Search For "deposit rates"
SBI reduces MCLR and interest rates on time deposits across all maturities
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 9 (ANI): The country's largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost of funds-based lending rate (MCLR) by 10 basis points across all tenors.
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After SBI, more PSU banks link deposit and loan rates to repo
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 10 (ANI): More government-owned banks have announced linking their lending and deposit rates to the Reserve Bank of India's (RBI's) repo for facilitating faster transmission after the State Bank of India did so in May.
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Repo rate could touch 5 pc level by March 2020: SBI report
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 5 (ANI): The Reserve Bank of India (RBI) may cut repo rate by 25 basis points (bps) in its August 7 policy meet and further reduce it by 50 to 75 bps to achieve the level of less than or equal to 5 per cent by March 2020, according to State Bank of India's r
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SBI cuts interest rate on deposits across all maturities
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 29 (ANI): Government-owned State Bank of India (SBI) has slashed deposit rates on various tenors due to surplus liquidity and falling interest rate scenario.
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SBI introduces new interest rates from May Day
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 1 (ANI): State Bank of India (SBI), the country's largest lender, on Wednesday linked loan and deposit rates to the repo rate of Reserve Bank of India (RBI).
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Linking bank deposit rates with repo rates to speed up transmission proces
Updated : 7 years ago IST
Mumbai (Maharashtra) [India], Mar 9 (ANI): State Bank of India (SBI) Chairman Rajnish Kumar said on Saturday that the country's biggest lender will link its rates of bank deposits for Rs 1 lakh and above with Reserve Bank of India's repo rate.
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Company Fixed Deposits: To perform better than Bank Fixed Deposits in 2019
Updated : 7 years ago IST
Pune (Maharashtra) [India] March 5 (ANI): The year 2018 witnessed all developed economies hiking their interest rates. The US Fed hiked it four times, whereas Reserve Bank of India (RBI) increased its policy rates twice. Bank deposit rates have moved in tandem to this increase. Whil
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