From times immemorial banking has been a fantastic business. Ask the Marwaris and the Chettiars. It is a simple business too. Borrow money at 3%p.a. lend it at 6%p.a. and keep the 3% margins. If  I am not wrong it used to be called the 3-6-3 rule of banking. This rule said borrow at 3%, […]

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