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State-owned lenders raise MCLR, month after third repo rate hike

Union Bank Of India

State-owned lenders raise MCLR, month after third repo rate hike State-owned banks are increasing their marginal cost of funds-based lending rate (MCLR), more than a month after the monetary policy committee (MPC) in August hiked the benchmark policy rate for the third consecutive time to tame headline inflation. Union Bank of India hiked its MCLR by 5-25 ...

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7 Reasons for why you need a ‘will’

7 Reasons for why you need a ‘will’ [ad_1] Everytime Shefali’s phone rang, the influx of negative thoughts and the fear of losing another closed one was at peak. The year was 2021 and India was facing the most dreaded phase of Covid-19 pandemic: the second wave of coronavirus. It was a similar feeling for most of us, whether we ...

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S&P affirms State Bank of India’s ‘BBB-‘ rating on improving asset quality

state bank of india, sbi, banks, bank branch

S&P affirms State Bank of India’s ‘BBB-‘ rating on improving asset quality Global rating agency Standard and Poor’s (S&P) has affirmed State Bank of India’s long-term rating ‘BBB-‘ on improving asset quality. It also affirmed the short-term issuer credit rating ‘A-3’ and maintained stable outlook for the rating. “The country’s largest lender is likely to sustain ...

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Make assets accessible to heirs: Take time to consider operational, procedural aspects of investing

Make assets accessible to heirs: Take time to consider operational, procedural aspects of investing [ad_1] There was unexpected panic after a friend’s child recently turned 18. The parents had been investing all the monetary gifts he received meticulously in his name. They held bank accounts, mutual funds and also a demat account into which the shares gifted by the grandfather ...

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