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  • Non-resident (External) Rupee, State Bank of India, indian banks hike rates to lure nri deposits, Deposit rates

    Indian Banks Hike Rates to Lure NRI Deposits 2011-12-22 06:56:20

    Interest rates paid by Indian banks on NRE savings, term deposits and ordinary non-resident (NRO) savings accounts were deregulated by RBI. As stated by Central Bank, rates on non-resident deposits cannot go higher than the rates paid on term deposits...

    Keywords: mid-size private banks, higher rates on deposits, Non-resident (External) Rupee, City Union Bank deregulation asset-liability committee

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    NRE deposit rates, hikes NRE, karnataka bank hikes nre deposit rates, Deposit rates

    Karnataka Bank hikes NRE deposit rates 2013-09-30 06:13:41

    Mangalore-based private sector lender Karnataka Bank on Tuesday said it has raised its NRI deposit interest rates by 50 basis points for three years to 10 years with maturity effective from September 2, 2013. "The revised interest rate for 3 years...

    Keywords: Mangalore-based private sector, Mangalore-based private sector, NRE deposit rates, Karnataka Bank hikes

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    home loans, RBI, state bank of india slashes minimum lending by 0 4, Deposit rates

    State Bank of India slashes minimum lending by 0.4% 2015-09-29 12:45:41

    As soon as the Reserve Bank reduced in repo rate, State Bank of India (SBI), the country’s largest lender, has cut minimum lending or base rate by 0.4% to 9.3% with effect from 5 October 2015. This has set a...

    Keywords: SBI, monetary policy, Andhra Bank, Andhra Bank

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