rate of interest

PNB hikes interest rate on fixed deposit by 0.25 percent


August 2nd, 2012 - 5:31 pm ICT by IANS
Mumbai, Aug 2 (IANS) The government-run Punjab National Bank Thursday hiked interest rates on term deposit of one year period by 0.25 percent to 9 percent for both domestic and ... Read more...

Posted in Business |

Realty industry welcomes rate cut, sees benefit for all (Lead)


April 17th, 2012 - 8:07 pm ICT by IANS
New Delhi, April 17 (IANS) The interest rate-sensitive realty sector Tuesday welcomed the Reserve Bank of India's (RBI) decision to cut key lending rates by 50 basis points, and felt ... Read more...

Posted in Business |

Realty industry welcomes rate cut, sees benefit for all


April 17th, 2012 - 5:23 pm ICT by IANS
New Delhi, April 17 (IANS) The interest rate sensitive realty industry Tuesday welcomed the Reserve Bank of India's (RBI) decision to cut key lending rates by 50 basis points, and ... 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 |

MPs team to visit rural areas to probe agricultural crisis: Pawar


December 19th, 2011 - 7:20 pm ICT by IANS
New Delhi, Dec 19 (IANS) A special committee of parliamentarians will visit the rural areas to fathom agricultural distress in the country, Agriculture Minister Sharad Pawar said Monday.Replying to ... Read more...

Posted in Politics |

No decision on savings account rate hike: City Union Bank


November 5th, 2011 - 6:36 pm ICT by IANS
Chennai, Nov 5 (IANS) Private sector City Union Bank has decided to play a wait-and- watch game in respect of revising its interest rates on savings bank accounts, an official ... Read more...

Posted in Business |

New study loan scheme for tribal students


November 4th, 2011 - 1:15 am ICT by IANS
New Delhi, Nov 3 (IANS) A new scheme for providing study loan to tribal students was launched by the union government Thursday.Loan at concessional interest rate will be given to ... Read more...

Posted in Uncategorized |

RBI frees savings interest rates


October 25th, 2011 - 6:19 pm ICT by IANS
Mumbai, Oct 25 (IANS) Consumers are set to earn more on their savings accounts with the Reserve Bank of India (RBI) Tuesday deregulating interest rates. "It is felt that the time ... Read more...

Posted in Business |

Economists divided on impact of rate hikes on India’s growth


September 20th, 2011 - 12:59 pm ICT by IANS
Kolkata, Sep 20 (IANS) Economists have started to question the hawkish stance of India's central bank that has seen as many as 12 rate hikes in the past 20 months, ... Read more...

Posted in Business |

Maruti’s Manesar plant to expand by FY 2014


August 18th, 2011 - 6:34 pm ICT by IANS
Kolkata, Aug 18 (IANS) India's largest car maker Maruti Suzuki Thursday said it will expand its plant at Haryana's Manesar by five lakh units by the 2014 fiscal."Our Manesar plant ... Read more...

Posted in Business |

Andhra proposes non-banking finance body for self-help groups


June 21st, 2011 - 11:11 pm ICT by IANS
Hyderabad, June 21 (IANS) In an attempt to protect women's self-help groups (SHGs) from exploitation by micro-finance institutions (MFIs), the Andhra Pradesh government proposes to set up a non-banking finance ... Read more...

Posted in Business |

Self-help groups to get loans at lower rates: Jairam Ramesh


June 21st, 2011 - 9:07 pm ICT by IANS
Hyderabad, June 21 (IANS) The central government has decided to reduce the rate of interest for Self-Help Groups (SHGs) from 12 percent to seven percent to bring it on ... Read more...

Posted in Business |

Grameen’s Yunus alleges ‘political influence’ in banking sector


May 8th, 2011 - 3:50 pm ICT by IANS
Dhaka, May 8 (IANS) Grameen Bank founder Muhammad Yunus has said his removal as managing director has threatened the bank's "independent existence" and raised the question "whether it can be ... Read more...

Posted in Uncategorized |

EPO fund to settle claims at 9.5 percent


April 28th, 2011 - 10:00 pm ICT by IANS
New Delhi, April 28 (IANS) The Employee Provident Fund Organisation (EPFO) has said it will continue to settle claims at the rate of 9.5 percent till the new rates are ... Read more...

Posted in Business |

Jharkhand set to hike legislators’ salary


March 24th, 2011 - 2:20 pm ICT by IANS
Ranchi, March 24 (IANS) Jharkhand is all set to hike the legislators' salary, taking it up to Rs.one lakh per month.The Jharkhand assembly is likely to pass a bill for ... Read more...

Posted in Uncategorized |

Agriculture reform at heart of Pranab’s budget


February 28th, 2011 - 6:18 pm ICT by IANS
New Delhi, Feb 28 (IANS) Laying stress on agriculture, central to the country's growth, the government Monday announced a slew of measures, including Rs.1 lakh crore more farm credit at subsidised ... Read more...

Posted in Business |

Centre denying us funds, says Tripura


February 7th, 2011 - 6:10 pm ICT by IANS
Agartala, Feb 7 (IANS) The Communist Party of India-Marxist (CPI-M)-led Left Front government in Tripura Monday accused the United Progressive Alliance (UPA) government of depriving the state of central funds.As the state ... Read more...

