Business - Briefly   

Indian Bank raises FCNR (B), NRE rates

CHENNAI: Indian Bank has raised the interest rates on FCNR (B) and NRE deposits with effect from June 1. According to a release, the rate for FCNR (B) deposits in U.S. dollars has been raised to 2.41 per cent from 2.33 per cent for deposits of one year and above but less than three years. The rates for other maturities also have been raised. For NRE term deposits, the interest rate has been increased to 3.16 per cent from 3.08 per cent for one year and above but less than two years. The rates for other maturities have also been raised. — Corporate Reporter

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Crude oil exempted from customs duty
Industry endorses Centre’s move on fuel price
TVS to make entry into West Bengal
Biocon launches pre-filled syringes
Rupee weakens
AMD launches Puma notebook chip line
China builds plant to turn coal into oil
Jindal Power signs MoU with Jharkhand Govt.
Emerging market infrastructure index
BIAL, L&T IT zone among SEZs cleared
PS Srijan group starts Chennai operations
Exchange Rates
Bullion Rates
Rentokil to consolidate South Indian operations
Indian Bank raises FCNR (B), NRE rates
SSL International launches Orthaheel
Consumer price index up one point
Air ticket cancellation through Yatra.com
Poseidon expands silicon recycling capacity
Online check-in on SriLankan flights

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu