Latest News Updates
Latest News Updates
Representative image (photo: ani) Mumbai: The largest lender in India, State Bank of India, has again reduced the return for deposits. As of 15 June, the bank reduced interest rates on deposits of the store of a maximum of RS 3 Crore with 25 basic points between office periods. At the same time, it brought […]
In a rare fit of generosity, the Monetary Policy Committee (MPC) decided in its June meeting to lower the Repo rate with 50 basic points and to beat the Cash Reserve Ratio (CRR) for banks with 100 basic points. The CRR section will be phased out from September to November over four tranches. Both REPO […]
