Union Bank lures investors with 8% interest on deposits
Published Wednesday, September 06, 2006 by Money Man Mike | E-mail this post
New Delhi: Like peers in the banking sector, Union Bank of India on Friday launched a new deposit scheme to attract small investors by giving 8 per cent interest and 8.5 per cent to senior citizens.
Dhingra said the funds will be utilised to give more loans to customers as credit growth is robust.
Tagged: investment
About me
- I'm Money Man Mike
- My profile
Previous posts
- Brokers no more a safe bet to investors
- RBI allows PDs to invest and trade in equity
- VCs continue to invest in India, Cleartrip.com is set for operations
- Indian shares slip in volatile trading, reversing early gains
- Japanese firms to up investment in India
- Corporate loan rates are set to rise
- Opening Bell: 5.16.07
- Shareholder Activism: Trendier Than We Thought. Up 16%.
- Technical Attack
- Selling Annuity Payments for a Lump Sum of Cash