London - The Bank of England Thursday left interest rates unchanged at 5 per cent, it said.

Amman - Jordan's reserves of hard currencies grew by 11 per cent in the first seven months of the year, the Central Bank of Jordan (CBJ) announced Thursday.

The services of leading private bank HDFC were largely affected due to some technical problems in its network in the entire country.

Many customers faced problems for ATM operations, net banking and other banking related applications.

The technical snag also affected its retail services. The bank officials confirmed the problem and said that all things would come under control within a short time. The technical teams are trying their best in order to resolve the problems and bring the situation normal.

After a long time, the government has agreed to return a part of equity capital in UCO bank. This returned equity capital will be converted into non-convertible preferences shares for 10 years.

The existing shareholder would definitely be benefited from this conversion, but the Govt. will be cost around Rs 900 crore at current market price. This conversion will lead to hike in the share price, and thus the move may be beneficial.

State Bank of Bikaner & Jaipur has fixed October 20 as the record date for the purpose of sub-division/stock split of Rs 100 per share of the bank into the shares of Rs 10 each.

The government on Monday appointed Finance Secretary Duvvuri Subbarao as the new 22nd governor of the Reserve Bank of India.

Mr. Subbaro had been chosen in the place of Y.V. Reddy, who would complete his term on 5th September.

“The order of appointment has been issued. He will assume office when Mr. Reddy demits office,” informed Finance Minister P. Chidambaram at a press conference.