Date:07/10/2008 URL: http://www.thehindu.com/2008/10/07/stories/2008100756121500.htm

Business - Briefly

KVB raises term deposit rates

KARUR: Karur Vysya Bank has raised the rate of interest by 75 basis points on deposits of 1-3 years with effect from October 6, according to a bank release. Senior citizens will receive an interest rate of 11.50 per cent against 10.75 per cent for the same period. The interest rates on other term deposits remain unchanged. — Corporate Reporter