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The Reserve Bank of India (RBI) said banks cannot discriminate between its depositors and has to give the same interest rate to all seeking to place money for a particular duration, if the deposit is below Rs1 crore. However, banks are free to
Brokerages are of the view that the current interest rate scenario benefits relatively wholesale and term deposit-dependent banks like Yes Bank. They see the stock gaining over 18 per cent from the current market price (CMP) in the next one year. "
Story continues below In the past fortnight, NAB has put the animal to work on depositors and there is a good chance some of the other majors will follow suit. When the Reserve Bank slashed official rates by 0.5 percentage points a few weeks ago, NAB
February, 2012 RaboDirect brings six per cent back into savings market Celebrating six years in New Zealand, RaboDirect is pleased to confirm its current longer-term deposit rates are market leading, with its six per cent rate a record high in today'
Quote of the day Prime Minister H E Sheikh Hamad bin Jassem bin Jabor Al Thani Tuesday, 15 November 2011 03:55 by Moiz Mannan Non-resident Indians (NRIs), particularly those with families back home, have some more reasons now to remit more money. The
I have $260,000 from the sale of my house and planned on leaving it on term deposit while I look for a new property to buy. However, I am concerned that maybe I should withdraw the cash and keep it in a bank safe (ironically!) until I need it for the
Is it just me or is there a misconception that renting is bad? A recent Herald article interviewed a couple who have just bought their first home in Onehunga. The woman stated, "We'll be 55 by the time we pay off the 30-year mortgage...Surely the
A new generation of capital protection products is being developed that aims to overcome the issues investors experienced during the crisis, including a lack of flexibility. Van der Westhuyzen says there are fewer products around but what is now
Unless the investment was bought more than 25 years ago, the taxman will want his cut when it's sold, writes George Cochrane. I owned a unit in joint names until his death 10 years ago, when I became sole owner...If the unit was bought after 1985 and
Head of investment and pension research at the FIC George Ladds claimed that people who are applying for savings products on the internet seem to be going for longer-term options. In comparison, he stated individuals that head to the High Street to