Several private banks have reduced the credit limits

Several private banks have reduced the credit limits of card holders and it appears that many customers are yet to be informed. The banks in question are HSBC, ICICI, HDFC and Standard Chartered.(BL270309)

RBI will for the first time

RBI will for the first time put into circulation two new coins of Rs 10 each issued by the government. Each coin will weigh 7.71 gms and the outside diameter will measure 27 mm.(BS270309)

From 1st April 2009 use of third party ATMs would be free.

From 1st April 2009 use of third party ATMs would be free. (BS270309)

In case you are planning to buy a house

In case you are planning to buy a house with a loan from SBI in an environment friendly residential project which has been rated by the Indian Green Building Council, then the bank is willing to provide benefits like reduced margins, softer interest rates and zero processing fees.(BL270309)

Borrowers from the IT sector

Borrowers from the IT sector who have taken housing loans and have been laid off can have their loans restructured, meaning they would be given additional time for adjustment of their loans according to spokesperson of Indian Overseas Bank.(BL280309)

OBC has also decided to reduce its PLR from 12.50% to 12.25%. (BL280309)

OBC has also decided to reduce its PLR from 12.50% to 12.25%. (BL280309)

Three Kolkata based banks

Three Kolkata based banks have reduced their prime lending rates effective 1st April 2009. While UCO Bank has reduced its PLR by 50 basis points to 12%, United Bank and Allahabad bank have cut their rates by 25 basis points to 12.25%.