Bajaj Finance in focus after raising funds via NCDs

Bajaj Finance said that its debenture allotment committee at its meeting held on 4 September 2017, allotted 5,050 non-convertible debentures (NCDs) aggregating to Rs 505 crore on private placement. The announcement was made after market hours yesterday, 4 September 2017.

Wipro announced the launch of its newest digital pod in Edinburgh, Scotland, deepening its commitment to offer digital services at close proximity to its UK and European customers. The announcement was made after market hours yesterday, 4 September 2017.

The Edinburgh Pod is purpose built for Wipro's digital strategy, design and engineering teams to work in a collaborative and adaptive workspace, along with clients. Digital pods allow teams to work with the necessary autonomy to facilitate speed, continually evaluating progress with user research and technical performance data.

Bank of Baroda said that Life Insurance Corporation of India sold 2.039% or 4.69 crore shares of the bank in the open market from 10 July 2017 to 1 September 2017. After the sale, LIC now holds 7.249% stake in the bank. The announcement was made after market hours yesterday, 4 September 2017.

Karnataka Bank said that it has reduced its one year marginal cost of funds based lending rate (MCLR) by 5 basis points from 1 September 2017. With the reduction, one year MCLR stands at 8.85% per annum. The announcement was made after market hours yesterday, 4 September 2017.

To support the women entrepreneurs, the bank has decreased the rate of interest on its KBL-Mahila Udyog Scheme to 9.9% from 1 September 2017. The bank is offering housing loan upto Rs 75 lakh at a competitive interest rate of 8.6% per annum, which is linked to 6 months MCLR of the bank.

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