BoB links home loans to repo rates

Following its larger peer SBI and others, the second largest state-run lender Bank of Baroda has also introduced repo rate-linked home loans. With this new variant, customers will have the option to select between MCLR-linked rate, which is indexed to the bank's cost of funds or a rate linked to RBI repo rate.

SBI, and five other state-run lenders like Canara, BoI and others have already announced repo-linked loans as well as deposits. ************** Praj Industries in ethanol tech pact with Brazilian co Technology solutions firm Praj Industries has entered into an agreement with Dedini Indstrias de Base under which it will allow the Brazilian company to sell its ethanol production technology in the Latin American nation.

Dedini will market Praj's ethanol technology and set up ethanol production facilities using grain-based feedstock and modernise its existing plants in Brazil, the company said in a statement Monday. Dedini is an engineering major and market leader in alcohol distillation plants, among other lines of products and services.

************** Rupeek raises $30 m from Bertelsmann, Accel, Sequoia Fintech firm Rupeek has raised USD 30 million in funding from Bertelsmann India Investments along with its existing investors Accel and Sequoia India. The funds will be used towards product development and market expansion, the Bengalru-based company that operates in gold lending space said Monday..