Fudging By Banks
Banks are fudging while determining the Benchmark Prime Lending Rate (BPLR), thereby fleecing the people taking loans. RBI is ineffective - it has shown a complete lack of interest in disciplining banks. Scheduled commercial banks are required to obtain approval of their respective boards for setting the BPLR, which becomes the reference rate for credit limits of over Rs2 lakh....
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  • Chinese Mobile Market Hots Up Again

    After nullifying the ‘tough’ directives of the Department of Telecom (DoT) with the timely help from mobile service providers, the ‘importers’ of the so-called Chinese handsets are on cloud nine. With fears of losing the huge market due to international mobile equipment identity (IMEI) problem, the business for Chinese mobiles was in the doldrums. Now, thanks to the initiatives by Cellular...

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  • Aban Offshore continues to rise allaying debt, idle rigs concern
    Shares of Aban Offshore Ltd (Aban), India's largest offshore drilling contractor in the private sector, are again back in the news. Despite a fourth quarter loss and huge debt, Aban's share price has been moving up before being quoted at Rs1240.95 per share on 5th June. Sure, the share prices are bound to go up and down, but in percentage terms, especially for Aban, the journey...
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