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Banks
told to go soft on farm loans
New Delhi: Indian Finance Minister Jaswant Singh
has asked the banks to align the interest rates for agriculture
and rural sectors with the soft interest rate structure
in the rest of the economy.
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Kerala
co-op bank gets Nabard award
Thiruvananthapuram: The Kerala State Cooperative
Agricultural and Rural Development Bank and the primary
cooperative agricultural and rural development banks at
Hosdurg, Tirur and Meenachil have bagged the Best Performance
Awards instituted by the National Bank for Agriculture
and Rural Development.
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H1
rating for CMC, Vellore
New Delhi: ICRA has assigned H1 grading to Christian
Medical College and Hospital, Vellore. The institution
is categorised as a super-speciality teaching hospital.
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Nabard
hopeful of Rs 1,500-crore mop-up
Mumbai: The National Bank for Agriculture and Rural
Development expects to mop up around Rs 1,500 crore from
its capital gains bonds issue during the current fiscal.
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Syndicate
Bank hikes short-term bulk deposit rates
Mangalore: The public sector Syndicate Bank has
hiked short-term deposit rates by 50 basis points (0.5
per cent) for bulk deposits (between Rs 50 lakh and Rs
1 crore) to 4.5 per cent.
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PNB
lowers deposit rates
New Delhi: Punjab National Bank (PNB) has reduced
the rates of interest on domestic term deposits with effect
from 7 November 2002. The maximum rate for maturity period
of three years and above stands decreased to 6.75 per
cent (existing 7 per cent).
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State
Bank union threatens stir
Kochi: The State Bank's Staff Union (Kerala Circle),
affiliated to the All-India State Bank of India Staff
Federation, has threatened direct action to protest "violation
of bilateral service agreements'' and invoking of police
intervention in branch premises to settle what are largely
labour disputes.
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