IDBI Bank revises base rate, BPLR and interest rates on deposits

IDBI Bank’s revised interest rates are effective from 8 February 2011

IDBI Bank Ltd has decided to increase the retail term deposit rates by 25-125 basis points (bps) in various maturity buckets. The revised interest rates are effective from 8 February 2011.

IDBI Bank has decided to increase its base rate by 50 bps to 9.5% and benchmark prime lending rate (BPLR) by 25 bps to 14%, respectively. The new base rate and BPLR will be effective from 8 February 2011.

On Monday, IDBI Bank ended 2.20% down at Rs133.30 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.16% to 18,037 points.

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SBI Mutual Fund introduces Debt Fund Series 180 Days-15

SBI Mutual Fund’s new issue closes on 8th February

SBI Mutual Fund has launched SBI Debt Fund Series 180 Days-15, a close-ended income scheme.

The investment objective of the scheme is to provide regular income, liquidity and returns by investing in debt instruments such as government securities, PSU & corporate bonds and money market instruments maturing on or before the maturity of the scheme.

The new issue closes on 8th February. The minimum investment amount is Rs5,000.

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IDFC Mutual Fund floats Fixed Maturity Plan-Yearly Series 37

IDFC Mutual Fund’s new issue closes on 9th February

IDFC Mutual Fund has launched IDFC Fixed Maturity Plan-Yearly Series 37, a close-ended income scheme.

The investment objective of the scheme is to generate income by investing in debt and money market instruments maturing before the maturity of the scheme.

The new issue closes on 9th February. The minimum investment amount is Rs10,000.

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