State Bank of India (SBI) on Thursday lowered interest rates on domestic term deposits of maturity of five years and more by 0.25 per cent to 8.50 per cent.

"The bank has decided to revise downwar

The government has backtracked from a directive issued to state-run banks that put a cap on holdings of bulk deposits and certificates of deposit (CDs) saying the rules were not final, banking sources

The steps to be announced on Monday by the government and the RBI may include raising the interest for NRI deposits, cutting down wasteful expenditures and unveiling a bond issue for overseas inves

Deposit growth at Indian banks fell short of the Reserve Bank of India's (RBI) projection for fiscal 2011-12 that ended in March amid an acute liquidity crunch as customers withdrew funds to cope with

To ease liquidity situation, the Reserve Bank on Friday slashed CRR -- the portion of deposits banks are required to keep with the central bank -- by 0.75 percentage points, a step that will infuse Rs

The Reserve Bank of India (RBI) on Saturday asked people not to deposit their hard earned money in unauthorised non-banking financial companies (NBFCs) and institutions in the hope of getting hefty re