Dhanlakshmi Bank deposit rates
The public sector Dhanlakshmi Bank has fixed the rates for domestic deposits at 7 per cent (for deposits above 15 days and less than 44 days), 9 per cent (45 to 179 days), 9.5 per cent (for deposits above 180 days but less than one year) and 10.5 per cent for deposits more than one year but less than two years. For NRE (non-resident external) deposits of 6 months to one year, the deposit rates have been fixed at 9.5 per cent and for one year up to two years the new deposit rates are 10.50 per cent. These rates areeffective from April 1, 1999, a bank press release said.

TimesBank opens branch in Kerala
TimesBank has opened a branch at Kottayam, taking its total number of branches in Kerala to two. A press release issued by the bank some time back said that the bank has grown to a 35 branch network in the last four years and it has also sought the Reserve Bank's approval to expand by opening five new branches-one each at Panjim, Vasco, DumDum, Ahmedabad and Mumbai.

Governor's plea to banks
The Kerala governor, Sukhdev Sing Kang on Wednesday said that banks should be prepared to evolve a business method so as to lend a helping hand to the weaker sections in the country. Inaugurating the centenary celebrations of the Kozhikode-based Nedungadi bank here, he said it was a phenomenal achievement on the part of the Nedungadi bank to survive for 100 years in times of pure commercial and political interests.