Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1688)

2018-12-02 Banking

1688.

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

SBI Bank

ICICI Bank

HDFC Bank

Yes Bank

Answer: Option

Explanation:

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.