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Most banks fix base rate at 7.75-8.25%

MUMBAI: A host of banks on Wednesday fixed their new minimum lending or base rates between 7.75 and 8.25 per cent, while some small players like Dhanalakshmi Bank and DBS pegged it below the rate announced by the market leader SBI.

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First loan cheque from EDC

PANAJI: Mr Agnelo N Fernandes, MLA and chairman, EDC Ltd today handed over the first cheque to the beneficiary of the personal loan scheme for Government employees, launched by EDC Ltd.

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SBI base rate to be 8% or below

MUMBAI: India’s premier bank, State Bank of India’s base rate (for lending) to come into effect from July 1 would be below 8 per cent, a top bank official said. “It (the base rate) will not be more than eight per cent—it will be eight per cent or below,” SBI’s Chairman, O P Bhatt, told reporters here today.

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Wipro bags Microsoft country partner award for India

MUMBAI: IT major, Wipro, today said that it has bagged the 2010 Microsoft Country Partner of the Year Award for India. Wipro has been chosen out of an international field of top Microsoft partners as delivering market-leading customer solutions built on Microsoft technology, a company press release said here.

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