RBI : History Of Repo Rate Since March 2010

Thirteenth time since march 2010, Reserve Bank of India have raised the Repo Rate. Repo Rate is the rate at which central bank (RBI) lends money to banks. Lets have a look the history of Repo Rate since March 2010:-  

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Advance Tax–When & How To Pay?

As an individual we know about income tax, but you may not yet be aware about the implications of advance tax. Few of us ask, What is this advance tax? Is this an another type of tax imposed by the government? Do I have to pay this? These questions are very important to address as ignorance can add an unwanted …

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Reliance Android Tablets For Rs 3000 ($60) By 2012

Introduction of tablets has revolutionaries the tech world in last few years. Its growing demand and acceptability in the world wide market is attracting more people to get into this business. The recent launch of ‘Aakash’ by Indian government is been considered as the worlds cheapest tablet computer for students. Now Reliance Industries Limited (RIL) is planning to launch a …

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Approval From RBI Will Introduce White Label ATMs In India

In order to boost the banking facilities in the country, Finance Ministry have proposed the Reserve Bank Of India (RBI) for the introducing of white-label ATMs. What Are White Label ATMs? White Label ATMs also known as no name ATMs or common ATM’s. Setup and maintained by private ATM service providers these ATMs would not belong to any particular bank. …

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Fed Oriental Pravasi Insurance – New Insurance Product In India For NRI Customers

Federal Bank and Oriental Insurance company, the two established brands of the industry have come up together to bring a new insurance product in the market for their NRI customers. This tie up of banking and insurance sector to offer specially designed services to its customers has named as ‘Fed Oriental Pravasi Insurance’. As name suggest it is an insurance …

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Latest IRDA Update On ULIP : Discontinued ULIP Policies Will Now Get Interest

As per the IRDA latest notification, holder of unit linked insurance plan (ULIP) who have discontinued their policy will get a minimum guaranteed interest on the fund value as applicable to savings bank accounts of State Bank of India (SBI) from the date the policy has discontinued. The Insurance Regulator and Development Authority (IRDA) have addressed the life insurance companies …

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Union Cooperative Banks In India Will Provide Money or Currency Conversion Services

Reserve Bank of India has provided the necessary permission to all the Urban Cooperative Banks (UCBs) in India to provide money or currency conversion services. This will help provide better facilities to the tourists who visit India and also the Indians who visit other countries. This will also help these banks increase their revenues as well as the money conversion …

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RBI Have Announced Cheaper Loans For Exporters

To save the interest of labour oriented and small scale exporters at the time of slowdown at major markets of the world. The Reserve Bank of India (RBI) have announced 2% interest subsidy to the exporters of handicrafts, handlooms and carpets till 31 March 2012. Now exporters in the small and medium enterprises will be able to get loans at the …

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SBI Proposed To Raise Rs 5000 Crore From Right Issue By March 2012

State Bank Of India (SBI), India’s largest lender has proposed to raise Rs 5000 crore via right issue by the month of March 2012 to attain the 8% capital adequacy. Being Government the largest shareholder with 59% equity, SBI has put forward this proposal to the Government. But as of now no official statement has been made by the Government …

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