State Bank of India officers called off their agitation on Thursday. The officers from Mumbai circle covering Maharashtra and Goa states were protesting since Monday against the bank's rural transfer policies that were resumed after a gap of eight years in 1996, the period when the matter was in the Supreme Court. The Supreme Court verdict in 1996 favoured SBI's policy which evoked strong protests from the 2,000-odd officers of Mumbai circle. The officers attended duty but wore black bands and badges to show their displeasure to the management. They (the management and officers) reached a settlement on Thursday which will be signed next week but senior management officials refused to divulge details.

BoI revises deposit rates

Bank of India has revised the interest rates on foreign currency non-resident deposits, non-repatriable non-resident deposits and domestic deposits with effect from August 21. For US dollar deposits, the rates are 4.75 per cent forsix months to less than one year, 5 per cent for one year to less than two years, 5.25 per cent for two years to less than three years and 5.5 per cent for three years maturity. "Rates for deposits in other currencies remain unchanged," said a BoI release on Thursday. For NRNR deposits, the rates are fixed at 7.5 per cent for six months to less than one year, 8.50 per cent for one year to less than two years, 10 per cent for two years to less than three years and 10.50 per cent for three years.

Repo window dry

The Reserve Bank of India did not receive any applications for the three-day fixed rate repo in government of India dated securities for parties holding sgl and current account. The interest rate for the three-day fixed rate repo was pegged at 6 per cent.

Crisil rates Caltex Oil

The Crisil has assigned a `P1' rating to the Rs 6 crore commercial paper programme of Caltex Oil India. "The rating factors the strong parentage of the company, demonstrated parent support and strategicimportance of the Indian market of the parent," a release said. The rating also takes into account the limited track record of its operations in India, the dominant market position of public sector oil companies.