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Union Bank, ICICI Bank hike NRE, FCNR deposit rates

Our Bureau

Mumbai , Jan. 2

Union Bank of India and ICICI Bank have raised the interest rates on NRE fixed and FCNR (B) deposits.

ICICI Bank has increased the interest rates on FCNR deposits denominated in US dollars by 9 basis points, and on euro and Canadian dollar denominated deposits by up to 10 bps and 15 bps, respectively for various maturities.

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