bps

Spain’s borrowing costs rise sharply in bond auction


May 18th, 2012 - 12:14 pm ICT by IANS
Madrid, May 18 (IANS/EFE) Spain's Treasury auctioned 2.5 billion euros ($3.18 billion) worth of bonds maturing in 2015 and 2016 Thursday, but was forced to pay sharply higher interest rates.The ... Read more...

Posted in Business |

Spain blames Europe growth concerns for debt-risk premium rise


April 6th, 2012 - 12:31 pm ICT by IANS
Malaga (Spain), April 6 (IANS/EFE) Spain's economy and competitiveness minister on Thursday blamed a sharp rise in the country's debt-risk premium to market volatility triggered by "doubts about growth in ... Read more...

Posted in Business |

SBI reduces educational loan rates by up to 1 percent


February 27th, 2012 - 10:52 pm ICT by IANS
New Delhi, Feb 27 (IANS) India's largest lender, State Bank of India (SBI) Monday said it has reduced the interest rate on educational loans by up to one percent ... Read more...

Posted in Business |

Bugs can help trap underground carbon dioxide


February 24th, 2012 - 6:12 pm ICT by IANS
Washington, Feb 24 (IANS) In both the novel and movies versions of "The War of the Worlds", bugs save the earth, while aliens succumb to infections to which humans have ... Read more...

Posted in World |

RBI adopted a dovish policy: HDFC Bank official


January 24th, 2012 - 8:06 pm ICT by IANS
Chennai, Jan 24 (IANS) The 50 basis points cut in the cash reserve ratio (CRR) by the Reserve Bank of India (RBI) Tuesday in its third quarter review of monetary ... Read more...

Posted in Business |

SBI, PNB hike interest rate on NRE term deposits (Lead)


December 27th, 2011 - 6:02 pm ICT by IANS
Mumbai, Dec 27 (IANS) State Bank of India (SBI), the country's largest lender, and Punjab National Bank (PNB) Tuesday said they would more than double interest rates on non-resident ... Read more...

Posted in Business |

Unaided private schools seek amendments in RTE


December 22nd, 2011 - 11:44 pm ICT by IANS
New Delhi, Dec 22, (IANS) Representatives of 'budget private schools' -- unaided private institutions which often cater to weaker sections of society -- from eight states Thursday formed an alliance ... Read more...

Posted in Uncategorized |

Union Bank of India hikes base rate by 50 basis points


August 6th, 2011 - 5:09 pm ICT by IANS
Mumbai, Aug 6 (IANS) Public sector lender Union Bank of India (UBI) Saturday said it has increased its base rate by 50 basis points following hike in key interest rates ... Read more...

Posted in Business |

Auto, realty sectors unhappy at interest rate hike


July 26th, 2011 - 7:43 pm ICT by IANS
New Delhi, July 26 (IANS) The country's automobile and realty sectors have expressed their reservations over the Reserve Bank of India's (RBI) decision to hike interest rates by 50 basis ... Read more...

Posted in Business |

Union Bank hikes lending rate by 50 bps


December 27th, 2010 - 5:17 pm ICT by IANS
Mumbai, Dec 27 (IANS) The government-run Union Bank of India Monday raised the base rate, the minimum rate at which banks lend, by 50 basis points (bps) to 9 percent, in line ... Read more...

Posted in Business |

Pakistan Auditor General finds massive irregularities in ERRA accounts


November 29th, 2010 - 7:09 pm ICT by ANI
Islamabad, Nov 29(ANI): The Auditor General of Pakistan has pointed out massive financial irregularities of Petrol Oil and Lubricant (POL) running into millions of rupees in the accounts of Earthquake Reconstruction and ... Read more...

Posted in Sports |

Union Bank raises base rate by 50 bps to 8.5 percent


October 15th, 2010 - 7:19 pm ICT by IANS
New Delhi, Oct 15 (IANS) Public sector lender Union Bank of India said Friday it will increase its base rate by 50 basis points (bps) to 8.5 percent and deposit rates by ... Read more...

Posted in Business |

PNB raises base rate by 50 bps, deposit rates by 25-50 bps


September 30th, 2010 - 4:59 pm ICT by IANS
Mumbai, Sep 30 (IANS) Punjab National Bank will raise base rate, the minimum rate of interest on loans, by 50 basis points to 8.50 percent and interest rates on term deposits by ... Read more...

Posted in Business |

SBI hikes deposit rates by 25-75 bps, keeps base rate steady


September 30th, 2010 - 4:08 pm ICT by IANS
Mumbai, Sep 30 (IANS) State Bank of India, the country's largest lender, will raise deposit rates by 25 to 75 basis points (bps) from Friday, but has kept the base rate, ... Read more...

Posted in Business |

China’s 3G users hit 25.2 million by end of June: MIIT


July 20th, 2010 - 6:30 pm ICT by ANI
New Delhi, July 20 (ANI): China's third-generation (3G) mobile phone service subscribers numbered 25.2 million at the end of June, up 40 percent from the first quarter.Xinhua quoted Zhang Feng, a senior ... Read more...

