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MTM LOSS OF 250 BILLIONS FORESEEN BY BANKS

  A loss of 250 billion rupees is during the third quarter is observed by banks,  which has made them to approach RBI for a breathing space by way of spreading the losses over some quarters. How has this loss happened?  ICRA adds, that bank treasuries would be facing a loss of Rs. 155 billion

MTM LOSS OF 250 BILLIONS FORESEEN BY BANKS

  A loss of 250 billion rupees is during the third quarter is observed by banks,  which has made them to approach RBI for a breathing space by way of spreading the losses over some quarters. How has this loss happened?  ICRA adds, that bank treasuries would be facing a loss of Rs. 155 billion

BHIM AND ITS STRENGTH

BHIM has strengthened further… The UPI powered Bharat Interface for Money (BHIM) was among the first to app launched to complete digital payments using Universal Payments Interface (UPI). Read the following details which is more interesting. The number of banks live on BHIM have more than doubled to 65 The volume of transactions has gone

BHIM AND ITS STRENGTH

BHIM has strengthened further… The UPI powered Bharat Interface for Money (BHIM) was among the first to app launched to complete digital payments using Universal Payments Interface (UPI). Read the following details which is more interesting. The number of banks live on BHIM have more than doubled to 65 The volume of transactions has gone

Surprise New Year Bonanza By SBI

India’s Largest PSU Bank State Bank of India, surprised its customers, with a bonanza, through a reduction in the base rate and benchmark prime lending rates (BPLR) wef 1st Jan 2018.  The details are as under: The rates for the existing customers by 30 basis points each (one basis point is a hundredth of a

Surprise New Year Bonanza By SBI

India’s Largest PSU Bank State Bank of India, surprised its customers, with a bonanza, through a reduction in the base rate and benchmark prime lending rates (BPLR) wef 1st Jan 2018.  The details are as under: The rates for the existing customers by 30 basis points each (one basis point is a hundredth of a

Ten Key Mantras for Mutual Fund Investors

Mutual fund investing is for everyone. Asset Management Companies (AMCs) offer multiple schemes with varying combinations of risk-return, investment horizon, exposure, asset classes and tax-treatment. The trick is to choose wisely.  Whether you are new to investing through mutual funds or a seasoned investor, following these ten key mantras will ensure that you make the

Ten Key Mantras for Mutual Fund Investors

Mutual fund investing is for everyone. Asset Management Companies (AMCs) offer multiple schemes with varying combinations of risk-return, investment horizon, exposure, asset classes and tax-treatment. The trick is to choose wisely.  Whether you are new to investing through mutual funds or a seasoned investor, following these ten key mantras will ensure that you make the

INSOLVENCY RULE EASED FOR SMEs

A bill which is replacing an ordinance thus amending the insolvency and bankruptcy code extends the Small and Medium Enterprises (SMEs), which are undergoing insolvency proceedings, one month window to repay their overdue loans.  Also, The Insolvency and Bankruptcy Code Amendment Bill 2017 allows some breath to promoters by interpreting the definition of ONE YEAR

INSOLVENCY RULE EASED FOR SMEs

A bill which is replacing an ordinance thus amending the insolvency and bankruptcy code extends the Small and Medium Enterprises (SMEs), which are undergoing insolvency proceedings, one month window to repay their overdue loans.  Also, The Insolvency and Bankruptcy Code Amendment Bill 2017 allows some breath to promoters by interpreting the definition of ONE YEAR

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