Bank of India deposit rates: Bank of India is revising its term deposit rates with effect from April 12. The revised rates for term deposits maturing between 15 and 45 days will be 5 per cent, 61-179 days 6.5 per cent, one year to less than two years 9 per cent and for a period three years and above 10.5 per cent. The bank has also revised its NRI deposits.

Can Fin reduces rates: Can Fin Homes, the housing finance arm of Canara Bank, has reduced its interest by 50 to 100 basis points. For loans up to Rs 2 lakh the rate will be 13.5 per cent against the earlier rate of 14 per cent. For those between Rs 2 lakh and Rs 5lakh, it will be 13.5 per cent against 14.5 per cent. For loans exceeding Rs 5 lakh, it will be 14.5 per cent down from 15.5 per cent.

IBA paper on corporate governance: The Indian Banks' Association made a presentation on corporate governance before finance secretary Vijay Kelkar on Wednesday. The association called for a recast of bank boards by bringing in professionals and executive directors of banks on the board. "The banks must be board-driven. What we are looking for is empowerment of bank boards," IBA secretary MN Dandekar said. In effect, the IBA wants dilution in the role of the banking division of the finance ministry.

Triumph International: Triumph International Finance India has achieved income from operations of Rs 7.81 crore for the financial year ended 1999 as compared to Rs 2.67 crore in the 1998. Its net profit increased to Rs 2.52 crore as compared to Rs 0.37 crore. The securities brokerage operations of the company has grown significantly with the trades amounting to Rs4,300 crore netting in brokerage income of Rs 5.21 crore executed.