Banking News: Interest rates on Certificate of Deposits(CDs) cross 10%,a 24- month high.. CDs are issued by banks to avail funds for shorter duration.
* PSU BANKS : Govt may convert its perpetual bonds & preference shares in PSU Banks into equity, to help these banks meet Basel III norms.
Power Sector:Sector may get a boost in forthcoming budget as withholding tax on overseas investments may be removed,
* PSU BANKS : Govt may convert its perpetual bonds & preference shares in PSU Banks into equity, to help these banks meet Basel III norms.
Power Sector:Sector may get a boost in forthcoming budget as withholding tax on overseas investments may be removed,
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