Bank of India has revised the rates of interest on domestic and non-resident deposits with effect from October 11. On domestic term deposits the revised rates would be 8 per cent for 46 days to 179 days, 8.5 per cent for 1 year to less than 2 years and 10.5 per cent or 3 years and above. The rates of interest in respect of other maturities remain unchanged. An additional interest rate of 0.5 per cent is also payable on domestic bulk deposits (single deposit of Rs 15 lakh and above to less than Rs 10 crore) for maturities of less than 1 year. In respect of single deposit of Rs 10 crore.

T-bills devolved

Both the 14-day and 91-day treasury bills devolved on the RBI at the auction held on Friday. The 91-day treasury bill fully devolved on RBI even though the yield was maintained unchanged at 9.48 per cent meanwhile 75 per cent of the 14-day T-bills devolved on the central bank. For the 14-day T-bills, the central bank received 13 bids for Rs 134 crore out of which it accepted one bid for Rs 25 crore. The yield was pegged at 8.63 per cent, 26 basis points higher than the previous levels. For the 91-day T-bills, RBI received 13 bids for Rs 114 crore.

HDFC half-yearly result on Oct 25

The board of directors of HDFC will meet on October 25 to consider the unaudited results for the half year ended September 30, the BSE said.

ICICI paper

ICICI's overseas bond was quoting at 350/350 basis points over the US treasury benchmark on September 30 and not 415/445 basis points as mentioned in the story `Moody's move sees overseas Indian paper yields fall by 40 basis points' in The Financial Express on Friday. The quotes were pegged at 320/280 on October 7.