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Thursday, November 29, 2018

SBI hikes FD rates by 0.1%, loans may get costlier

SBI has increased rates on all deposits over one year and these come into effect from Wednesday. Most of the bank’s deposits are in the above one-year category. Given that the benchmark rate for loans is determined by cost of funds, there is a strong likelihood that the bank will increase its marginal cost of lending rate in coming months.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2KEWs31

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