CUB targets Rs 10,000 crore business
Coimbatore: City Union Bank Ltd is set to achieve a business of Rs 10,000 crore by 2007.
The bank is targeting to double its business within the next three years.

The total business at present is Rs 4,400 crore, with deposits at Rs 2,700 crore and advances at Rs 1,700 crore. The bank has targeted of a business volume of Rs 5,000 crore in the current fiscal.
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UCO Bank reduces crop loan rates
Kolkata: UCO Bank has reduced its interest rate on crop loans by half a percentage point. Effective March 1, loans up to Rs 50,000 will carry an interest rate of 8.5 per cent.

Loans between Rs 50,000 and Rs 2 lakh will carry a rate of 9.5 per cent, a press release issued here noted. The bank will also extend more incentives to senior citizens by increasing to one per cent the additional interest payable on their deposits from 0.5 per cent.
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Vijaya Bank launches Bangalore card
Bangalore: Vijaya Bank has launched Bangalore card in association with Visa. This card is aimed at account holders with Vijaya Bank's Bangalore branches and customers across Karnataka.
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RBI closes on-tap sale of 2015 loans
The Reserve Bank of India (RBI) has closed the on-tap sale of 5.85 per cent 2015 loans of eight state governments after receiving the target amount, on the first day of the sale. It will continue its sale for nine more states on Friday. The total target sale amount is Rs 42 billion.
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