Business Daily from THE HINDU group of publications
Wednesday, Aug 02, 2006

Cross Currency

Group Sites

Money & Banking - Interest Rates
Industry & Economy - NRIs
States - Private Banks
Karnataka Bank cuts NRE rates

Our Bureau

Mangalore, Aug. 1

Karnataka Bank Ltd has reduced interest rates on NRE deposits with effect from August 1. A bank release said here on Tuesday that interest rate on NRE term deposits has been reduced to 6.54 per cent (6.70 per cent) for one year to less than two years and to 6.44 per cent (6.70 per cent) for two years to less than three years.

For the maturity period of three years to five years, the rate has been decreased to 6.42 per cent (6.70 per cent), the release added.

More Stories on : Interest Rates | NRIs | Private Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Wells Fargo to set up IT, BPO centre

Rupee slips marginally
Rabo India unveils carbon credit trading product
Home loan rates, PLR go up
Oriental Insurance takes steps to curb losses in medical portfolio
Farmers may get part of claim before harvest
Fitch upgrades India's IDR
ICICI Bank to hire more banking correspondents
No increase in small savings, PF rates: Chidambaram
Karnataka Bank cuts NRE rates
`Tenure cut to ensure auction goes well'
Bond prices fall
No change in call rates
`Tax exemption on FDs an investment opportunity'
Bank customers urged to make use of redressal mechanism
Bank of Rajasthan plans Rs 100-cr rights issue

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line