Savings Bank Deposits Rate

RBI has deregulated savings bank deposit rates with effect from October 25, 2011. The clear implication as of now is - increased funding costs for the banking fraternity and party time for the depositors with idle funds in their savings…

The RBI has pulled the gauntlet with yet another 25 basis points hike in repo and reverse repo rates to 8.5% and 7.5% respectively. As a matter of practice, reverse repo rate is usually determined with a spread of 100 basis points below the…