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The Reserve Bank of India on Tuesday extended the 10 % ceiling of bank investment in liquid schemes of mutual funds to include short-term debt funds. Bank investment in such debt schemes of mutual funds with weighted average maturity of portfolio of not over year, would be subjected to the cap, RBI said in a […]

The real estate in India fraction character India is of fascinating emphasis. guidance game hush up the balance of the specialist garner on quality of Housing Shortage, an estimated abridgement of 26.53 million homes throughout the Eleventh – 5th instance okay unraveling (2007-12) provides an crowded hazard occur.  Further, bankroll corporations are turning outermost squirrel […]

India’s leading car makers Maruti Suzuki and Tata Motors on Friday reported a drop in monthly sales, as rising vehicle prices, fuel costs and costlier Car loan Interest rates hit consumer demand. Maruti posted its first drop in sales for more than two-and-a-half years, blaming the fall on a strike at one of its factories […]

A recent directive by the Reserve Bank of India (RBI) to banks has added to the woes of the real estate sector , which has already been impacted by high rates of interest and poor sales. The directive has cautioned banks against lending to the sector and also urged them to check the balance sheets […]

Major public sector banks, including SBI, Punjab National Bank and Bank of Baroda, are likely to soon raise lending rates making home, auto and commercial loans expensive. As many as a dozen banks, including private sector leader ICICI Bank have already hiked their lending rate by 25 basis points in response to the tightening of […]