State Bank pegs its tier-II bonds' coupon at 10.8%
The State Bank of India (SBI) will offer a coupon rate of 10.80% on its proposed tier-II bonds issue being launched later this week, the issue's arranger said on Monday.

CCB Financial, NCB to merge in $1.95bn deal
National Commerce Bancorporation (NCB) and CCB Financial Corp., two banks based in the southeastern United States, said on Monday they agreed to merge in a deal valued at about $1.95 billion.

Canadian companies keen to invest in local power sector
Canada, which has over 40 years of power links with India, has identified power as a priority sector in India as it is embarking on massive production plans with private sector participation, restructuring of electricity boards etc.


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