SBI cuts fixed deposit rates by 0.25 pc

June 07, 2012 13:43

Ahead of RBI's mid-quarter review of the monetary policy later this month, country's largest lender State Bank of India (SBI) today slashed fixed deposit
rates by 0.25 per cent across select maturities. The bank has decided to revise its retail term deposit interest rates with a reduction by 0.25 per cent in tenors up to 240 days, SBI said in a statement. The new rates would be effective from tomorrow.

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