Date:03/12/2008 URL: http://www.thehindu.com/2008/12/03/stories/2008120355661500.htm

Business - Briefly

TMB hikes term deposit rates

THOOTHUKUDI: Tamilnad Mercantile Bank has increased its domestic term deposit rates for three years by 50 basis points from December 1. The new rates are: 11.50 per cent (11 %) for public and 11.75 per cent for senior citizens, says a bank release.