State Bank of India (SBI) and Kotak Mahindra Bank today raised interest rates on non-resident deposits. SBI said interest rates on non-resident (external) rupee (NRE) term deposits would be raised by up to 574 basis points across maturities from January 1. The maximum tenure for these deposits has been increased from five to 10 years.
Free Intraday Stock tips for Tommorow - 29th December 2011
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