SBI, PNB hike fixed deposit rates by up to 75 basis points Two major public sector lenders - State bank of India and Punjab National Bank - today hiked fixed deposit rates by up to 75 basis points. PNB also increased its base rate -- below which banks can't lend to 8.5 per cent. SBI, however, left its base rate unchanged at 7.50 per cent. [ Continue reading... ]
SBI launches ‘crorepati only’ branch in Hyderabad State Bank of India (SBI) has launched a branch exclusively for billionaires in Hyderabad. The customers should have minimum one crore rupee opening balance to become the clientele of the branch. Named as ‘Kohinoor Banjara Premium Banking Centre’, the ‘crorepati only’ branch has been opened yesterday in Hyderabad’s posh Banjarahills area. AIR correspondent reports, facing stiff... [ Continue reading... ]
SBI not to raise deposit, lending rates in near-term The country's largest lender, the State Bank of India, today said it does not plan any hike in its lending or deposit rates in the near-term, as the liquidity situation is evolving in the right direction. Speaking on the sidelines of conference in Mumbai, SBI Chairman O. P. Bhatt said there will be no increase in the bank's deposit rates till September. He also said that there are no plans... [ Continue reading... ]
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