The revised rates are applicable from May 12, the bank said in a statement here today. It has increased MC by 5 to 10 bps across various tenors. The bank has increased it's one-year MCLR to 8.65 per cent. *********** Exim Bank extends USD 500 mn to Tanzania for water projects *
Export-Import Bank of India (Exim Bank) today said it has extended a line of credit (LOC) of USD 500 million to the Tanzania government for water supply scheme in 23 towns of the country.
With this, Exim Bank, so far, has extended six LOCs to Tanzania taking the total value of LOCs extended to USD 1.1 billion.
Projects covered under the LOCs extended to Tanzania include supply of tractors, pumps and equipment, financing purchase of vehicles, extension of Lake Victoria pipeline to Tabora, and water supply schemes in Dar-es-Salaam. ************* Bajaj Finance increase fixed deposit rates by up to 8.35% *
Bajaj Finance, the lending and investment arm of Bajaj Finserv, has increased fixed deposit rates to 8.10 per cent from 7.85 per cent for a tenor of 36-60 months.
For the existing customers, fixed deposits rates have been raised up to 8.35 per cent for a tenor of 36-60 months.
Senior citizens can earn an interest rate of 8.45 per cent for a tenor ranging between 36 to 60 months, the company said.
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