Posted in Business |

Two held for kidnapping 12-year-old in capital


January 18th, 2011 - 9:59 pm ICT by IANS
New Delhi, Jan 18 (IANS) Two men were arrested for kidnapping a 12-year-old boy from his home in east Delhi, police said Tuesday. The boy was rescued.Twenty-two-year-old Abid Khan, an illiterate, and ... Read more...

Posted in Uncategorized |

Micro finance helping poor in rural Assam


December 20th, 2010 - 5:29 pm ICT by ANI
Dispur, Dec.20 (ANI): A micro credit scheme is helping people in the rural and interior areas of Assam to reshape their socio-economic conditions by empowering them.Srimoni Das is an economically independent ... Read more...

Posted in Feature |

PSU banks lend Rs.86,000 crore to farmers


December 3rd, 2010 - 8:02 pm ICT by IANS
New Delhi, Dec 3 (IANS) Public sector banks provided Rs.86,000 crore concessional loans to farmers during the first five months of the current fiscal, Minister of State for Agriculture K.V. Thomas said ... Read more...

Posted in Business |

Orissa panel to study micro-finance complaints


November 19th, 2010 - 6:10 pm ICT by IANS
Bhubaneswar, Nov 19 (IANS) Orissa has decided to form a panel within the next one week to examine complaints it has received against micro-finance institutions in the state, an official said Friday."The ... Read more...

Posted in Entertainment |

RBI tightens norms for home loans, rates may go up


November 2nd, 2010 - 5:50 pm ICT by IANS
Mumbai, Nov 2 (IANS) The Reserve Bank of India (RBI) Tuesday tightened the norms for home loans, asking banks to cap the loan amount at 80 percent of the cost of ... Read more...

Posted in Business |

PNB Q2 profit rises 16 percent to Rs.1,074.54 crore


October 28th, 2010 - 6:32 pm ICT by IANS
Mumbai, Oct 28 (IANS) Punjab National Bank, the country's second largest public sector lender, said Thursday its net profit increased 15.92 percent in the second quarter of fiscal 2010-11.The bank has ... Read more...

Posted in Business |

Ordinance issued to regulate micro finance firms in Andhra


October 15th, 2010 - 7:09 pm ICT by IANS
Hyderabad, Oct 15 (IANS) Andhra Pradesh Friday issued an ordinance to regulate micro finance institutions (MFIs) in the wake of a spate of suicides due to harassment to borrowers.Governor ESL Narasimhan gave ... Read more...

Posted in Business |

Andhra takes measures to rein in micro-finance firms


October 14th, 2010 - 6:05 pm ICT by IANS
Hyderabad, Oct 14 (IANS) The Andhra Pradesh cabinet Thursday approved an ordinance providing for three-year sentence and Rs.1 lakh penalty for micro-finance institutions (MFIs) harassing borrowers.The cabinet held a special meeting to ... Read more...

Posted in Business |

Indian Bank, IOB hike lending rate to 8.5 percent


October 1st, 2010 - 9:09 pm ICT by IANS
Mumbai, Oct 1 (IANS) The Indian Bank and Indian Overseas Bank (IOB) Friday raised their base rates, the minimum rate of interest on loans, to 8.5 percent to match the rates ... 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 |

Bangladesh to pay more for China loan than for Indian loan


September 28th, 2010 - 3:17 pm ICT by IANS
Dhaka, Sep 28 (IANS) To set up a fertiliser factory and lay out a telecom network, Bangladesh will be paying more for a Chinese $770 million loan than for India's $1 billion ... Read more...

Posted in Business |

Debt-ridden Orissa farmer commits suicide


August 23rd, 2010 - 8:31 pm ICT by ANI
Bargarh (Orissa), Aug 23 (ANI): A debt-ridden farmer committed suicide by consuming pesticide in Barahaguda village of Orissa's Bargarh District on Sunday.The dead body of the 35-year-old farmer identified as Blaram Sahu ... Read more...

Posted in National |

Punjab to have rural godowns to store food grains


August 21st, 2010 - 1:28 am ICT by IANS
Chandigarh, Aug 20 (IANS) In a bid to protect food grains from spoiling due to inadequate storage facilities, Punjab and Sind Bank has come up with an initiative to extend credit for ... Read more...

Posted in Business |

UCO Bank raises prime lending rate by 25 basis points


August 9th, 2010 - 8:41 pm ICT by IANS
Kolkata, Aug 9 (IANS) City-based public sector bank UCO Bank raised its Benchmark Prime Lending Rate (BPLR) by 25 basis points to 12.50 percent from Monday (Aug 9). The bank has increased the ... Read more...

Posted in Business |

Wasnik asks State agencies to utilise funds in more effective manner


August 3rd, 2010 - 6:28 pm ICT by ANI
New Delhi, Aug 3 (ANI): Minister of State for Social Justice and Empowerment Mukul Wasnik on Tuesday called upon the State Governments to strengthen their State Channelising Agencies (SCAs) in all possible ... Read more...

Posted in National |

New interest rate regime come into force Thursday


June 30th, 2010 - 6:26 pm ICT by IANS
Mumbai, June 29 (IANS) A new interest rate regime, aimed at improving transparency and disallowing big corporations to get loans at rates below established benchmarks, will kick in from Thursday as ... Read more...

Posted in Business |

PF returns at 8.5 percent for sixth year in row


February 28th, 2010 - 6:35 pm ICT by IANS
New Delhi, Feb 28 (IANS) Over 4.7 crore Provident Fund (PF) beneficiaries are expected to get a return of 8.5 percent for the next fiscal on their PF deposits. It is similar ... Read more...

Posted in Business |

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