Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.408)


Which bank increased interest rates for fixed deposits less than Rs. 1 crore?

[A]. SBI Bank
[B]. ICICI Bank
[C]. HDFC Bank
[D]. Yes Bank

Answer: Option A


State Bank of India (SBI) revised its fixed deposit (FD) interest rates on select maturities by 0.05-0.10 per cent or 5-10 basis points. The hiked interest rates are on deposits below Rs. 1 crore. These changes were done ahead of the fifth bi-monthly monetary policy review outcome on December 5.

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