SBI appoints new general manager: AG Kalmankar has been appointed as general manager, development and personal banking, of the Mumbai circle of State Bank of India. Kalmankar joined SBI as a probationary officer in 1968. He was earlier working in the commercial banking department of SBI, Bangalore branch.

Three-day repos results: The RBI on Tuesday did not receive any application for the three-day 5 per cent fixed-rate repos in Government of India dated securities.

Three-day repos today: The RBI has announcedthree-day fixed rate repos in Government of India dated securities on July 15 for parties holding SGL and current accounts. Payment by application will be on July 15 and repurchase by the RBI on July 18.

Icra downgrades SBI Home Finance debt plan: Icra has downgraded the fixed deposit programme of SBI Home Finance from MAA to MA+. The revised rating indicates adequate safety. The financial position of the company has been adversely affected by the deterioration in the asset quality. The profitability has declined on account of reduction in housing loan yields, non-recognition of income owing to NPAs and provisioning requirements.

Corporation Bank revises rates: Corporation Bank has revised the interest rates on its domestic term deposits. The bank will now offer 5.5 per cent on a maturity slab of 15-29 days, 6 per cent for 30-45 days, 7 per cent for 46-90 days, 8.5 per cent for 91-179 days, 9.5 per cent for 180 days-one year, 11 per cent for one-two years, 11.5 per cent for two-three yearsand 12 per cent for three years and above.