Last Updated: Tuesday, March 11, 2014, 12:12
The government expects the economy to grow 7.5 percent this year, which would be the lowest pace in 24 years.
Last Updated: Sunday, March 02, 2014, 14:55
Public sector Indian Bank has revised the interest rates on foreign currency non-resident (banking) term deposits with immediate effect.
Last Updated: Saturday, February 15, 2014, 21:04
State Bank of India, the country's largest lender, has cut deposit rates by up to 0.50 percent starting February 18.
Last Updated: Monday, February 03, 2014, 23:03
After the January 28 rate hike by the Reserve Bank, private sector lender Kotak Mahindra Bank Monday took the lead over its larger peers by raising deposit rates by 25 basis points on select maturities, effective February 6.
Last Updated: Saturday, November 23, 2013, 23:43
"Indian Overseas Bank has increased the interest rates under NRE Term Deposits for period of 3 years and above from 9.00 percent to 9.50 percent with effect from November 23", a bank statement said.
Last Updated: Friday, November 08, 2013, 21:07
The increase in fixed deposit rates may lead to a hike in lending rates sooner or later.
Last Updated: Friday, November 08, 2013, 14:47
Taking cue from other lenders, state-run Canara Bank on Friday hiked interest rates on fixed deposits by up to 0.50 percent.
Last Updated: Monday, September 30, 2013, 19:42
State-owned Bank of Baroda (BoB) Monday raised fixed deposit rates on select maturities by 0.50 percent, reflecting the tightening of liquidity conditions.
Last Updated: Friday, September 20, 2013, 13:51
Soon after unveiling of the Reserve Bank's mid-quarter policy review, country's largest lender SBI on Friday said lending and deposit rates will go up in view of the festive season demand.
Last Updated: Friday, August 23, 2013, 23:23
Many private and public sector banks, including Axis Bank, Federal Bank and IDBI Bank, have raised their NRI deposit rates following the recent liberalisation of the same by the Reserve Bank.
Last Updated: Wednesday, August 21, 2013, 17:28
The private sector bank has raised interest rate on term deposits with 46-60 day maturity by 0.75 percent to 7 percent. For 61-289 days as well, the increase is by similar percentage points to 7.75 percent.
Last Updated: Monday, August 19, 2013, 21:57
Dena Bank Monday raised interest rates on NRI deposits of over three years by 1 percent, days after the Reserve Bank deregulated interest rates on such deposits.
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