ADR, GDR sales can be held in forex locally
Mumbai: In yet another move to further liberalise the foreign exchange market, the Reserve Bank of India on Saturday decided to allow ADR or GDR proceeds to be held in foreign currency locally.
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CanFin reduces home loan rates
Mumbai: CanFin Homes has announced the reduction in its interest rates ranging from one percent point to 1.25 percentage points for various repayment tenures. The bank has revised the fixed rate of interest for the lowest tenure of five years to 8.75 per cent.
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Money transfer service from Dhanalakshmi Bank
Kochi: UAE Exchange and Financial Services Ltd, part of the UAE Exchange group, has entered into a tie-up with Dhanalakshmi Bank for money transfer service. The service, named Xpress Money, would be commenced from Monday and about 55 locations of the of the bank throughout the country would render the service.
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