A P2+ rating has been asigned to the Rs 20 crore CPr of KCP Sugar and Industries Corporation Ltd.
The FAAA rating assigned to the FD Programme of Kudremukh Iron Ore Company Limited has been reaffirmed. The rating reflects KIOCL's favourable capital structure, its track record of profitability and strong government support.
Canara Bank has reduced interest rates in various categories of deposits with effect from yesterday. Interest rates on deposits of 3 years and above have been brought down by 0.5 percentage points to 10 per cent from 10.5 per cent. eta name="description" content="">
