Switzerland's unprecedented decision to let UBS AG hand US tax authorities clients' details risks damaging a banking industry that relies on a pledge of confidentiality to win business, legal scholars said.
A Group of UK-based NRIs, urged Punjab state government to appoint a caretaker to supervise properties owned by NRIs in the state. NRIs find certain miscreants trying to grab their properties by using illegal means.
The number of failed American banks are climbing, with eight entities going belly up in February alone, pushing the total bank failures in this year (2009) to 14.
Kerala Government will ensure disbursal of loans at lower interest rates by the Kerala Financial Corporation to returning NRIs.
Inkel, a company set up to develop infrastructure in the State through public-private partnership, has drawn up a proposal to set up “construction solutions and services parks” in four cities – Thiruvananthapuram, Kochi, Kozhikode and Thrissur.
Kerala's three international airports at Kochi, Kozhikode and Thiruvananthapuram were put on high alert after an anonymous bomb threat call.
State Bank of India has now come out with yet another rate cut for all categories of home loans. For a period of one year from now, the interest rate will be fixed at 8 per cent irrespective of the loan amount and after one year rate will be reset to the card rate at time of sanction.
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