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Tuesday, May 02, 2006
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MONEY & BANKING

HOUSING FINANCE

PNB raises home loan rates
Punjab National Bank (PNB) has revised the interest rate on the different variants of its housing loan scheme. The interest rate on the various tenors of repayment has been increased by 50 basis points. A release issued by ... More

LIFE INSURANCE

MetLife introduces `Met Bhavishya' policy
MetLife has introduced `Met Bhavishya,' which is a child's insurance plan that ensures that the future of the offspring is not compromised on account of the untimely death of the parent. The insurance is not taken for the child, but is a `plan' ... More

Insurers issued show-cause on service tax
Some insurers, including LIC, have decided to challenge the show-cause notice issued to them by the Directorate of Service Tax. More

INTEREST RATES

ICICI Bank revises NRE rates
ICICI Bank has revised its interest rates on NRE fixed deposits and FCNR deposits across various maturities. It now offers an interest rate of 6.33 per cent per annum on NRE fixed deposits with maturity of one to one-and-a-half ... More

HDFC hikes home loan rates
Housing Development Finance Corporation would hike its home loan rates across the board by half a per centage point, effective May 2, 2006. Its minimum fixed home loan interest rate is now 10.5 per cent, and its minimum ... More

NON-PERFORMING ASSETS

RBI cool to SFCs' plea for stressed assets fund
States reluctant to bring in equity funds More
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