State Bank of
PNB and IDBI Bank have upped term deposit rates by 25-50 basis points and 15-50 basis points respectively across various maturities. Over the next few days, other banks are also expected to increase interest rates on term deposits and the base rate.
The latest hike in term deposit rates by SBI comes nearly a month-and-a-half after the public sector bank raised term deposit rates by 25 to 150 basis points across various maturity buckets. The bank had then also notched up the benchmark prime lending rate by 50 basis points to 12.25 per cent.crackcrackCompany Name | CMP |
---|---|
SBI | 820.95 |
Bank Of Baroda | 246.50 |
Canara Bank | 101.10 |
PNB | 101.40 |
Union Bank Of India | 119.20 |
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