PSBs Go All Out to Push Cheaper Retail Loans
Public sector banks (PSBs) to implement the finance minister’s instruction to link lending rates to the repo (the rate at which RBI lends to banks)....
Tag : Deposit Rates
SBI Cuts Deposit Rates, Shares Continue to Trade in the Red
On Monday, State Bank of India(SBI) cut the interest rate on deposits across all maturities, according to a report by media. The lender decided to...
SBI increases deposit rates
SBI has increased its retail deposit rates by 10-15 basis points (bps), across various maturity baskets. SBI on its website announced that, effective Wednesday, 7-45...
Bandhan Bank reduces deposit rates with effect from March 31
Bandhan Bank has lowered its deposit rates by up to 50 basis points. The bank now offers 7.50% for one year deposits as compared with...
Axis Bank has cut deposit rates by 50 bps
On Monday, Axis Bank has cut its deposit rates by up to 0.50 percent across maturities. A senior official said, “We have cut our deposit rates...