Interest Rate
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Rupee shrugs off initial setback to end almost flat vs dollar
Nov 07, 2013, 10:05 PM ISTMumbai: The rupee today fell to its lowest level in five weeks but recouped most of the losses to end almost flat at 62.41 against dollar ahead of European Central Bank's interest rate decision and
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Deposit frauds: Govt proposes insurance cover, hefty penalties
Oct 22, 2013, 11:38 PM ISTNEW DELHI: To safeguard investors from fraudulent money-collection schemes, the government today proposed mandatory insurance cover for public deposits garnered by companies and hefty penalty of up to 18 per cent annual interest for defaulters.The
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India was hit hardest, but recovery also strongest: Anand Sharma
Oct 12, 2013, 10:48 PM ISTONBOARD PM'S SPECIAL AIRCRAFT: India took the hardest hit during the recent financial market turmoil, but the country has also staged the “strongest recovery”, Commerce and Industry Minister Anand Sharma said today.Despite all the volatility,
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Provident Fund interest rate may go up from 8.5 pc
India | Oct 09, 2013, 08:53 PM ISTNew Delhi: The Employees Provident Fund Organisation will meet soon amid indicatios that it may announce higher interest rate on PF compared to 8.5 per cent interest rate given in 2012-13. The rate of return
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Ban on zero per cent EMI not to hurt festive sales: Durables makers
Sep 29, 2013, 06:34 PM ISTNEW DELHI: Consumers durables manufacturers are upbeat of about having good festive sales despite RBI's ban of interest free installment saying purchase of products through such programmes account for a only a small part of
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SBI, PNB revise interest rate on fixed deposits
Aug 02, 2012, 08:13 PM ISTNew Delhi, Aug 2: Within days of RBI's quarterly review of monetary policy, State Bank of India (SBI) today cut interest rate on fixed deposit of over 5 years by 0.25 per cent to 8.50
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SBI cuts interest rate for exporters by 0.5%
Jun 28, 2012, 03:41 PM ISTMumbai, Jun 28: Country's largest lender SBI has cut interest rate on loans to exporters by 0.5 per cent within days of the Reserve Bank increasing the export refinancing limits of banks. "SBI has cut
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EPF interest rate will be raised to 8.6 pc this year, says Kharge
India | Apr 26, 2012, 11:19 PM ISTNew Delhi, Apr 26: Interest rate on employees' provident fund will be increased to 8.6 per cent for the current fiscal, a move which will benefit around five crore subscribers.“The rates were brought down due
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SBI May Cut Interest Rate To Boost Credit
Feb 01, 2012, 04:57 PM ISTMumbai, Feb 1: The country's largest lender State Bank of India (SBI) is “keen” to cut interest rates in order to boost credit expansion, a top bank official said today. “All sentiment is building towards
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EPFO May Lower Interest Rate On PF Deposits To 8.25% In Fy'12
Dec 08, 2011, 09:44 PM ISTNew Delhi, Dec 8: Retirement fund body EPFO has recommended a cut in interest rate on provident fund deposits to 8.25 per cent for 2011-12 from 9.5 per cent in the last fiscal.“It is observed