Kotak Mahindra Bank hikes interest rates of fixed deposits by up to 0.25%

The move comes a day after the Reserve Bank of India delivered another interest rate hike of 0.25 per cent on Wednesday. Deposit rates generally trail the lending rates, where the transmission happens first courtesy a bulk of new loans being made under external benchmarks like the RBI's repo rate.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/OBsxydR
via IFTTT

Comments

Post a Comment

Popular posts from this blog

RBL Bank taps HDFC veteran Bhavin Lakhpatwala as CFO

RBL Bank has appointed Bhavin Lakhpatwala as its new Chief Financial Officer. Lakhpatwala joins from HDFC Bank, bringing over 25 years of finance experience. This appointment fills a vacant position and comes as Emirates NBD moves to acquire a controlling stake. The new CFO is expected to guide the bank through its ownership transition and future growth phase. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tqcV3TI via IFTTT
Read more

India's Paytm Payments Bank granted status upgrade

Image
Paytm Payments Bank, a niche bank that cannot lend on its own, had more than 64 million savings accounts and over 52 billion Indian rupees ($688.5 million) deposits, including savings accounts, current accounts and fixed deposits with partner banks at the end of March this year. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3pJr1JN via IFTTT
Read more