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Depositors pleased all the way to the bank and literally so, as interest rates offered by banks on deposits reached nearly 10 %. There are many public sector banks (PSU banks) now offers 9.75 % interest, and private peers have already raised interest rates beyond 10 %. As the strongest interest rates increasing by about […]

Godrej Properties has entered into a pact with State Bank of India to market its realty projects to customers across India and overseas. Both companies jointly plan to host various co-promotional activities for customers in India as well as for non residential Indians in countries like the UK, US, and Singapore. Under this joint effort, […]

State lenders are becoming the choice for leading technology companies bankers, offering attractive returns compared to their private sector counterparts. Tata Consultancy Services (TCS), Infosys Technologies and Wipro, the top three software outsourcer in the country, has been parked most of the deposits (65-82%) and the national government. In 2008 it was the fear of […]

Barclays, the UK’s second-largest bank, plans to wind up its medium and small business division in India as it realises that cross-selling of investment banking and normal banking was not developing as expected, two people familiar with the matter said. The business that gobbled quite a bit of capital is not justified given that the […]

With an improved yield on loans, LIC Housing Finance on Wednesday posted a 21 per cent growth in net profit at Rs 256 crore for the first quarter ended June 30, as against Rs 212 crore a year before. Total income for the reporting quarter ended June rose 40 per cent to Rs 1,418 crore, […]