Rupee up against dollar
Mumbai: Consistent investment inflows took the rupee up against the dollar this morning at 40.3320 / 3370 a dollar from overnight close of 40.3525/3625 a dollar at the forex market.

The call rate was steady at 0.25-0.35 per cent on Friday on easy liquidity.
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Corporation Bank cuts interest rate on home loans
Corporation Bank has reduced floating interest rate by by 25 basis points on fresh loans under 'Corp Home' for tenures between five 15 years.

The bank says the revised rates are applicable to the floating rate loans to be initially disbursed on or after 23 July.

The floating interest rates for housing loans of Rs20 lakh and below has been reduced from 10.5 per cent per annum to 10.25 per cent.

Interests on loans above Rs20 lakh stands revised from 11.5 per cent to 11.25 per cent.
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BoI in bancassurance deal with ING products
Bank of India has announced its agreement to distribute mutual fund products with ING Investment Management across all branches. BoI says it would offer the entire bouquet of ING mutual fund products through its branches.

The bank already has tied up with three other mutual fund companies. It plans to provide diverse financial products to its customers.
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Union Bank office in Abu Dhabi
The central bank of the United Arab Emirates has approved Union Bank of India's application to open a representative office in Abu Dhabi.

The bank says it would open its UAE office by December.

In May 2007 Union Bank opened its first representative office at Shanghai in China and also has RBI approval to open representative offices in Beijing and Guandong in China and a branch in Hong Kong.
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