Central Bank of India hikes lending rates
Central Bank of India has hiked its prime lending rate (PLR), medium term lending rate and prime term lending rate by 50 basis point with effect from August 3. The PLR and MTLR has been hiked to 12.5% and the PTLR has been hiked to 12 per cent, a bank release said.GHFC to lend to NRIs
Global Housing Finance Corporation (GHFC) has been permitted by the RBI to extend housing loans to non-resident Indians (NRIs) for purchase/construction of houses in India. The loans which will be repayable over a period of seven years have an interest rates at 13 per cent per annum, a company release said.BoB picks consultant for insurance
Bank of Baroda has appointed a consultant for its foray into the insurance sector, chairman and managing director PS Shenoy said on Tuesday."The bank has already chalked out strategies and would enter the insurance sector after completion of all the formalities," he told reporters here.
Lazard appoints two new MDs
Lazard India has announced the appointments of Saurav Ghosh and Rajiv Saxena as managing directors. Ghosh was the executive director at KPMG, India while Saxena was a director in Lazard India.
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