr K. C. Chakrabarty, has ...
CREDIT CARDS & DEBIT CARDS:
Earn as you spend via card
Credit cards come with the convenience to shop now and pay later. But credit cards are more than just a payment tool. If used wisely, they can help you get up to 10 per cent return on your spend. How? Welcome to the world of loyalty ...
MORTGAGE:
Reverse mortgage fails to move forward
Financing marriage expenses is not as Herculean a task as before, thanks to the reverse mortgage facility for senior citizens. “This facility has helped me conduct my daughter’s marriage without bothering too much about ...
NBFCS:
IFRS adoption: It may be tougher for financial companies
The implementation of the International Financial Reporting Standards (IFRS) may turn out to be very challenging and cost consuming for financial companies as it will deal with more complex auditing systems, according to Mr P.R. Ramesh, ...
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