The non-food credit rose 15.1% year-on-year (y-o-y) as of fortnight ended July 29 to Rs 123.7 trillion while deposits grew 9.1% y-o-y to Rs 169.7 trillion during the period.Īlso read SBI Q1 net profit falls 6.7% on-year against expectation, India’s largest PSU bank nets only Rs 6068 crore The total deposit growth rate of the entire banking system is lagging the pace of credit growth, as per the latest RBI data. On deposits above Rs 2 crore, the bank has increased interest rates on almost all maturities in the range of 25-100 bps. Customers choose USB for our low-cost mortgage loans. The new interest rates to be paid by the bank stand in the range of 5.45-5.65% and are applicable on deposits maturing in 1 year to less than 2 years, 2 years to less than 3 years, 3 years to less than 5 years, 5 years and up to 10 years. As a community bank, Union Savings Bank gives our customers local and personal service in everything we do. For deposits below Rs 2 crore, the bank has raised interest rates by 15 bps.
SBI also increased interest rates on domestic term deposits of some maturities, effective August 13. While MCLR gets revised each month, a revision in repo rate by the RBI gets automatically reflected in the RLLR of banks. So far, major banks like Bank of Baroda, ICICI Bank, Bank of India, Punjab National Bank and Yes Bank have raised their MCLR rates in the range of 5-10 bps.
The central bank has raised the policy interest rates by 140 bps since April. The decision comes in the wake of Reserve Bank of India (RBI) increasing benchmark policy rates by 50 bps earlier this month to tame headline inflation.
#Sbi bank home loan Pc#
Smart tips to help you control festive spendingĪlso read To sustain loan growth of 15 pc in current fiscal, says SBI chairmanĪlong with SBI, other banks are also raising lending rates.
0 kommentar(er)
