Page 3 - Deposit Rates

Sundaram Finance lowers interest rates on deposits across tenures

The company has around 600 branches spread across the country

CRISIL upgrades YES Bank's certificates of deposit from 'A2' to 'A2+'

YES Bank's total deposits increased to Rs 1.17 trillion (including CD) as on June 30 from Rs 1.05 trillion as on March 31

SBI reduces savings deposit rates by 5 bps, ICICI Bank by 25 bps

SBI has reduced its savings deposit interest rates to 2.70 per cent across all slabs from May 31, according to its website

ICICI Bank slashes interest rate on saving deposits by 25 basis points

The private sector lender has cut interest rate on all deposits of less than Rs 50 lakh to 3 per cent

SBI cuts MCLR for ninth straight month making auto, home loans cheaper

The bank also reduced interest rate on term deposits - retail and bulk - by 10-50 basis points (bps) across various tenors

Budget 2020: Govt's reliance on small savings makes rate transmission tough

Bond yields will also be under pressure due to Rs 2.7 trillion of switches in FY21, which increases duration risk

Deposit rate cut beyond a point is risky, India lacks safety net: SBI chief

On rate transmission by banks, Kumar said when interest rate moves downwards then everybody starts talking and when it goes upwards nobody talks about it

SFBs need to widen deposit base by Rs 60,000 crore in 2 yrs: Report

Granular deposits, which are current and savings deposits and retail term deposits, accounted for 48 per cent of total deposits in FY19

SBI cuts MCLR by 5 bps across all tenors, reduces fixed deposit rates

With this reduction, the one year MCLR, to which most of its loan prices are linked, will come down to 8 per cent

Fixed deposit investors likely to feel the pinch after SBI cuts rates

The SBI has cut deposit rates by 5-75 basis points across tenures. Shorter-tenure deposits have seen a higher quantum of cut than longer deposits

Repo-linked deposit rates: A tiny half-step

SBI has not announced the linking of lending rates of longer-term loans for businesses and retail customers of home loans, personal loans, auto loans, etc. to make these true floating rates

Banks are unlikely to undertake major hikes in deposit rates: Expert

With the reduction in statutory liquidity ratio and open market operation bond purchases, RBI is pushing liquidity into the system

Bandhan Bank, UCO and United Bank of India cut deposit rate

One of the factors that led to the rate cut was huge deposit mobilisation after demonetisation

After State Bank of India, ICICI & HDFC Bank slash deposit rates

Bankers said rates are expected to reduce by up to 50 bps over the next few months

Banks to follow SBI on deposit rate cuts

Awaits RBI's monetary policy in October