Comments
Following a policy rate cut by RBI earlier this month, Yes Bank followed other major banks to reduce its base rate by 25 basis points from 10.75 per cent to 10.50 per cent p. a.
The revised rates will be effective from June 22, 2015.
The reduction is a consequence of the recent term deposit rate cuts of up to 25 basis points carried out by the Bank across various tenors which were made effective from June 17, 2015,” the mid-sized private lender said in a statement.
On Tuesday, HDFC Bank cut its base rate by 15 bps to 9.7 per cent, now at par with country’s largest bank State Bank of India.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.