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Deposit Rates News
Banks seen increasing deposit rates in near term: Icra
Tue, Jan 30, 2018
The rating agency also expects the incremental bank credit offtake to surge in the current quarter
A Historic Low: What's really happening with bank credit growth?
Fri, Aug 11, 2017
Since the start of fiscal year 2017-18 (FY18) all scheduled commercial banks (SCBs) business ( advances and deposits has seen decline in both year-to-date (YTD) and year-on-year (YoY) basis.
Bi-monthly monetary policy: RBI says MCLR performance not 'entirely satisfactory'
Wed, Aug 02, 2017
RBI feels base rate has turned out to be cause of concern which is why it has appointed a group to study various aspects of the MCLR system.
SBI's deposit rate at 7-year low, should FDs be your only option?
Wed, Jul 05, 2017
Till now, no private banks have announced the reduction of interest rates. SBI rivals ICICI Bank and HDFC Bank still hold rates on one-year deposits under Rs 1 crore at 6.9%.
Urjit Patel for avoiding premature policy action by RBI: MPC minutes
Wed, Jun 21, 2017
Urjit Patel, during the MPC meeting held on June 6-7, also underlined the need for resolution of stressed assets of banks and timely recapitalisation of public sector lenders.
SBI reduces term deposit rates by up to 50 bps
Mon, May 01, 2017
According to the new structure, for two to less than three years deposits, SBI will offer a rate of 6.25 per cent as compared to 6.75 per cent earlier, the bank said. For the similar maturity, the deposit rates for senior citizen have been cut to 6.75 per cent from 7.25 per cent.
Govt lowers interest rates on small saving schemes like PPF, Kisan Vikas Patra, others by 0.1%
Fri, Mar 31, 2017
The government has lowered interest rates on small saving schemes like Public Provident Fund (PPF), Kisan Vikas Patra and Sukanya Samriddhi Scheme by 0.1% for the April-June quarter of the fiscal year 2017-18 (FY18).
Utkarsh Small Finance Bank to offer 1 to 1.25% higher deposit rates than other banks
Tue, Jan 24, 2017
Find out how Utkarsh Small Finance Bank will offer higher deposit rates to customers.
Demonetisation: SBI cuts bulk deposit rates by up to 1.9%
Thu, Nov 24, 2016
Days after Prime Minister Narendra Modi signalled that rates are on the way down, State Bank of India (SBI) on Wednesday slashed bulk deposit rates by up to 1.9% taking advantage of the surge in deposits following demonetisation.
Indian economy likely to grow at 7.8% in FY17: Ficci
Tue, Aug 30, 2016
Indian economy is estimated to grow at 7.8% in the current financial year of 2016-17 (FY17) on the back of good monsoon, better performance of agriculture and industry sector, said a latest survey by Ficci.