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Inventory down: Worst could be over for housing
While inventory of unsold dwelling units is coming down, rising commodity prices might push up cost of homes nullifying the cheap home loan advantage
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Banks to remain shut for 15 days in July
As per the list of holidays for the month of July, all banks across India will remain closed for up to 15 days this month
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Equities generate inflation-adjusted returns: Sanjiv Bajaj
In an interview to Money9, Sanjiv Bajaj, Joint Chairman & MD, Bajaj Capital provides insights on the road ahead for equity investors
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Covid-19 deaths: Insurers received over 22,000 claims in FY21
The claims paid ratio (provisional) stood at 98.1% for individual claims and 98.6% in the group category
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RBI should not print money to finance fiscal deficit: Pinaki Chakraborty
Pinaki Chakraborty said India's current macroeconomic situation is certainly better than what it was during the first wave of the Covid-19 pandemic
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Unclaimed term deposits: Take note of this change
The amount left unclaimed will attract a rate of interest as applicable to savings account or the contracted rate of interest on the matured TD
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Bank credit grows 5.82%; deposits by 10.32%
Bank advances stood at Rs 102.46 lakh crore and deposits at Rs 138.67 lakh crore in the fortnight ended June 19, 2020
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RBI tweaks norms for interest on unclaimed amount after deposit matures
The new norms are applicable for deposits in all commercial banks, small finance banks, local area banks, and cooperative banks
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India reports current account surplus of 0.9% in FY21
The current account surplus is an important factor representing the strength of a country’s external sector.
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Banks’ gross NPAs may rise to 9.8% by March 2022: RBI
Seeking to allay concerns, the RBI further said that the banks have sufficient capital, both at the aggregate and individual levels
