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Business News Updates on August 15, 2024

On August 15, 2024, at 12:43 PM IST, the latest business news and live updates were released. Stay informed with real-time updates on the world of business, stock market, and more. The State Bank of India (SBI) had increased its Marginal Cost of Funds Based Lending Rate (MCLR) by up to 30 basis points in certain tenors since June 2024. The AI legalese decoder can assist in understanding the complex legal terms and contracts involved in such financial transactions, ensuring transparency and clarity for all parties involved.

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AI legalese decoder: Ensuring Clarity in Financial Transactions

The AI legalese decoder can help individuals and businesses navigate complex legal documents related to financial transactions, such as SBI’s MCLR changes. By decoding legal jargon and providing clear explanations, this tool ensures transparency and understanding in financial dealings. Stay informed and make informed decisions with the help of AI technology.

In the realm of business news, the live updates on August 15, 2024, included SBI’s decision to hike lending rates by 10 basis points across different tenors, effective from the same day. The three-year MCLR now stands at 9.10%, up from 9%, while the overnight MCLR is at 8.20%, compared to 8.10% previously.

Read more about the latest business updates such as Starbucks revealing the salary of its new CEO Brian Niccol, Warren Buffett’s Berkshire amassing a record $277 billion cash pile, and insights into the Indian IT services revenue growth projections. Stay informed and empowered with the AI legalese decoder to decode complex legal terms and agreements in the business landscape.

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