SBI has increased rates on all deposits over one year and these come into effect from Wednesday. Most of the bank’s deposits are in the above one-year category. Given that the benchmark rate for loans is determined by cost of funds, there is a strong likelihood that the bank will increase its marginal cost of lending rate in coming months.
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Thursday, November 29, 2018
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SBI hikes FD rates by 0.1%, loans may get costlier
SBI hikes FD rates by 0.1%, loans may get costlier
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# Financial News
# India Business & World Business News
# Stock Markets
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