The Reserve Bank of India has announced a three day, fixed rate repo at six per cent today. Applications should be submitted by 1.30 pm and payments should be made by 2.30 pm.
The RBI received and accepted one bid for Rs 87 crore at the three day six per cent repo yesterday.
Centurion Bank has revised its interest rates for term deposits with effect from May 19 as follows: 15 days-30 days - seven per cent, 31 days-45 days: eight per cent, 46 days - 90 days: nine per cent, 46 days - 90 days : nine per cent, 91 days-180 days: 10 per cent, 181 days-one year: 11 per cent, over one year-two years: 11.50 per cent and over two years - 12 per cent. The bank's PLR has been lowered from 16 per cent to 15.5 %.