Latest News
-
Stock To Buy: Multibagger Tata Stock Hits 20% Upper Circuit, Gains 37.22% In 1-Week; TP Rs 1100 -
Closing Bell: Sensex, Nifty Extend Gains 3rd Day; India VIX Records Biggest Single Day Fall Since May 2019 -
Mutual Funds: 10 PSU Stocks Have Reduced Holdings -
Air India Joins Into Codeshare Pact With Japan's All Nippon Airways -
Razorpay Declares 'UPI Switch' In Partnership With Airtel Payments Bank -
Shriram Finance Introduces Online Fixed Deposits At 8.15% Returns -
Silver Prices India, April 23: 1 Kg Silver Prices Fall By Rs 3,500 In Just 2-Days -
SEBI Investigates Adani Offshore Funds For Shareholding Disclosure Violations -
American Express Revamps Platinum Travel Credit Card Design -
Ensure Children Up to 12 Years Are Allocated Seats With Their Parents In Flight: DGCA Tells Airlines
For Daily Alerts
SBI Increases Bulk Deposit Interest Rates By 50-140 bps
Last time in the month of November the state-run lender raised interest rates on bulk deposits over Rs. 1 crore by 1%. While the interest rate on retail deposits below Rs. 1 crore were kept unchanged.
SBI has attempted to align the interest rate on bulk deposit at par with rates on retail deposits and for it the bank had raised rates on bulk deposits by as much as 50-140 basis points effective January 29, 2018.
As told to one of the leading business channels, the MD of the bank said that the move will not hurt the cost of funds for bank significantly.
Last time in the month of November the state-run lender raised interest rates on bulk deposits over Rs. 1 crore by 1%. While the interest rate on retail deposits below Rs. 1 crore were kept unchanged.
Goodreturns.in
Story first published: Tuesday, January 30, 2018, 12:12 [IST]
More From GoodReturns
