The hike in the policy rates from the Reserve Bank of India has triggered the banks to hike their lending and deposit rates. A lot of the leading banks have already announced hike in their deposit and lending rates and other are likely to do that very soon.
Private sector lender YES Bank has announced a revision in the deposit rates offered by it. The bank has hiked the deposit rates across various maturities maximum by 50 basis points. The revised rates are applicable form 9th May.
Another private sector lender Kotak Mahindra Bank has hiked the BPLR and Base Rate both by 50 basis points. Due to the hike the loans will now cost more to the borrowers. The new rates are applicable from 10th May.
1 comment:
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It gives real time updates on whats happening in banking world and its a godsent for people like us who are working and don't get time to search for information on bank related topics.
I always check this blog to time my investments in fd.
Love you Mega for making such a wonderful blog.
K.S.L
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