State Bank lowers deposit rates
November 6th, 2009 - 6:26 pm ICT by IANS ( Leave a comment )
Mumbai, Nov 6 (IANS) The country’s largest lender State Bank of India has lowered deposit rates by 25-50 basis points on amounts less than Rs.1 crore effective Nov 9.
The new interest rate for a deposit of 15-45 days would be 2.5 percent, down from the current 2.75 percent, while the rates for 181 days to less than a year deposits have been cut by 50 basis points to 5.25 percent.
Long-term deposit rates of three years to 10 years have, however, been left unchanged.
The state-run bank controls about a quarter of the country’s loans and deposits.
- SBI hikes deposit rates by 25-75 bps, keeps base rate steady - Sep 30, 2010
- PNB raises base rate by 50 bps, deposit rates by 25-50 bps - Sep 30, 2010
- ICICI Bank hikes lending, deposit rates - Dec 04, 2010
- RBI may hike key interest rate by 25-50 basis points - Jan 13, 2011
- RBI tightens norms for home loans, rates may go up - Nov 02, 2010
- SBI slashes deposit rates by 50 basis points - May 13, 2009
- PNB, Allahabad Bank hike lending, deposit rates - Jul 29, 2011
- Yes Bank to invest Rs.5,000 crore in education infrastructure - Jul 09, 2011
- Indian Bank, IOB hike lending rate to 8.5 percent - Oct 01, 2010
- Corporation Bank hikes base rate by 50 basis points - Nov 04, 2010
- Union Bank raises base rate by 50 bps to 8.5 percent - Oct 15, 2010
- SBI to hike lending rates, loans get dearer - Apr 19, 2011
- SBI slashes deposit rates by 25 basis points - May 02, 2009
- SBI hikes lending rates, EMIs to rise - Jul 07, 2011
- SBI raises lending, deposit rates; loans to get costlier - Aug 16, 2010
Tags: 10 years, bank of india, basis points, current 2, interest rate, loans, rs 1, state bank, state bank of india, term deposit rates
