Hero Honda and Andhra Bank have signed up to support two wheeler buyers including rural parts of Andhra Pradesh. Buyers can avail loan upto 90% of the on road price of the two wheelers. ( source Business Line 29-10-08)
Sale of gold coins on the rise through banks this year. There has been significant rise in demand for gold coins and ingots this year. Union Bank and Kotak Bank have reported impressive results. ( source Business Line 29-10-08)
State Bank of Hyderabad has donated a pick-up van, as part of bank’s community service campaign, to Centre for Social Service. The van would be used for transport needs of the girls for sending them to schools.( source Business Line 31-10-08)
The Union Cabinet has approved the capital restructuring plan of UCO Bank by converting Rs 250 crore equity into preference shares. This will improve their earnings per share.( source Business Line 01-11-08)
United Bank of India has revised their interest rates on deposits w.e,f 01.11.2008. Deposits of two years to less than three years will carry interest at 10.50% while deposits for 30-90 days 91-179 days would fetch 7% and 8% respectively. ( source Business Line 01-11-08)
Punjab National Bank has announced cut in their prime lending rates by 0.5% to 13.5% effective from 1st November ,2008. It is also likely to cut peak deposit rates by 50 basis points to 10% effective from 1st December ,2008. ( source Business Line 01-11-2008)
IDBI cuts rates on home and education loans by 50 basis points from 1st November, 2008. The margin on home loans raised from 15% to 20% upto Rs 30 lakhs and to 25% for loans above Rs 30 lakhs. ( source Business Line 02-11-08)
IDBI Bank has decided to sell its housing loan subsidiary IHFL, unlike its previous plan to merge the unit with itself. (source Business Standard 03-11-08)
Sale of gold coins on the rise through banks this year. There has been significant rise in demand for gold coins and ingots this year. Union Bank and Kotak Bank have reported impressive results. ( source Business Line 29-10-08)
State Bank of Hyderabad has donated a pick-up van, as part of bank’s community service campaign, to Centre for Social Service. The van would be used for transport needs of the girls for sending them to schools.( source Business Line 31-10-08)
The Union Cabinet has approved the capital restructuring plan of UCO Bank by converting Rs 250 crore equity into preference shares. This will improve their earnings per share.( source Business Line 01-11-08)
United Bank of India has revised their interest rates on deposits w.e,f 01.11.2008. Deposits of two years to less than three years will carry interest at 10.50% while deposits for 30-90 days 91-179 days would fetch 7% and 8% respectively. ( source Business Line 01-11-08)
Punjab National Bank has announced cut in their prime lending rates by 0.5% to 13.5% effective from 1st November ,2008. It is also likely to cut peak deposit rates by 50 basis points to 10% effective from 1st December ,2008. ( source Business Line 01-11-2008)
IDBI cuts rates on home and education loans by 50 basis points from 1st November, 2008. The margin on home loans raised from 15% to 20% upto Rs 30 lakhs and to 25% for loans above Rs 30 lakhs. ( source Business Line 02-11-08)
IDBI Bank has decided to sell its housing loan subsidiary IHFL, unlike its previous plan to merge the unit with itself. (source Business Standard 03-11-08)
No comments:
Post a Comment