Consumer durables firms to give value added offers      
The company is also planning to give a lot more consumer finance options along with the value additions. For the Durga Puja in West Bengal, TCL India is offering a chance to win a trip to China to customers in the eastern part of India.
 
OBC revises FCNR rates upward      
Oriental Bank of Commerce (OBC) has revised its interest rates on foreign currency non resident (FCNR) deposits on all maturities from one to five years in respect of US dollars, British Pound, Euro, Australian dollar and Canadian dollar denominated deposits.
 
PNB revises Nonresident Deposits rates upward      
The rate of interest on GBP deposits has been revised to 5.82 per cent for 1st maturity, 5.46 per cent for 2nd maturity, 5.36 per cent for 3rd maturity, 5.29 per cent for 4th maturity and 5.23 per cent for 5th maturity. The rate of interest on EURO deposit has been revised to 4.03 per cent for 1st maturity, 3.78 per cent for 2nd maturity, 3.81 per cent for 3rd maturity, 3.80 per cent for 4th maturity and 3.81 per cent for 5th maturity.
 
Centurion Bank of Punjab targets growth in Kerala      
Centurion Bank of Punjab (CBoP), the private sector bank in to which Lord Krishna Bank (LKB) got merged recently, plans to build a larger branch network in Kerala. CBoP will now have 92 branches and extension counters, 8 marketing offices, 24 ATMs and about 300,000 customers, supported by over 950 employees in Kerala.
 
RBI Annual Report for review of payment system      
The Reserve Bank of India (RBI) will conduct an annual review of the payment and settlement systems to ensure that customers receive timely, cheap and dependable service. The first review is proposed for the year-ended March 31, 2007. Business Standard reports that the review will be based on parameters like timeliness of customer service, cost of operation, service charges and the overall impact on the financial system.
 
Indusland Bank looking for a new name and image to attract customers      
Indusland Bank looking for a new name and image to attract customers Indusland Bank wants to consolidate its presence in the private sector banking in India and has started hunting for a new name.
 
White goods majors line up price hikes      
Consumer durable companies will embark upon a dual strategy of hiking prices of white goods and simultaneously launching hi-tech models in refrigerators, washing machines and microwave ovens. Reports say that consumer durables majors like Videocon, LG, Samsung and Haier are all planning price hikes by 2-7 per cent.
 
SBI Life to bring retail loans under one head      
With the launch of this group credit protection product, the bank targets the total premium income of Rs 500 crore by the end of fiscal 2007-08, reports Business Standard. This group insurance scheme will integrate its current and newer products to broaden SBI Lifeâ€TMs retail base. The company will raise the limit of the non-medical cover from Rs 20 lakh to Rs 35 lakh to attract more retail customers.
 
PNB hikes fixed deposit rates      
Realigning its interest rates to market rates, Punjab National Bank (PNB) has raised interest on fixed deposits by 25 to 125 basis points for various maturities with effect from August 16. It is not a hike but an adjustment to the market rates after it was noticed that these rates were not revised upward in last two years says a Business Standard report.
 
Unsecured Personal Loans the Great Opportunity Without Stake      
Through these loans, the borrowers are empowered to take up money for their needs which are personal like holiday travel, buying a car, debt consolidation, buying a boat, wedding expenses, funds for education etc. Any needs of the borrower which requires money can be fulfilled through these loans. The borrowers are not required to pledge any assets with the lender and this is what makes these loans so different and beneficial. This feature opens up the opportunity for tenants and non-homeowners in addition to homeowners who have the liberty to not pledge collateral for money with them. The borrowers just have to be employed since the last 6months and have to have a regular residence since the last 3months.
 
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