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Deposit Rates News

SBI In Talks With RBI To Lower Cash Reserve Ratio Requirement On Green Deposit

State Bank of India chairman Dinesh Khara on Friday said the nation's largest lender is in talks with the Reserve Bank to reduce the cash reserve ratio requirement on green deposits. State Bank of India (SBI) last month announced a green ...

After SBI's Rate Hike On Deposits, Other Banks Most Likely To Follow Suit

SBI on Tuesday increased rates on its bulk deposits to match up with other retail deposits and this is likely to be followed by other banks too given the liquidity conditions as well as expectations of loan demand picking up in ...

Allahabad Bank hikes deposit rates from Nov 4

Allahabad Bank has hiked deposit rates on select maturities with effect from Nov 4. For deposit rates under Rs 1 crores the 30-45 days deposit will attract an interest rate of 6.5 per cent, as against 6 per cent earlier. ...

RBI surprises with 0.25% rate hike; EMIs on loans to go up

Mumbai: RBI Governor Raghuram Rajan on Friday surprised the industry and shocked the stock markets by hiking the short-term policy rate by 0.25 percent to keep "worrisome" inflation under check, a move that may increase EMIs for home and auto loans ...

Banks begin hiking deposit rates

Contrary to market belief that interest rates are falling, some banks have hiked their deposit rate, suggesting that demand for credit remains robust. Late last month Dena Bank hiked its deposit rates. According to a release issued by the bank ...