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Axis Bank, Others Hike Interest Rates on Loans

MUMBAI: More banks have hiked lending rates almost a fortnight after the Reserve Bank of India (RBI) raised key interest rates in its monetary policy. On Monday, Axis Bank raised its one-year marginal cost of lending rate (MCLR) to 8.6% from 8.5% earlier. Syndicate...

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HC stays government bid to take over trust land in Mumbai

By way of an ad-interim relief to Marathwada Mitra Mandal, Justice R D Dhanuka of the Bombay high court recently stayed the Mumbai collector’s move to take over the 11,000 square metre property of the trust in Bandra East. The Mumbai collector had on February 26, 2018...

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