The Hindu Business Line : SIDBI cuts PLR and deposit rates

Small Industries Development Bank of India (SIDBI) reduced its prime lending rate by 0.5 per cent and its deposit rates by 0.25 per cent. The PLR, which is at 1.25 per cent will be reduced to 12 per cent with effect from January 28, while the revised deposit rates are effective from January 19, said a statement. The bank offers interest rates in the range of 8 to 9 per cent on fixed deposits depending on the maturity. —

Our Bureau

More Stories on : Interest Rates | Financial Institutions | Fixed Deposits

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
India’s wealth management business set to boom

Rupee gains 6 paise

Bank of India Q3 net doubles on higher income

Corporation Bank net at Rs 191 cr

Nabard projects Rs 37,546-cr credit potential for Kerala

PSBs emerge unscathed in volatile market

SBI’s 436th ATM opened

Canara Bank donates bus

SIDBI cuts PLR and deposit rates

Bond prices rise 50 paise

Bank of India to offer helpline to stockbrokers

Call rates move up

Vijaya Bank redeems Rs 2,000-cr bulk deposits

Board meeting put off; SBI group consolidation likely to be delayed

Canara Bank, ECGCI in tie-up