SBI, Axis Bank hike deposit rates
Financial Express Mumbai|December 28, 2023
IN GOOD NEWS for depositors before the new year, State Bank of India (SBI) and Axis Bank have raised interest rates on fixed deposits by up to 50 basis points (bps) across various tenors.
SACHIN KUMAR
SBI, Axis Bank hike deposit rates

SBI has increased rates across various tenures, excluding FDs maturing within one year to less than 2 years, 2 years to less than 3 years, and 5 years to 10 years.

"We had not increased interest rate for sometime in shorter terms.

We had some elbow room available, so we have only calibrated rates," Dinesh Khara, chairman, SBI told FE."In longer tenor, we had already increased sometime back so there is no elbow room to increase them further," he added.

With two major lenders raising rates, other banks are also expected to hike deposit rates on fixed deposits.

この記事は Financial Express Mumbai の December 28, 2023 版に掲載されています。

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この記事は Financial Express Mumbai の December 28, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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