Financial Daily from THE HINDU group of publications
Tuesday, Dec 31, 2002
Financial Daily from THE HINDU group of publications Tuesday, Dec 31, 2002 |
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Money & Banking
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Fixed Deposits Netravati Grameena hikes deposit rates Our Bureau
MANGALORE: Netravati Grameena Bank has increased its interest rates on term deposits invested for a period of over one year to 8 per cent, with effect from December 27. According to a release issued here today, the bank also offers an additional 0.5 percentage points on bulk deposits of Rs 15 lakh and above. The bank has reduced its interest rates on advances with the intention of promoting investment in agriculture and other `income-generating activities'. The bank now charges 12 per cent on loans granted against pledged jewels, the release has added.
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