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'By second quarter, rates should start coming down': J P dua
Kolkata-based Allahabad bank recently deferred its $500-million medium-term note (MTN) programme, owing to the economic slowdown. However, the bank is hopeful of a healthy 18 per cent credit growth and expects Rs 1,000-crore capital infusion by the government soon. Chairman and managing director J P Dua, in an interview with Namrata Acharya, outlines the challenges and opportunities for the banking

PFC revives plan to raise $1 bn

Power Finance Corporation (PFC) has revived its plan to raise $1 billion via medium-term notes (MTN). The power sector lender, which had deferred its MTN plan in November, is looking to roadshows

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Visa Introduces New Mobile Prepaid Product for Developing Countries
Visa Inc. today announced a significant step to bringing access to secure financial services and electronic payments to consumers in developing countries by introducing a new product serving the needs of unbanked and under-banked consumers. The new product, a Visa prepaid account that can be accessed through a mobile phone, offers consumers in developing countries a secure, reliable, globally interoperable electronic payment account.

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ZTE Nine-Month Operating Revenue Rises 26.5% to RMB58.29 Billion

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IDBI Bank plans to raise $200 mn from Swiss market

Public sector lender IDBI Bank plans to raise around $200 million from the Switzerland market under its medium-term foreign debt raising programme. "We have a close eye on the Swiss market. Recently,

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PFC to raise Rs 17k cr through securities issue

Power Finance Corp is hoping to raise nearly Rs 16,800 crore in the coming months through issue of securities, including tax-free bonds.The state-run lender for the power sector has already started

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