Date:05/07/2006 URL: http://www.thehindu.com/2006/07/05/stories/2006070502431603.htm

Business - Briefly

TMB raises NRE, FCNR-B deposit rates

TUTICORIN: Tamilnad Mercantile Bank Limited (TMBL) has hiked the interest rates by 30 basis points for maturity periods between one year and below three years, on its Non-Resident External (NRE) term deposits. Similarly, interest rates were raised by 25 basis points for maturity periods of three years, a release said. Apart from this, the bank has hiked the interest rates on its Foreign Currency Non-Resident-bank (FCNR-B) term deposits across different slabs.