Posted in World |

712 of 6,337 detained Pakistanis abroad are in India


February 19th, 2010 - 2:22 pm ICT by ANI
Islamabad, Feb.19 (ANI): Of the 6,337 Pakistanis detained in various countries, 712 of them are in India, according to The Nation.Pakistan's Foreign Office on Thursday informed the Senate that 5,136 of these ... Read more...

Posted in South Asia |

Axis Bank deploys Polaris’ software solution


October 26th, 2009 - 7:17 pm ICT by IANS
Chennai, Oct 26 (IANS) Private lender Axis Bank has implemented Polaris Software's solution for trade finance, cards and cheque truncation processes, the city-based banking software company said Monday. The solution, "Intellect Business Process ... Read more...

Posted in Business |

Power Finance may slash interest rates by 25 bps


July 2nd, 2009 - 6:53 pm ICT by IANS
Kolkata, July 2 (IANS) State-owned Power Finance Corp Ltd (PFC) may cut its lending rate by 25 basis points to 11.5 percent keeping in view the fall of interest rates, a company ... Read more...

Posted in Business |

UBI to reduce interest rates by 25 bps


June 24th, 2009 - 8:53 pm ICT by IANS
Kolkata, June 24 (IANS) The state-owned United Bank of India (UBI) has reduced the benchmark prime-lending rate (BPLR) by 25 basis points, a bank statement said here Wednesday. "The bank has reduced prime-lending ... Read more...

Posted in Business |

Overweight teen boys with normal BPs may still suffer from heart damage


June 2nd, 2009 - 2:14 pm ICT by ANI
Washington, June 1 (ANI): Despite normal blood pressures, overweight teenage boys might be at an increased risk of suffering from heart damage, according to a new study led by Indian-origin researcher.The research ... Read more...

Posted in Health Science |

RBI cuts repo, reverse repo rates by 25 bps


April 21st, 2009 - 2:17 pm ICT by ANI
Mumbai, Apr 21 (ANI): The Reserve Bank of India (RBI) revealed the annual monetary policy here on Tuesday.According to the report, the short-term lending (repo) rate and borrowing (reverse repo) rates have ... Read more...

Posted in Business |

UCO Bank to give incentives to borrowers


March 6th, 2009 - 9:28 pm ICT by IANS
Kolkata, March 6 (IANS) The state-owned UCO Bank has decided to provide 50 basis points loan rate cut to borrowers in some sectors as incentives, a top bank official said here Friday. "We ... Read more...

Posted in Business |

Pak IB facing officers drain due to lack of facilities


January 14th, 2009 - 2:33 pm ICT by ANI
Islamabad, Jan 14 (ANI): The number of middle ranked officer leaving Pakistans Intelligence Bureau (IB) is growing day by day as they are desperate for other options like joining the ISI.There ... Read more...

Posted in South Asia |

City Union Bank to cut lending rates by 50 bps


December 20th, 2008 - 7:08 pm ICT by IANS
Kolkata, Dec 20 (IANS) The Kumbakonam-based City Union Bank will cut its benchmark prime lending rate (BPLR) by 50 basis points by the month-end, a top company official said here Saturday."We will ... Read more...

Posted in Business |

CII welcomes RBI Repo Rate Cut


October 20th, 2008 - 6:49 pm ICT by ANI
New Delhi, Oct.20 (ANI): The Confederation of Indian Industry (CII) has welcomed the Reserve Bank of Indias decision to cut the repo rate by 100 base points to bring it down ... Read more...

Posted in National |

CII welcomes cash reserve ratio cut


October 15th, 2008 - 11:49 pm ICT by IANS
New Delhi, Oct 15 (IANS) The Confederation of Indian Industry (CII) has welcomed the cut in the cash reserve ratio (CRR) by 100 basis points to 6.5 percent, but urged the central ... Read more...

Posted in Business |

ICICI Bank raises NRI deposit rates


September 22nd, 2008 - 11:58 pm ICT by IANS
Mumbai, Sep 22 (IANS) India's largest private sector lender ICICI Bank announced late Monday evening an increase in its interest rates on its NRE and FCNR deposits by 50 basis points, effective ... Read more...

Posted in Business |

Home loan borrowers face higher instalment payout


July 31st, 2008 - 7:04 pm ICT by IANS
New Delhi, July 31 (IANS) Already hit by spiralling prices of household items, those who have already taken home loans face the prospect of having to cough up higher equated monthly instalments ... Read more...

Posted in Business |

Yes Bank hikes PLR by 50 bps to 17 percent


July 31st, 2008 - 5:31 pm ICT by IANS
Mumbai, July 31 (IANS) Private lender Yes Bank has increased its prime lending rate (PLR) by 50 basis points (bps) to 17 percent effective Friday, a company statement Thursday said. The Mumbai-based ... Read more...

Posted in Business |

UK mulls 35,000-strong British border police force to tackle terrorists, gangsters


July 1st, 2008 - 3:05 pm ICT by ANI
London, July 1 (ANI): A super-force of border cops could be formed to protect Britain from terrorist attacks and gangsters, according to a report.The study, commissioned by David Cameron, warns that ... Read more...

Posted in Entertainment |

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