Canara Bank has launched SME Sulabh a new business model for increasing credit flow to the MSME sector. These centralized processing centres are established initially at seven places in Ahmedabad, Bangalore, Chennai, Coimbatore, Delhi, Hyderabad and Mumbai. The centre will aim at fast processing and quick delivery of credit to MSMEs. (BL050509)
SBI has decided to cut interest rates on fixed deposits by 25 basis points across the board w.e.f 4th May 2009. As per revised rates,1 year FDs will fetch 6.75% and 1,000 days deposit will earn 8%. (BL030509)
Bank of Baroda has pipped Canara Bank in terms of net profit and total business for FY 09 to become the third largest public sector bank after SBI and PNB. (BS040509)
SBI has decided to cut interest rates on fixed deposits by 25 basis points across the board w.e.f 4th May 2009. As per revised rates,1 year FDs will fetch 6.75% and 1,000 days deposit will earn 8%. (BL030509)
Bank of Baroda has pipped Canara Bank in terms of net profit and total business for FY 09 to become the third largest public sector bank after SBI and PNB. (BS040509)
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