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Higher interest rates and energy prices a possibility: Reddy
Interest rates may go further up, and energy prices might continue to be at the high levels which they are at presently. This was the basis of the speech made by Reserve Bank of India governor, Y V Reddy in Pune on Monday. The governor further indicated to the financial markets that Reserve Bank of...
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We are not hiking lending rates yet: UBI
United Bank of India has decided not to increase its lending rates, yet. However, the bank is not ruling out a possibility of a hike later on, which will depend on the situation of cash reserve ratio. Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with RBI. If RBI decide...
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Women recovery agents replace bank musclemen
In response to the SC ruling against the deployment of musclemen by banks, banks have come up with a unique solution to the problem of non-repayment of bank loans. Banks have decided to change their policy from prosecution to persuasion. Bank loan defaulters will now have to deal with smiling, soft-...
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TD Bank Financial Group Supports Management Leadership at McGill University
McGill University today announced the donation of $1 million by TD Bank Financial Group to establish the TD Fund for Leadership at the Desautels Faculty of Management. The Fund will support the MBA Global Leadership Seminar and the Undergraduate Leadership Seminar - two key programs designed to promote leadership through collaboration and foster pe....
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Inland Real Estate Corporation Closes $140 Million Term Loan - MSN MoneyCentral
Inland Real Estate Corporation IRC today announced that the Company has entered into a $140.0 million two-year unsecured term loan agreement with a lending group comprised of KeyBank, Bank of America, Wachovia, Wells Fargo and Charter One Bank Loan Info PHILADELPHIA - The president of United Aerospace Workers Local 1069 at Boeing and [...]
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Special Report: Can Dow Hold 11,000?
The financial markets are in turmoil. Lehman Brothers (LEH), the nation rsquo;s fourth largest investment bank, filed the biggest bankruptcy in history this morning, defaulting on $613 billion in debt. Merrill Lynch (MER) sold itself to Bank of America (BAC) for $50 billion as the company bled $17 billion over the past four quarters. Plus, there ar....
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