Indian Bank has revised interest rates on its foreign currency non-resident deposits for February. For FCNR(B) deposits, in dollar terms, the revised interest rate has been fixed at 2.57% against 2.58% for deposits of one year and above but less than two years, the bank said. For deposits of two years and above, but less than three years, interest rate has been revised to 2.47% against the existing 2.5%. For deposits of three years and above, but less than four years, the interest rate has been fixed at 3.83% from the existing 3.87%.
Jatinderbir Singh is new CMD of PSB
Jatinderbir Singh has taken over as chairman & managing director of Punjab & Sind Bank.?Singh, an IAS officer, previously worked as additional secretary in the ministry of water resources. ?
