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Buying an office or retail space is a huge investment, which is why commercial real estate has been traditionally seen as an investment avenue for only institutional investors or high net worth individuals. However, things are changing. Many retail investors are now getting into the office real estate game.  Apply for lower rates Property Loan […]

Private lender ING Vysya Bank said it plans to raise funds by issuing up to 28 million equity shares to the promoters and qualified institutional players. The bank did not specify the amount to be raised from the proposed offers. At the today’s closing price of Rs 342.25 apiece on the Bombay Stock Exchange (BSE), […]

A machine that spat money! Automated teller machines (ATMs) were a thing of wonder in the 1990s. But that was then. Today, a visit to the nearest ATM can help you accomplish a myriad of tasks, such as utility payments, pre-paid mobile recharge, credit card payments, tax payments and others, whilst acting as a cash […]

U.S. consumer credit outstanding shot up by $6.25 billion during April after a downwardly revised $4.82 billion rise in March, reflecting a rise in student and car loan. The rise in total consumer credit reported by the Federal Reserve was the seventh straight monthly increase and was well above forecasts by Wall Street economists for […]

Banking and monetary regulator Reserve Bank of India has decided to work on towards further increasing the security features of credit cards. So far the credit card had magnetic strip attached to them as a security feature. A panel set by RBI has decided that all credit cards issued in the upcoming three years should […]