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IIFCL Tax Free Bonds (Tranche II) – March 2013 – Review

There a lot of companies trying to raise funds through the Tax free bonds route before the Financial Year ends. The latest to join is India Infrastructure Finance Company (IIFCL), another Government-controlled company, issuing tranche 2 of tax-free bonds between February 25 and March 15. IIFCL Tax Free Bonds – Significant Points: Offer Period: February 25, […] Continue reading →

RBI Rate Cut Impact: Rush for Fixed Deposit and wait for your Loan

Reserve Bank of India - RBI Reserve Bank of India (RBI) in its monetary policy presented on January 29, 2013 cut repo rate and cash reserve ratio by 25 basis points each. Repo rate, the rate at which banks borrow from the central bank, has been slashed to 7.75%; and the cash reserve ratio, the portion of bank deposits the banks […] Continue reading →