MONEY & BANKING
FOREX
Rupee strengthens
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HOUSING FINANCE
Allahabad Bank home loans to be cheaper by 25 bps
Allahabad Bank has decided to reduce interest rates by 25 basis points for both floating and fixed term loans of up to Rs 20 lakh on all maturities. According to a press release, the interest rate has been reduced as the bank has been ...
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FINANCIAL MARKETS
‘Need to address structural problems in global economy’
US slowdown to impact India, says UNDP Administrator
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PRIVATE BANKS
ICICI sells retail assets to IDBI Trusteeship
Mumbai, March 18 ICICI Bank has sold retail assets worth Rs 4,895.9 crore to the Special Purpose Vehicle ‘Investment Vehicle for Structured Transaction 1508’ floated by IDBI Trusteeship Services Ltd.CARE has assigned ...
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SIB to launch mobile banking
Chennai, March 18 South Indian Bank hopes to be the second bank in India, after Barclays, to offer mobile-based transaction services to its customers, the bank’s Chairman and CEO, Dr V.A. Joseph, told Business Line. A ...
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GOVT BONDS
Bond prices close higher
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SHORT TERM INSTRUMENTS
Inter-bank call rates lower at 7%
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MORTGAGE
Budget may lift interest in reverse mortgage
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OVERSEAS INVESTMENTS
Holdings in US treasury papers rise in value
Gains on Fed rate cuts moderated by strength of euro, yen
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