SBI hikes short-term FD rates, may push other PSBs to relook

SBI increases short-term deposit rates by up to 75 basis points to boost liquidity, replacing wholesale deposits. The move follows GST outflows and equity sales by foreign institutional investors, pushing rivals to review rates too. Mention of MSID 110157382, public sector banks, Bank of Baroda, Yes Bank, IndusInd Bank, IDFC Bank, and Dinesh Khara's statements.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OyKL4tl

Comments

Post a Comment

Popular posts from this blog

Shaky Street: Sensex surges 1.1k points day after 2.2k-point crash

Image
After Monday's significant losses, the Indian stock market rebounded strongly, fueled by positive global cues and short covering. The Sensex surged by 1.5%, and the Nifty by 1.7%, adding substantial wealth to investors. However, analysts advise caution, citing ongoing trade negotiations and FPI selling, with RBI's interest rate decision expected to influence future trading. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/12rpnD7
Read more

ONGC-NTPC green JV acquires Ayana in $2.3 billion deal

Image
ONGC-NTPC Green Pvt Ltd's joint venture signed a $2.3 billion deal to acquire Ayana Renewable Power Pvt Ltd, marking their first strategic investment since 2024. The acquisition aligns with the net-zero vision of ONGC and NTPC, leveraging Ayana's extensive renewable portfolio for further expansion and growth. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hBTjsly
Read more

Mobile companies seek zero duty on US imports

Image
Mobile phone manufacturers like Foxconn and the Tata group have urged the Indian government to reduce import duties from the US to 0%, fearing business loss to China and Vietnam if reciprocal tariffs are imposed. The companies emphasize an urgent bilateral agreement with the US, highlighting the potential shift in production locations if tariffs increase. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aEiVx3n
Read more