For deposits of two years and above but less than three years, the interest rates have been revised to 2.52 percent from the existing 2.56 percent.
Public sector Indian Bank has revised its foreign currency non resident (banking) deposit interest rates with immediate effect. For FCNR (B) deposits, in US Dollar, the revised interest rate has been fixed at 2.53 percent for deposits of one year and above but less than two years, compared to the existing 2.55 percent.
For deposits of two years and above but less than three years, the interest rates have been revised to 2.52 percent from the existing 2.56 percent, Chennai-based Indian Bank said in a statement today.
Interest rates have been changed to 3.91 percent for deposits of upto three years and above but less than four years compared to the existing 4.02 percent, it said.
For deposits of four years and above but less than five years, the interest rates has been revised to 4.29 percent from existing 4.45 percent, it said.
Interest rates for deposits of up to five years have been fixed at 4.62 percent from the existing 4.81 percent, the statement added.
Also Read: Indian Bank Q4 profit down 7% to Rs 271.28 crore
Indian Bank stock price
On June 02, 2014, Indian Bank closed at Rs 175.00, up Rs 4.70, or 2.76 percent. The 52-week high of the share was Rs 198.90 and the 52-week low was Rs 60.50.
The company's trailing 12-month (TTM) EPS was at Rs 24.93 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 7.02. The latest book value of the company is Rs 274.64 per share. At current value, the price-to-book value of the company is 0.64.
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