BOC India Q2 PAT at Rs 7.08 crore
BOC India limited, on Monday, announced in Kolkata that it has achieved a turn over of Rs 107.25 crore for the quarter ended September 30, 2007, compared to Rs 134.22 crore in the year ago period. The company achieved a net profit (PAT) of Rs 7.08 crore for this quarter.

IDBI’s offer for home buyers
IDBI, on Monday, announced that it has come out with a special offer for home-buyers for the upcoming festive season. The Bank will be offering floating interest rate on fresh home loans at a concessional interest rate of 10.50 per cent for loans disbursed between October 12 and December 31, the bank said in Mumbai. IDBI has also launched ‘buy now, pay later’ scheme.  

CanBank lowers interest rates
Canara Bank on Monday reduced the rate of interest on personal loans “Canbudget” by 0.50 per cent and on vehicle loans by 0.25 per cent for fresh loans with effect from 17/10/2007. The rate of interest on Canbudget loans will be 13.25 per cent and on auto loans shall be 11.50 per cent, per annum.

SBI MF’s capital protection fund
SBI Mutual Fund on Monday in Mumbai launched the first series of its close ended capial protection oriented fund with a 5-year maturity period and a minimum investment limit of Rs 5000. The new fund offer (NFO) is opening on Oct 15 and would close on November 23. Objective of the fund is to protect capital invested through focused investments in debt and money market instruments as well as equity.

UCO Bank to raise Rs 200 cr
UCO Bank which has received the union finance ministry’s approval for launching an FPO (follow-on public offer), is planning to tap the capital market around the 4th quarter of the 2007-08 with a Rs 100 crore issue, Chairman & Managing Director S K Goel said in Kolkata on Monday. The bank pointed out that it has got the nod for raising close to Rs 200 crore as part of FPO. The government holding in the bank which currently stands at 76 pc, is to come down to 54.5 pc after the proposed stake dilution.