DHANLAXMI BANK LIMITED 
By • Offers peak interest rate of 10.10% p.a. for 3-5 year deposits
Mumbai, January 3, 2012: Dhanlaxmi Bank, one of India's fastest growing mid-size private sector banks, has announced an upward revision of interest rates on Non-Resident External (NRE) Rupee term deposits across various maturities, effective January 4, 2012.
Interest rates for medium term deposits of 366 to 499 days,
500 days and for deposits above 501 days and above up to two
years have been increased to 9%, 9.75% and 9.00% p.a.
respectively.
For term deposits above 2 years and up to and inclusive of 3
years, interest rates have been increased to
8.75% p.a. from 8.00%. The bank has added a new maturity
above 3 years up to and inclusive of 5 years, where the bank
will offer a peak rate of 10.10% p.a. from 7.75% p.a.
earlier. Interest rates for long term deposits above 5 years
and up to and inclusive of 10 years have been revised to
9.00% p.a. from 7.75%.
Speaking on the revised rates, Mr. Salil Datar, Head, Branch
Banking & NRI Business, Dhanlaxmi Bank said: "While NRI
remittances in the country have increased due to depreciation
in the rupee, our revised rates will now make NRE term
deposits an attractive proposition vis-à-vis other investment
avenues."
These rates are applicable on deposits of up to and inclusive
of Rs 1 crore.
About Dhanlaxmi Bank:
Dhanlaxmi Bank is an 84-year old bank, being incorporated in
1927 at Thrissur, Kerala. In the last three years, it has
transformed into a well diversified bank with a pan-India
presence from being an SME focused South India based bank.
With a network of 275 branches and 404 ATMs covering 140
centers across 14 states, the bank services a broad customer
base of over 2 million. The bank provides a suite of banking
products and services to its customers across Retail Banking,
Wholesale Banking, Microfinance and Agricultural Lending and
Small and Medium Enterprises Group.
During the last three years, Dhanlaxmi Bank's total deposits
increased from Rs.3,936 crore as on September 30, 2008 to Rs.
13,815 crore as on September 30, 2011, advances rose from Rs.
2,490 crore as on September 30, 2008 to Rs. 10,130 crore as
on September 30, 2011. The bank's total business stood at Rs.
23,945 crore, as on September 30, 2011 with total asset base
at Rs. 16,452 crore.
The shares of the bank are listed on the Bombay Stock
Exchange Limited, the National Stock Exchange of India
Limited and the Cochin Stock Exchange.
For additional information please log on to www.dhanbank.com
Ravindra Kanchan
Associate Vice-President, Corporate Communications
Dhanlaxmi Bank
Mobile: +91 - 96198 58132
Email: ravindra.kanchan@dhanbank.co.in
| distribué par | Ce noodl a été diffusé par Dhanlaxmi Bank Limited et initialement mise en ligne sur le site http://www.dhanbank.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-03 10:04:15 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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