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BoI rationalises its home loan rates

Mumbai, Aug 22: Public sector lender Bank of India has rationalised its interest rate on home loans upto Rs 30 lakh and above with effect from August 10. Interest rates on loans upto Rs 30 lakh have been retained at existing range of 9.50 per cent per annum to 10.00 per cent.

Interest rates on loans over Rs 30 lakh range between 10.25 per cent to 11.75 per cent, the bank said in a statement. The revised rates are applicable to new loans only, it added.

UNI

Bank of India net up 100 pc to Rs 511.89cr

New Delhi, Jan 22: Bank of India today said its net profit increased by 100 per cent to Rs 511.89 crore for the third quarter ended December 31, 2007 compared to Rs 254.87 crore in the corresponding quarter last year. Total Income has increased 43 per cent to Rs 3,705.21 crore for the quarter ended December 31, 2007 from Rs 2,579.45 crore in the same period last year. UNI.....
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