Mumbai:Following the Reserve Bank of India’s (RBI) repo rate cut, the country's largest lender State Bank of India (SBI) has reduced its lending rate by 25 basis points making home, auto and ...

The last sector-wide cut in savings rates came during the pandemic, when excess liquidity flooded the banking system. In April 2020, State Bank of India dropped its savings rate to 2.75% and ...

ICICI Bank, the second-largest private sector lender, on Wednesday reduced interest rates on its savings accounts by 25 basis points (bps), following the similar moves by HDFC Bank and Axis Bank.

Major banks have cut their lending and deposit rates following Reserve Bank of India’s (RBI) 50 basis points cut in repo rate in 2025. The largest private sector bank HDFC Bank cut its deposit ...

With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of SBI would come down by 25 basis points to 8.25 per ...

Barring a few, banks have not revised their deposit rates in a while. India’s largest lender State Bank of India (SBI) last revised deposit rates in June 2024, raising rates by 25 basis points ...

State Bank of India (SBI) alone subscribed to over half the issuances. Media reports suggest RBI played a behind-the-scenes role, persuading PSBs to buy its CDs. Two aspects of this intervention ...

Following the Reserve Bank's policy rate drop, the state lender likewise lowered its lending rate ... Another public sector Bank of India has withdrawn its 400-day special deposit scheme which offered ...

Union government announced on Wednesday that 15 Regional Rural Banks (RRBs) in 11 states will combine. This action will take ...

Sub: – Grant of additional installment of Dearness Relief (DR) to Central Govt. Pensioners/Family Pensioners- revised rate effective from 01.01.2025-reg.

On the other hand, the State Bank of India (SBI) has announced the discontinuation of its Amrit Kalash fixed deposit scheme. Details regarding the interest rate offered under this scheme were not ...