... from their financial advisors: Transparency, reliability and jargon-free advice
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SCSS rates fluctuate, and are reset by the government at the start of every quarter. This may work to your detriment in falling interest rate scenarios
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He also said that the group has a clean credit history with no instance of default
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Investors routinely harbour misconceptions about their investing habits or behaviours, which could work to their detriment in the long run. Here are three common ones to watch out for.
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The newly uncovered scam raises fresh doubts about whether more such cases involving fraudulent guarantees lurk on the books of PNB, the second biggest state-run lender, or other government-owned Indian banks
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The report observed that a growth of over 8 per cent will require "continued reform and a widening of their scope" aimed at resolving issues related to credit and investment, and enhancing competitiveness of exports
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The nation's largest lender had re-introduced the charges for non-maintenance of average monthly balance in April last year after a gap of five years
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The bank has accused two jewellery groups - one controlled by diamond tycoon Nirav Modi and the other by his uncle, Mehul Choksi - of colluding with rogue bank employees to secure credit from overseas branches of Indian banks using fraudulently issued guarantees largely in the form of letters of undertaking
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