SBI (State Bank of India) has snipped interest rates by 25-50 basis points on deposits up to 5 years time period. After several months, this is for second time that India’s biggest bank has snipped term deposit rates.
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- Syndicate Bank lowers rates on domestic deposits 2 years 31 weeks ago
State run, Syndicate Bank has revised the deposit rates on domestic term deposits amounting less than Rs 1 crore.
- ICICI and IDBI Bank to reduce deposit rates by up to 1% 2 years 38 weeks ago
Two leading lenders ICICI Bank and IDBI Bank on Friday reduced their deposit rates by up to 100 basis points (bps) across various maturities.Click on the link to read the story in detail.
- UCO Bank to reduce deposit rates from January 3 years 7 weeks ago
UCO Bank is set to reduce its prime lending rate by around 100 basis points from January, Chairman and Managing Director Subodh Kumar Goel indicated here on Tuesday.Participating in an interactive session on Global financial meltdown: impact on the Indian economy, organised by the Merchants Chamber of Commerce (MCC), he said that while the banks board would make the final decision on December 26, it proposed to bring in a reduced interest rate regime on its lending and deposit rates from January 1, 2009.
- RBI policy rates at ’03 level but banks keep lending rates high 2 years 46 weeks ago
Five years ago, in November 2003, ICICI Bank was offering home loans at 7.5 per cent interest rate. That was the time when key policy rates of the Reserve Bank of India (RBI) were at low levels and there was comfortable liquidity in the system.
- Axis Bank raises rate war pitch with car loans at 9 Percent 2 years 20 weeks ago
Axis Bank has become the new price warrior in the car loan segment. The third-largest private sector bank has slashed interest rates by around 150-200 basis points in the past one month in select southern markets.
- RBI rises CRR by 75 bps, key policy rates remain the same 2 years 1 week ago
The Reserve Bank of India on Friday increased mandatory cash reserve of banks held by it by 75 basis points in a bid to suck excess liquidity to combat rising inflation.However, short-term lending and borrowing rates between RBI and banks were kept unchanged,
- Andhra, Central Bank cut prime lending rates 2 years 43 weeks ago
Public sector lenders Central Bank of India and Andhra Bank reduced their benchmark prime lending rates (BPLR) today.While the former brought it down by 0.50 per cent to 12 per cent, the latter by 25 basis points to 12.25 per cent from the current 12.50 per cent.
- Central Bank of Colombia cuts Interest Rate by 100bps 2 years 49 weeks ago
* Central bank cuts benchmark rate 100 bps to 8 pct
* Bank says peso fall not a threat to inflation target
* Most analysts expected a cut of 50 basis points
Colombia's central bank said on Friday it had cut its key interest rate by 100 basis points to 8 percent, double most market expectations.CC- ICICI Bank may rise Interest rates from July 2 years 6 days ago
The countrys largest private sector lender, ICICI Bank, does not see immediate pressure on interest rates, but expects them to rise from the second quarter (July-September) of next financial year due to increase in demand for credit. Now-RBI may not increase policy rates in April policy: Kamath-No pressure on interest rates over next 9 months: Kamath-'Consumption, investment will drive growth'-Banks to review teaser home loan plans in March-Bankers see huge challenges in next financial year-