No plan to trim saving deposit rate from 6%: Kotak Bank

Last Updated: Thursday, June 20, 2013, 18:37

Private sector lender Kotak Mahindra Bank is unlikely to reduce its savings bank deposit rate this fiscal, a top official said Thursday.

OBC cuts fixed deposit rates by up to 1%

Last Updated: Thursday, May 16, 2013, 21:24

State-owned Oriental Bank of Commerce (OBC) Thursday slashed fixed deposit rates by up to 1 percent on select maturities.

IDBI cuts retail deposit rates by 0.5%

Last Updated: Friday, May 10, 2013, 15:16

In the first such move since RBI cut its key rates last week, state-run IDBI Bank on Friday cut its fixed deposit rate offering in two maturities by up to 0.50 percent.

BoB revises fixed deposits rates by up to 0.25%

Last Updated: Friday, April 5, 2013, 21:03

State-owned Bank of Baroda (BoB) today revised fixed deposits rates by up to 0.25 percent on select maturities.

Indian Overseas Bank hopes to meet 15% bulk deposit norm

Last Updated: Thursday, March 21, 2013, 20:31

Public sector Indian Overseas Bank (IOB) on Thursday said it is hopeful of reducing its bulk deposit level out of the total deposit to the mandated level of 15 percent by end of the current fiscal.

Central Bank raises NRE deposit rates

Last Updated: Friday, March 1, 2013, 20:00

Public sector Central Bank of India on Friday revised upwards interest rates on NRE deposits up to 9.25 percent.

EPFO to pay 8.5% interest on PF deposits for 2012-13

Last Updated: Monday, February 25, 2013, 18:41

Under, 2008 investment pattern norms, the Employees' Provident Fund Organisation (EPFO) will have greater flexibility to park its surplus funds in long-term debt instruments and certificate of deposits of PSU banks.

Bulk deposit rates may not touch FY12 level: Bankers

Last Updated: Sunday, February 17, 2013, 15:34

Bulk deposit rates are not likely to come up to the level seen last fiscal despite the recent rise amid tight liquidity condition seen in the banking system, say experts.