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Tuesday, May 03, 2005

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Industry & Economy - NRIs


Vijaya Bank, State Bank of Mysore revise deposit rates

Our Bureau

BANGALORE: Vijaya Bank has effected a downward revision in the non-resident rupee deposit rates.

According to a bank release, the new rates take effect from May 1.

State Bank of Mysore has also revised its foreign currency deposit rates. However, the bank has opted for reducing the rates contrary to international trends where rates were rising.

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