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Banks To Pass On Interest Rate Cuts: Finance Minister
All banks have agreed that they will pass on any interest rate cuts through the MCLR reduction announced by the monetary policy committee. "People were saying that the benefit of rate reductions don't reach them at all, or reaches in trickle. ...
PMJDY Accounts Turning Profitable For Lenders
The Pradhan Mantri Jan Dhan Yojana (PMJDY) which got off to boost financial inclusion among weaker section of the society has proved to be profitable for the bankers. There has been reported a steady surge in the average balance in such ...
Pmjdy Accounts Turning Profitable For Lenders
Working Capital For Auto Companies May Get Costlier
Auto companies amid slowdown in the sector might see another blow as the leading lender has proposed a higher collateral. In its recommendation, SBI proposes collateral of 25% over and above the inventory on issuance or increase of loans. In an ...
Banks Finally Accept Jet Airways To Be Dead
The ailing airline which grounded its last plane in April end now by all efforts by the debt laden airline and its lenders has been accepted to be dead by the company's group of lenders led by the SBI. As there ...
Banks Finally Accept Jet Airways To Be Dead
Home Loan Interest Rate Comparison Between HFCs And Banks
HFCs off late are under serious pressure owing to an increase in their borrowing costs which has disrupted their home financing business drastically. And with it, the rub off effect has been cast on both the retail borrowers as well as ...
What Is RBI's Sandbox For Fintechs?
These days we quite often come across the term ‘Sandbox' in business dailies. So what it is exactly? Here we will elaborate on the interface provided to fintechs or financial technologies companies. All about Sandbox Sandbox is an interface or ...
What Is Rbi S Sandbox For Fintechs
Use Your Credit Card Wisely
The number of users of credit card has gone up noticeable over the last few years. One needs to thoroughly understand the tricks of using it to avoid paying huge bills. One should understand there financial needs and limitations before using ...
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