The Hindu Business Line : Saturday, July 05, 2008

HOUSING FINANCE
Penal interest waiver for APHB payment defaulters
Hyderabad, July 4 The Andhra Pradesh Government has announced a penal interest rebate waiver for those who have defaulted in payment of instalments to the Andhra Pradesh Housing Board (APHB). The APHB has from its inception constructed ... More

FINANCIAL INSTITUTIONS
APSFC gives in-principle nod for 50 projects
Hyderabad, July 4 The Andhra Pradesh State Financial Corporation (APSFC) has accorded in-principle approval for 50 proposals at a business development campaign for the districts of Hyderabad, Mahabubnagar, Nalgonda and Kurnool held ... More

INTEREST RATES
More banks hike lending, deposit rates
July 4 Bank of Rajasthan has increased its benchmark prime lending rate by 50 basis points from 14.5 per cent to 15 per cent with effect from July 1The bank also increased its retail prime lending rate from 9.25 to 9.5 per cent, which will ... More

GOVT BONDS
Bond prices sharply down
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SHORT TERM INSTRUMENTS
Call rates end higher
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CREDIT CARDS & DEBIT CARDS
SBI offers cash back on debit cards
Mumbai, July 4 State Bank of India has launched a cash back campaign for its debit card holders from July 1 to August 31, said a press release from the bank. During this period, customers of SBI and its associate banks using their debit ... More

MORTGAGE
Database on non-farm mortgage loans planned
Bangalore, July 4 A group of banks have come together for setting up a control registry mechanism that involves creation of a data base on mortgage loans for non-agricultural property.The banks included Syndicate Bank, Canara Bank, ... More

FIXED DEPOSITS
SBT hikes NRE, FCNR rates
State Bank of Travancore (SBT) has hiked the interest rates for NRE and FCNR term deposits with effect from July 1. As per the revision, the interest rate for NRE deposits for a period of one year to less than years is 3.31 per cent (previous ... More

INTERVIEW
LIC Housing to pursue project finance focus
Higher NPAs unlikely though most of our loans are to retail segment More

CHANNELS AND FRANCHISES
In pact to vend MF products
Karnataka Bank Ltd has entered into a pact with ICICI Prudential Asset Management Company for distribution of the latter’s mutual fund products. A bank release said here that the memorandum of understanding was exchanged between Mr ... More