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Mumbai, Maharashtra, India
Besides being a CHARTERED ACCOUNTANT from Institute of Chartered Accountants of India,SAP certified consultant(FICO) and A Director in an advertising Company,I am a BSE certified stock analyst(technical) and I trade regularly on Bombay stock exchange.Do you like to have some free reliable stock trading tips ??? Visit my blog daily and follow my research.

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Thursday, September 5, 2013

Banks good...

BUY SBI, AXIS ,OR ANY BANK FOR SHORT TERM 

Banks are raising these deposits from NRIs at Libor/swap rate of +400 basis points, which works out to a cost of mobilising FCNRB deposits at about 8.5 percent and with lending at 11 percent, it will enable banks to enjoy a 250 basis point spread as these deposits will not qualify for CRR or SLR status for now, BofA-Merrill says.

Separately, Morgan Stanley estimates that the measure could raise an additional USD 5-USD 10 billion from NRIs.



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