BoB raises rates for senior citizens
Mumbai: Bank of Baroda (BoB) has revised upwards the interest rates for term deposits of senior citizens for various maturities with effect from March 1.
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Nabard launches Rs 50, 000 crore fund
Mumbai: Nabard has launched the Rs 50,000-crore Lok Nayak Jai Prakash Narain Fund for agriculture infrastructure and credit as announced in the interim Budget.

The existing Rural Development Infrastructure Fund, managed by Nabard, will come to an end. The resource mobilisation for the new fund will be from banks having shortfall in agriculture lending. About Rs 12,000 crore will be mobilised for the first year of operation through this route, Nabard said in a release.
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Allahabad Bank to distribute ECGC products
Kolkata: ECGC Ltd yesteray signed a bancassurance agreement with Allahabad Bank for sale and marketing of its various insurance products to Indian exporters.
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