Which bank cuts 1-year deposit rate by 25 bps to 6.5%? – InterviewSolution

InterviewSolution

1.	Which bank cuts 1-year deposit rate by 25 bps to 6.5%?
Answer» State Bank of India has pared the interest rate on retail term-deposits of one-year maturity by 25 basis points, to 6.50 per cent. The highest interest rate that India's largest bank is offers on retail terms deposits (of below 1 crore) is now 6.50 per cent, compared to 6.75 per cent earlier. SBI now offers 6.50 per cent interest on retail term deposits in six maturity buckets (starting from 46 days to less than two years).

Discussion

No Comment Found

Related InterviewSolutions

Which bank became India's most-valued Public Sector Unit (PSU) in terms of market valuation?
Mastercard creates credit card with __________ scanner.
Which Indian bank has won the 2017 Golden Peacock Innovative Product/Service Award (GPIPSA)?
Japan's SoftBank invested this much of amount in digital payments platform Paytm.
Which bank tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender's customers?
Which bank tie-up with Paisa bazzar.com to make the process of availing a loan easy and act as a one-stop financial solution provider for all retail lending needs of the customer?
The Reserve Bank of India (RBI) proposed a set of regulations regarding mergers and acquisitions (M&A). The proposed regulations will be brought under the FEMA rules of
Which bank has tied up with Cashkaro.com to launch card-linked offers as part of its loyalty programme for both offline and online shoppers?
16 The Reserve Bank will soon put into circulation Rs. 5 coins to celebrate 150th anniversary of ___________.
FATCA stands for __________.