Bank Of India Snips Term Deposite Rates

The board of trustees of LIC Mutual Fund (LICMF) have approved dividends ranging between 2.5 to 12 per cent on five of its mutual fund schemes. LICMF has declared a three per cent dividend on its bond fund and a 2.5 per cent dividend on its gilts fund, a company release said here yesterday.

Crisil yesterday assigned high safety (AA-) rating to the proposed Rs 150 crore NCD issue of Tata Finance Ltd. The rating agency also reaffirmed the highest safety (P1+) to the company's Rs 100 crore CP and high safety (AA-) rating to previous NCD issue of Rs 200 crore.