Interbank lending market Current Affairs, GK & News

Banks cut interest rates in the aftermath of demonetisation

November 18, 2016

State Bank of India along with some private banks has cut the interest rates on deposits. SBI has cut the interest rates on deposits from 1 year to 455 days to 6.90%. This may not be in the interest of those who are depositing their money in banks. The yields on 10-year government bond which ..

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