Daily Archives: January 31, 2018

SBI’s deposit rate hike sets stage for rise in interest rates

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Mumbai: State Bank of India (SBI) on Tuesday raised rates on bulk deposits by 50-140 basis points, a move that may prompt rival lenders to increase interest rates, given tight liquidity conditions and the expected rise in loan demand. This is the second such rate hike by SBI on deposits over Rs1 crore, usually referred to […]