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Yearly Archives: 2017

Right value for remittances

While a large percentage of remittances are sent through informal channels, formalization of remittance transfers makes the process more secure and easily monitored and allows these funds to be directed toward savings. Reducing the cost of transfers encourages the use …

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Lower interest rates strike bank profits

Deposits are becoming unattractive for the customers The profitability of the banking industry is under substantial pressure. The last two years have been very challenging for the banks. The reduction in interest rates and downward re-pricing of government papers (domestic …

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