The Hindu Business Line : Karur Vysya hikes deposit rates

Karur Vysya Bank has effected an upward revision of 50 basis points on the rates offered on term deposits in time buckets ranging from 181 days to 3 years, from August 11. The interest on deposits for periods from 181 days but less than 1 year has been hiked by 50 basis points to 8.50 per cent and deposits in the one to two year time period by 25 bps to 9.75 per cent (9.50 per cent) and deposits maturing beyond 2 years and inclusive of 3 years would earn 10 per cent (9.75 per cent). It has also hiked its benchmark prime lending rate to 15.25 per cent with immediate effect. - Our Bureau

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