YES Bank revises deposit and base rate

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YES Bank revises deposit and base rate
India's fourth biggest Private sector bank, YES Bank on Wednesday said that it has revised its deposit rates by 0.25 per cent to 0.50 per cent in select tenors.

"The revision in deposit rates gives an opportunity for retail depositors to lock in higher rates on term deposits," YES Bank said in a filing to the Bombay Stock Exchange (BSE).

YES Bank has also consequently revised its Base Rate by 0.25 per cent to 10.75 per cent, effective from August 01, 2013, the lender added.

The stock of YES Bank was down 13.13 per cent to Rs 303.10 on the BSE at 09:56 am on Wednesday after media reports raised corporate governance issues.

Read more about: yes bank
Story first published: Wednesday, July 31, 2013, 12:57 [IST]
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