The company is also planning to give a lot more consumer finance options along with the value additions. For the Durga Puja in West Bengal, TCL India is offering a chance to win a trip to China to customers in the eastern part of India.

Oriental Bank of Commerce (OBC) has revised its interest rates on foreign currency non resident (FCNR) deposits on all maturities from one to five years in respect of US dollars, British Pound, Euro, Australian dollar and Canadian dollar denominated deposits.

The rate of interest on CAD deposits has been revised to 4.24 per cent for 1st maturity, 4.06 per cent for 2nd maturity, 4.10 per cent for 3rd maturity, 4.11 per cent for 4th maturity and 4.12 per cent on 5th maturity.

The combined entity has a balance sheet size of around Rs. 23,000 crores, with deposits of approximately Rs. 18,000 crores, net advances of approximately Rs. 13,000 crores and total business of approximately Rs. 31,000 crores.

The board has recommended exploring the option of setting up a low cost cross-border remittance system with neighbouring countries, especially Nepal, and also proposed an assessment of the real time gross settlement (RTGS) system and bringing all RTGS-enabled branches under the national electronic funds transfer (NEFT) system.

The bank management wants to complete the change of name exercise by November 2007 and launch a nationwide media campaign thereafter.The campaign is scheduled to g on till March 2008 with an initial budget of Rs 10 crore.

Fedders Lloyd Corporation is planning to launch new models of Llyods microwave ovens and washing machines with different prices toplug various price gaps.

With the launch of this group credit protection product, the bank targets the total premium income of Rs 500 crore by the end of fiscal 2007-08, reports Business Standard.

PNB increased deposit rates by 125 basis points to 8.75 per cent for 2-3 year deposits below Rs 15 lakh from 7.5 per cent.

The borrowers are allowed to borrow an amount in the range of £1000-£25000 for their needs depending upon his monthly cash inflow. The borrower has to repay them in a term of 6months to 10 years. The rate of interest for these is usually higher than other secured loans as there is no guarantee pledged with the lender. A certain risk is always there about the repayment of the loan amount. So a higher rate covers the risk involved.